Desi News Corp - Index

Desi News Corp - Desi News - March 2009 - Index

WHAT’S
YOUR
MONEY
I.Q.?
Take this simple quiz that
demystifies some prevalent
myths about finances,
debt, bankruptcy and credit
counselling.
1. A house mortgage or car
loan or lease can also be settled
in a bankruptcy or proposal.
True or false?
2. A debtor receiving welfare
or disability does not need to
pay his or her debts.
True or false?
3. Business assets can never
be touched in a bankruptcy or
a proposal.
True or false?
4. Traffic tickets and court fines
can also be included in a
bankruptcy or proposal.
True or false?
5. Every client can expect
at least 80 per cent forgiveness
in a proposal.
True or false?
Many people are surprised
to learn that, contrary to
popular belief, the answer to all
the above questions is FALSE.
How did you score?
• “You can live life debt-free!” says
Celtus Castelino, the longest-serving
credit counsellor in the desi
community in the GTA. Castelino,
an MBA from the prestigious
Indian Institute of Management,
Ahmedabad, can be reached at 905-
848-0006 or tollfree at 1-866 499-
0006. More tips at karzafree.ca.
March 2009 Desi News 41