With the cost of living, house prices, child care and education all soaring, many families are worried about their rising debt loads. Learn about all debt management options available to take control now before problems arise.
Sometimes debt problems can’t be solved by budgeting, debt consolidation or various debt management plans. When this is the case, many fear that bankruptcy is the only option. Consumer Proposals are an alternative to bankruptcy, allowing you to protect your assets and get immediate relief.
Even though it is considered a ‘last resort’ in solving debt problems, bankruptcy can actually be the most suitable debt solution for some individual circumstances. Offering immediate legal protection and the ability to start rebuilding quickly, it is helpful to learn the facts.
The starting point to putting a debt relief plan in place is assessing where you stand and having the information to know what the next steps should be. Our resources page provides you with the tools, worksheets and links necessary to get you started with confidence.
You may have come across a variety of options while looking for ways to help you with debt. With so many solutions to choose from, it can be hard to know which one is right for you. To help you learn more about your options, we’ve provided an overview of the following debt relief methods and how they can apply to you.
Many businesses can face unexpected financial problems after experiencing changes in the economy, changes in their market, or changes within the company. Whether you are a small business owner, self-employed, or a large corporation, BDO’s business restructuring professionals recognize you need to address issues quickly to ensure the viability of the business.
BDO’s financial experts facilitate workshops that provide employees with tools & resources to improve their financial literacy and stay on track. This financial education may be offered as a supplement to an existing EAP, and workshop topics are customized to each organization, based on your needs, covering real life financial education that directly benefits your employees.
BDO CANADA’S INAUGURAL AFFORDABILITY INDEX POLL
Canada is one of the world’s most prosperous countries, but three quarters of Canadians live under the burden of debt.
BDO Canada Limited’s inaugural Affordability Index finds that three-in-10 (31%) Canadians say they don’t have enough money to pay for their basic needs. More than half (52%) have just enough to cover living costs.
Clearly, affordability is a problem.
November 14, 2018
A healthy budget means knowing the difference between Needs vs. Wants, but most Canadians can’t agree on which is which. Have you got it figured out?