In 2014, Kervin and Kyra were earning more than ever. The two professionals—Kervin is an accountant, Kyra* a sales coordinator—immigrated to Canada from their native Mauritius in 2010, seeking a better life. To all appearances, their hard work had been rewarded. They had a Toyota Corolla and a Mazda 5 in the driveway, and were paying down a new townhouse in Surrey, British Columbia. “I was considered successful,” says Kervin. “People might have thought I had a few debts, but nothing I couldn’t handle.”
One year later, creditors were calling daily. Kervin and Kyra’s combined after-tax monthly income of $7,300 should have been enough for them to get by—the couple had few extravagances. But they had debt—more than $150,000 of it. A lot of that was because of the credit cards and credit lines Kervin had used to carry his family through a rough patch that began in the spring of 2014, after the birth of their second child, a daughter. Kyra needed a C-section—major surgery with a lengthy recovery period. With no family nearby to help, Kervin took a three-month parental leave from his accounting job at Schneider Electric, a European multinational. “I felt I owed it to my wife,” he said. “Since I came to Canada, I’d been working hard. I didn’t have a chance to connect with my family at all.” To get the time off, he set up a job-sharing arrangement with two less senior employees. It came with a risk, and, sure enough, he returned in June 2014 to find that his job was gone. His duties had been transferred to the other staffers.
Source: for MORE