bankruptcy

Credit rebuild - harder than you think

Submitted by trufinancial

on Thu, 02/02/2017 - 18:42

Headlines on Canadians getting deeper and deeper in debt had been on more frequently in the last few years. Living expenses had risen quite a bit, carrying cost are higher, interest rate is lower only to get us into a bigger debt!

Along the way, the capabliliy of us repaying our debt is diminishing. Partly due to some of us lost our jobs or contracts but haven't got a new gig yet; sudden (unplanned) expenses among the family, etc.

I am not too sure since when Canadians take bankruptcy very light. I am running into more people who are in bankruptcy or in a consumer proposal more than ever.

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What can small businesses learn from Kodak?

Submitted by trufinancial

on Thu, 01/19/2012 - 15:18

So, Kodak has finally filed bankruptcy…. as much as I feel sad, it is not surprising that it has been struggling for quite a few years…

What can small businesses learn from Kodak?

Kodak invented the first digital camera back in the 70's, com'on, that's innovative. But not able to follow through is their big mistake. We have to accept that sometimes we do go a few steps ahead compare to the mass market. Slowly and surely the mass market will follow.

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