Not everything is rosy in retirement, proof of this is that seniors are increasingly in debt. Since 2010, people 65 and over have been the group that has grown the most among clients who have come to us for insolvency issues. But what are the causes of these growing difficulties?
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Consumer Proposals on the rise in Quebec in 2015
The Office of the Superintendent of Bankruptcy issued last month the Insolvency Statistics for Canada in 2015 and the figure that gets immediately noticed is the increase in consumer proposals in Quebec by 12% compared to 2014.
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A Difficult Year Financially for Quebecers
Just as many of us thought we were coming out of an economic recession and that things were getting better, we realize that it is not the case for everyone.
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Pierre Roy & Associés publishes its first survey on student finances in Quebec
MONTREAL, January 9th, 2013 – Pierre Roy & Associés, bankruptcy trustees, published the first edition of its survey on the state of personal finances and debt of Quebec university students.
The survey was administered electronically, mostly via social media, to 123 participants between October 29th and November 5th à 2013. Participants came from several Quebec universities: University of Montreal, UQAM, Concordia, McGill, Laval University, and others.
The survey follows the latest events linked to the student crisis and tries to analyze the financial situation of university students. Particular attention has been paid in regard to funding, debt and expected remuneration after graduation.
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