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Debt Matters Team and Wayne Kay에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Debt Matters Team and Wayne Kay 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
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We Have The Receipts


1 Battle Camp S1: Reality Rivalries with Dana Moon & QT 1:00:36
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Do you have fond childhood memories of summer camp? For a chance at $250,000, campers must compete in a series of summer camp-themed challenges to prove that they are unbeatable, unhateable, and unbreakable. Host Chris Burns is joined by the multi-talented comedian Dana Moon to recap the first five episodes of season one of Battle Camp . Plus, Quori-Tyler (aka QT) joins the podcast to dish on the camp gossip, team dynamics, and the Watson to her Sherlock Holmes. Leave us a voice message at www.speakpipe.com/WeHaveTheReceipts Text us at (929) 487-3621 DM Chris @FatCarrieBradshaw on Instagram Follow We Have The Receipts wherever you listen, so you never miss an episode. Listen to more from Netflix Podcasts.…
DebtMatters Podcast
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Debt Matters Team and Wayne Kay에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Debt Matters Team and Wayne Kay 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
A podcast dedicated to discussing consumer and household debt and strategies and ways of dealing with uncontrolled or problematic debt. Featuring debt experts with decades of experience in helping Canadians recover from the burden of debt.
…
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146 에피소드
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Manage series 3317846
Debt Matters Team and Wayne Kay에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Debt Matters Team and Wayne Kay 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
A podcast dedicated to discussing consumer and household debt and strategies and ways of dealing with uncontrolled or problematic debt. Featuring debt experts with decades of experience in helping Canadians recover from the burden of debt.
…
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146 에피소드
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1 161 - Signs You Might Be in Financial Hardship—and What to Do Next 20:29
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Wayne Kay sits down with Derek Chase, Licensed Insolvency Trustee at Chase and Associates, to explore the warning signs of financial hardship and what Canadians can do when they spot these red flags. Key topics discussed include: Signs of financial trouble: Learn how collection calls, overdrafts, and rising debt are red flags. The emotional toll of debt: Find out how ignoring financial issues can lead to stress and strain relationships. Taking action early: Discover why addressing debt early can provide more options and prevent further damage Plus: Evaluating your finances: Learn how to take stock of your assets, debts, income, and expenses. Cutting unnecessary expenses: Tips on trimming wasteful spending to free up money fast. Avoiding high-interest loans: Understand why payday loans often worsen any money problems. “ Recognizing the signs early and taking action can mean the difference between a financial reset and financial ruin.” — Derek Chase Debt doesn’t have to feel shameful. It’s more common than you think, and there are plenty of ways to tackle it. From smarter budgeting, selling unused assets, or professional help—options are available. Listen in to learn more: Additional Resources Chase & Associates Licensed Insolvency Trustee 5 Debt Warning Signs & How to Deal With Them When Should I Seek Debt Relief?…

