Blog & News

Jul 10, 2013

By Margaret H. Johnson

June 21st was the 1st day of summer. You can hear in the wind the sound of happiness by smiling children, teenagers and young adults in schools everywhere. For the parents, not so much. A new wave of activities kick in.

First, you have to decide what to do and what is available in your community. That means checking out community centres for programs that generally cost money. This can add up for families short of financial resources.

Jul 5, 2013

By Luann Lasalle

The death of a parent can sometimes mean financial turmoil for surviving relatives, but advisers say that lingering debts aren’t the responsibility of the adult children in the family.

“There is no liability for a child to take on the debts of the parents,” said lawyer Murray Morrison, who specializes in insolvency and practices in the Vancouver area.

Click here to view the original article published in the Canadian Press on Jun 14, 2013

Jun 26, 2013

I was intrigued today when some of the Father’s day salutations arrived through the news media. One ranked the 5 worst TV dads with Archie Bunker receiving the top spot. Another ranked the best TV dads with Homer Simpson, a cartoon caricature, claiming first prize.

Jun 12, 2013

I am really confused today. I’ve had a major collision with reality.

The thought of banks withdrawing money out of personal bank accounts to pay down a government debt drives me completely crazy. This, ladies and gentlemen, is a very bold step in the collection of debts. Garnisheeing a person’s bank account without due process or without some type of legally binding contract is shocking. This is what has happened in Cyprus.

Jun 6, 2013

I have been long awaiting the changes now being implemented for separating families when it comes to debt and creditors. Governments have recently declared that the debts incurred during the relationship that are still owed on the separation date, or are incurred to maintain family property after separation - are assumed to be shared equally unless other arrangements are made in an agreement or court order.

May 15, 2013

According to recent studies poverty increases among the elderly as they get older due to:

          • Insufficient Retirement Funds
          • Housing
          • Prescription Drugs
          • Long-term Care
          • Debt

May 8, 2013

Most people are honest and want to pay their debts, however, for a variety of reasons may be unable to do so.

People can have trouble paying their bills for a variety of reasons including illness, injury, job loss, divorce, or poor financial planning.

May 1, 2013

Internet gambling: Is it worth the risk?

My View by Jan Zacharias

Editor’s note: This is the last part in a four-part series.

In this four-part series we have taken a look at both the “educational” sites where gambling is free and the sites where you pay to play. There are some unique aspects of gambling online that may contribute to developing an addiction.

April 24, 2013

The gambling is virtual; the money is real

My View – Jan Zacharias

Editor’s note: This is the third of four columns.

These days, all you need to gamble on the Internet is a computer and a credit card or the ability to transfer money into an online payment processor such as NETeller. While the gambling may be virtual, the money is real.