Bankruptcy and the big question: Other debt-relief options

February 7, 2012 by · Leave a Comment
Filed under: Bankruptcy, Debt Management, debt relief 

Though it is true that bankruptcy provides you with that fresh start, you should consider the other debt relief options before filing bankruptcy. Bankruptcy can help you discharge almost all of your debts but at the same time it hurts your credit too. As a result, it becomes hard for you to get any form of new credit after the discharge of bankruptcy. So, it would be best for you to consider how to become debt free without you having to file bankruptcy. Read more

While the Canadian economy struggles, the Big Five Banks see a profit of $22 Billion

December 6, 2011 by · Leave a Comment
Filed under: Bank's Profits, Bankruptcy, Statistics 

In the news today: “Big banks made $22.4B in 2011.” In a nutshell:

  • Canadian Bank profit in 2011 was  $22.4 billion, 15% more than the last year.
  • Last years profit was “only” $19.5 billion.
  • One of the predominant contributors to growth was loans; the other was retail growth.

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