1 162 - Your Guide to Debt Relief: What Is a Consumer Proposal? 16:58
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Wayne Kay sits down with Derek Chase to unpack the growing rise of Consumer Proposals in Canada. Find out how they work, who qualifies, and why more Canadians are choosing them over Bankruptcy as a debt solution. Key topics discussed include: Why Consumer Proposals are gaining popularity: Look at the reasons more Canadians are turning to this option for structured debt relief and asset protection. The impact on credit: Explore how a Consumer Proposal affects your credit rating and what it means for rebuilding moving forward. Is it the right fit for you: Break down the factors to consider when deciding if a Consumer Proposal aligns with your income, debt type, assets, and financial goals. Plus: Secured vs. unsecured debt: The difference between debts tied to assets and those that aren’t—and why each requires a different repayment strategy. Alternative debt relief options in Canada: From debt consolidation to Bankruptcy, explore the full range of solutions available to Canadians. “ The key to choosing the right path is looking at your cash flow—not just this month, but the next and the one after that. ” — Derek Chase Struggling with debt doesn’t mean you’re out of options. Consumer proposals offer a practical path forward—one that’s affordable, legal, and designed to give you room to breathe. Tune into the podcast to learn how. Additional Resources Chase & Associates Licensed Insolvency Trustee Consumer Proposals: 10 Reasons It’s the Top Debt Relief Solution for BC Residents Is a Consumer Proposal Right for Me?…
The holiday season is a time for joy and celebration. Yet for many, it can also bring financial stress. In this episode, debt expert Matt Fader discusses how to avoid the common pitfalls of holiday overspending. From budgeting for predictable holiday expenses to setting realistic expectations for gift-giving, discover how you can manage the financial pressure of the season. Key Points Discussed: Holiday shopping norms: Dive into the commercial pressures that encourage overspending during the holidays. Holiday budgeting tips: Learn practical strategies for saving and seasonal preparation. Managing holiday expectations: Explore healthy holiday boundaries with family and friends to help limit financial strain. Spending impact: Find out how to prevent carrying debt into the new year. Matt also provides insights on how to make holiday memories meaningful—without focusing on material items. Ensure that the season is about experiences, not expenses. Additional Resources Vacation and Debt: 3 Ways to Enjoy a Holiday Without Breaking the Bank Holiday Debt: Recover From Your Christmas Debt Top 8 Ways to Avoid the Christmas Shopping Hangover…

1 141 - Financial Goals: Turning Financial Dreams Into Reality 18:30
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This week's Debt Matters podcast features host Wayne Kay with Matt Fader from Allan Marshall & Associates. Together they discuss the key steps needed to turn financial dreams into actionable goals. The focus centres on the importance of clear objectives and how to stay motivated throughout your savings journey. Matt also shares insights on setting realistic financial goals and how to avoid common pitfalls that might discourage you along the way (celebrate the small wins!). Listen in for practical advice on how to make progress toward financial security. Key Points Covered Include: Setting clear financial goals: Matt shows how to create clear, well-defined financial objectives and explains why this clarity helps guide saving efforts. Using good goal-tracking techniques: Matt shares practical tips on how to track your progress. He also suggests tools you can try, from pen and paper to more complex digital methods. Staying motivated: Matt teaches strategies that help you maintain focus (e.g. celebrating small milestones that boost confidence and keep a positive outlook). Earning financial flexibility: Matt touches upon the significance of allowing yourself to spend money so you avoid the trap of hoarding. Planning your emergency fund: Matt defines healthy emergency savings goals so that you have a safety net in place. For anyone who needs help making their financial dreams a reality, this episode contains the tips and tricks you need: Additional Resources Practical Budgeting Tips to Keep Your Finances on Track in 2024 Bad Money Habits and How to Break Them The 4 Best Personal Finance Apps in Canada for Debt Management & Budgeting…

1 140 - The Personal Toll of Debt and How to Overcome Financial Stress 14:55
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In this episode of the Debt Matters podcast, Wayne Kay speaks with Licensed Insolvency Trustee Derek Chase about the personal and emotional toll included with debt. Key topics discussed include: Mental health: Debt can have a lasting impact on your emotional well-being. Opportunity loss: Debt can limit or change your life trajectory and overall lifestyle. Financial stress management: Learn practical steps to manage the stress caused by debt. Coping tools: Discover the importance of physical activity and communication to manage the emotional strain of debt. Seeking advice: Reaching out to professionals or support networks for financial planning that can provide relief. DIY debt relief: Find financial planning resources that ease the debt burden. Staying calm: How to avoid rash decisions (like liquidating your assets) and earn peace throughout the debt process. If financial problems are weighing you down, listen to today's Debt Matters podcast for more insights on how to manage the emotional cost of debt. Additional Resources Chase & Associates Licensed Insolvency Trustee 5 Ways to Improve Your Finances in 2024 Debt Relief BC – Real Debt Solutions To Help With Your Debt Problem…

