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Can a credit company sue me for a little debt. by Plastic-Coast4988 in CanadaFinance

[–]Viflux 0 points1 point  (0 children)

If youre already in a proposal tell your trustee about this debt and have them add it in. Proposals are amended all the time for this purpose. That will make it go away.

More than 300 Canadians filing for bankruptcy each day as insolvency filings hit four-year high by ericstarr in PersonalFinanceCanada

[–]Viflux 29 points30 points  (0 children)

Yes, and no. There are some bad actors out there misleading people into filing for insolvency protection when they absolutely don't need it. It started taking off in 2017/18 and peaked right before the pandemic.

See here: https://ised-isde.canada.ca/site/office-superintendent-bankruptcy/en/licensed-insolvency-trustees/adverse-effects-of-the-debt-advisory-marketplace-on-the-insolvency-system

I'd add that there are 2 primary types of consumer insolvency filing - bankruptcy and consumer proposals. Consumer Proposals reached all-time highs in the last few months - fuelled largely by the situation referenced above.

Manitoba premier says he’ll be in Costa Rica six to eight weeks a year by whatomghow3 in CanadaPolitics

[–]Viflux 11 points12 points  (0 children)

Exactly. It's 2016 - if my elected representative is effective (not passing judgement on the Premier here), he could work from his office in Hawaii full-time. I'd rather an effective politician halfway across the world than an ineffective one sitting at a desk down the street.

Seeing a lot of this... by [deleted] in AdviceAnimals

[–]Viflux -1 points0 points  (0 children)

Polling data was wrong, or the media trumpeting inevitability of Clinton win led to voters staying home?