Consumer and business insolvencies rising under weight of higher interest rates

Personal finance contributor Christopher Liew explains how credit scores work, what a good score looks like, and offers some practical tips to help you improve your score.After losing a parent or both parents, the last thing most children want to hear is that they have to take on debts owed by their parents. While this doesn’t happen often, it’s a very real possibility, especially if the parents don’t take proper measures to keep assets safe from creditors.

But the technology may have a way to go before it can serve as a trustworthy financial management tool, writes columnist Christopher Liew.It can be hard to deny that AI tools such as ChatGPT have plenty of creative and practical uses. But the technology may have just as much potential for harm as it does for progress, writes columnist Christopher Liew. Here are some of the ways AI can be used for scams, fraud, and other malicious activity.

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Consumer and business insolvencies rising under weight of higher interest rates - BNN BloombergThe Office of the Superintendent of Bankruptcy says both consumer and business insolvencies rose significantly in the second quarter amid heightened interest rates.
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