1 139 - Rebuilding After Divorce: A Financial Guide for Single Moms 16:42
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In this episode of the Debt Matters Podcast , host Wayne Kay speaks with Derek Chase from Chase & Associates Licensed Insolvency Trustee about the financial challenges single moms face after a divorce. Learn the steps single parents can take to rebuild their stability. Key Topics Covered: The financial impact of divorce: Divorce affects up to 40% of marriages and causes money struggles, especially for single moms. The connection between marriage and finances: Relationship changes, including divorce, are one of the leading causes of financial insolvency. Seeking advice: Professionals like accountants, investment advisors, or a Licensed Insolvency Trustee provide helpful financial assistance for single moms. They also provide debt relief for couples you divorce with debt. Initial steps for newly single parents: Learn how to take stock of your assets and liabilities and better understand your financial situation. There are even single mom grants you can take advantage of. Creating individual accounts: Open a new bank account at a different institution so you have control and protection over your finances. Establishing credit: Establish your own credit and avoid liabilities tied to your former spouse. If you are a single mom, tune in for actionable insights on how to regain financial stability post-divorce. Additional Resources Chase & Associates Licensed Insolvency Trustee Debt and Divorce: A Common Cause of Bankruptcy Debt and Dating…

1 138 - Budgeting Basics: Creating a Plan and Sticking to It 19:58
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Surveys have found that while most Canadians agree that having a budget is a good thing - less than half do. Learning how to set up a budget and stick with it lets your money know that you are taking charge. So what is the secret to budgeting? And how do you stick to the goals you have set? Licensed Insolvency Trustee, Brenda Wood shares some tips and strategies to make a realistic budget that will work for you. Topics covered are: The psychological aspect of seeing your budget work Budgeting tools - online and on paper The 4 simple steps to create a sensible budget Slippery slope of using credit cards as a form of income Using S.M.A.R.T. goal setting guidelines Creating future financial goals when you have surplus/savings If you are struggling with your finances, a Licensed Insolvency Trustee should be your first call. Regulated by the federal government of Canada, you can be assured of unbiased advice in your free initial consultation. About Brenda Wood Brenda started in the insolvency industry in 1995 and earned her Licensed Insolvency Trustee designation in 2006. She has a long history of volunteering with the Canadian Association of Insolvency and Restructuring Professionals (CAIRP) where she has served as a member and presented at events. Brenda received the CAIRP Outstanding Volunteer Award in 2012 in recognition of her service. Outside work, you’ll find Brenda at the ice rink, ball field or camping at one of the beautiful Nova Scotia campgrounds. Additional Resources Allan Marshall & Associates Licensed Insolvency Trustee Practical Budgeting Tips to Keep Your Finances on Track in 2024 My Paycheck Never Lasts: Tips For Budgeting To Cover Bills…
Whether you are applying for a new cell phone plan or a mortgage, your potential creditors want to understand your financial history and your ability to repay debt. Your credit score and report will help them decide whether they want to do business with you. But most people don’t know a lot about their credit report and credit score. Today’s podcast looks at the difference between the two and how you can improve your score. Licensed Insolvency Trustee, Brenda Wood, also covers the following topics: Why you should be checking your credit report often The difference between a hard and soft credit hit What shows up on a credit report How scores are calculated and why they fluctuate What is a credit rating and where it appears Things you can do to improve your score Licensed Insolvency Trustees are federally regulated and follow a strict code of ethics as well as government regulations. From budgeting to Bankruptcy, you can be assured of unbiased, non-judgemental advice. About Brenda Wood Brenda started in the insolvency industry in 1995 and earned her Licensed Insolvency Trustee designation in 2006. She has a long history of volunteering with the Canadian Association of Insolvency and Restructuring Professionals (CAIRP) where she has served as a member and presented at events. Brenda received the CAIRP Outstanding Volunteer Award in 2012 in recognition of her service. Outside work, you’ll find Brenda at the ice rink, ball field or camping at one of the beautiful Nova Scotia campgrounds. Additional Resources Allan Marshall & Associates Licensed Insolvency Trustee What Does Your Credit Report Say About You? Your Credit Score in Canada: What You Should Know…
Statistics show that Canadians are falling deeper into debt. With high inflation and interest rates, most of us are under a lot of financial pressure as we combat the rising cost of living. Carrying debt can put a strain on our financial health and emotional well-being but It can be hard to find the right debt relief solution. Licensed Insolvency Trustee, David Macdonald tackles this problem. Having a plan to cut your debt is the first step to becoming debt free. In this podcast David discusses: The negative connotations toward the word ‘budgeting’ Accurately identifying your expenses and income Free resources to improve your financial literacy Budgeting apps that can make your life easier The most important things NOT to do to try to lessen your debt When it’s time to talk to a professional Licensed Insolvency Trustees can help you get your finances back on track. They are considered some of the best debt professionals in the country and the only ones licensed by the federal government of Canada. About David Macdonald David Macdonald has been helping people and small business owners resolve their financial problems since 2003 in British Columbia, Alberta and the Maritime provinces. He has been retained as a trusted advisor and service provider by many of Canada’s banks, private lenders, First Nations and the CRA. David brings a practical, down-to-earth approach to his work, without judgement. In his spare time he volunteers his time to a number of charitable and non profit organizations. Additional Resources Allan Marshall & Associates Licensed Insolvency Trustee Can A Debt Management Plan Get You Back On Track? Debt Relief Options To Help You Get Out Of Debt Today…
Finding yourself with unmanageable debt doesn't usually happen overnight. It is often a slow unnoticeable process that might start with being a few hundred dollars short every month. But the sooner you take action, the more options will be available. You’ll have the ability to make decisions before your creditors do. If you think you are alone in this scenario, you would be mistaken. Licensed Insolvency Trustee, David Macdonald talks about taking a good look at your finances. How do you know how much debt is too much debt? David also covers: Debt statistics - what happened after the pandemic The role banks are playing in the debt crisis Warning signs that let you know it’s time to seek professional help Using credit for day to day expenses Is overdraft protection really protecting you? Options that can help break the debt cycle Resources that can help with financial literacy Federally regulated, Licensed Insolvency Trustees are knowledgeable in all aspects of debt management. You can be assured you are receiving the best unbiased advice from these knowledgeable debt professionals. About David Macdonald David Macdonald has been helping people and small business owners resolve their financial problems since 2003 in British Columbia, Alberta and the Maritime provinces. He has been retained as a trusted advisor and service provider by many of Canada’s banks, private lenders, First Nations and the CRA. David brings a practical, down-to-earth approach to his work, without judgement. In his spare time he volunteers his time to a number of charitable and non profit organizations. Additional Resources Allan Marshall & Associates Licensed Insolvency Trustee Financial Management: Warning Signs Of Financial Problems Solutions to Financial Problems – Free Consultation & Debt Services…
Owing the Canada Revenue Agency (CRA) money can be overwhelming. This government agency has greater powers to collect compared to other creditors. What do you do when you simply cannot pay your outstanding tax debt? The good news is that there are ways that you can overcome debts owing to the CRA. In this podcast, Licensed Insolvency Trustee Leigh Taylor talks about the importance of filing your taxes and the steps you can take when you are unable to pay your outstanding taxes. Leigh also covers: How to avoid tax debt and consequences of not filing Solutions available if your tax debt is insurmountable Including tax debt when filing Bankruptcy or a Consumer Proposal Tax laws for self employment, PST and GST tax remittances What happens when tax debt is ignored Contacting a Licensed Insolvency Trustee to explore options Licensed Insolvency Trustees are federally regulated and experts in debt management solutions. They offer a free initial consultation at which time they will go through all the options available to you to help you break free from the cycle of debt. About Leigh Taylor Leigh began his career as an Official Receiver with the Office of the Superintendent of Bankruptcy. He is a Certified Professional Accountant and attained his license as a Licensed Insolvency Trustee in 1980. LCTaylor’s mission is to help people get out of debt through compassionate care and professional service. With over 40 years experience in the insolvency field, Leigh and his staff have helped over 50,000 Manitobans solve their debt problems. Additional Resources LCTaylor Licensed Insolvency Trustee CRA Debt: What You Need to Know and How to Resolve It Tax Debt: Looking into Unfiled Tax Returns in Canada…
Everywhere you turn there is another report or survey about Canadian’s record high indebtedness. And alongside those reports we are inundated with offers to help. But be cautious and know that the only debt relief program administered by the federal government is a Consumer Proposal. And the only professional who can file a Proposal is a Licensed Insolvency Trustee. If you are exploring your options, here is a good place to start. Licensed Insolvency Trustee, Leigh Taylor has been helping people with their debt for over 40 years. In this podcast he talks about: Recovering from overwhelming debt Basic budgeting and long term budgeting How Consumer Proposals work and the key to having them accepted Stay of Proceeding that automatically stops collection activities Do-it-yourself proposals - advantages and disadvantages Licensed Insolvency Trustees are certified from the Office of the Superintendent of Bankruptcy and are authorized to deal with creditors to negotiate debt repayment. They provide a free initial consultation and their fees are determined by the federal government. About Leigh Taylor Leigh began his career as an Official Receiver with the Office of the Superintendent of Bankruptcy. He is a Certified Professional Accountant and attained his license as a Licensed Insolvency Trustee in 1980. LCTaylor’s mission is to help people get out of debt through compassionate care and professional service. With over 40 years experience in the insolvency field, Leigh and his staff have helped over 50,000 Manitobans solve their debt problems. Additional Resources LCTaylor Licensed Insolvency Trustee Four Things a Consumer Proposal Can Do for You 5 Ways to Get Manitoba Debt Help: Your Key to Debt Relief…

1 132 - Breaking the Cycle: Strategies for Managing Debt Amidst Daily Expenses 17:41
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Debt cycles are easy to fall into but with a little planning and some discipline, you don’t have to keep spinning your wheels. Acknowledging that you’re trapped in a cycle of debt is a good place to start. In this timely podcast, Licensed Insolvency Trustee, Derek Chase, talks about strategies for managing debt. Other topics covered include: Payday loans and line of credit traps. Looking deeper into Intergenerational debt cycles Strategies to build momentum for savings Ways to increase your financial literacy Importance of a cash flow review If you are looking for a way to break your debt cycle, speak with a Licensed Insolvency Trustee and be assured that you will get qualified advice. They are regulated and licensed by the Canadian government and will give you information you can trust. About Derek Chase Derek Chase is a Licensed Insolvency Trustee in British Columbia. He has been helping individuals and corporations restructure their debt since 1997. His areas of practice include personal and corporate insolvency including Consumer Proposals and Bankruptcy. The best part of his work is to be able to witness lives change for the better when the heavy burden of unmanageable debt is lifted. Additional Resources Chase & Associates Licensed Insolvency Trustee How to Break the Debt Cycle When Should I Seek Debt Relief?…

1 131 - The Benefits of Meeting with a Local Licensed Insolvency Trustee 16:05
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If you are already under stress as a result of your financial situation, it’s difficult to decide where to turn when looking for debt relief. Meeting with someone in person who has an office where you live can be helpful. Licensed Insolvency Trustee, Derek Chase explains the benefits of seeking out a local Trustee firm that you feel comfortable with. Meeting face to face can be reassuring, avoiding the pitfalls of doing business on the internet. Derek also discusses: The benefits of consulting with a Licensed Insolvency Trustee The strict code of ethics LIT’s must follow Why Bankruptcy is the last option discussed When to seek help Getting fair and honest advice from a local LIT Licensed Insolvency Trustees are federally regulated and experts in debt management solutions. They follow a strict code of ethics as well as government regulations. About Derek Chase Derek Chase is a Licensed Insolvency Trustee in British Columbia. He has been helping individuals and corporations restructure their debt since 1997. His areas of practice include personal and corporate insolvency including Consumer Proposals and Bankruptcy. The best part of his work is to be able to witness lives change for the better when the heavy burden of unmanageable debt is lifted. Additional Resources Chase & Associates Licensed Insolvency Trustee Code of Ethics for Licensed Insolvency Trustees Three Things to Know About Insolvency…

1 130 - How to Respond to Collection Notices and Protect Your Credit 14:47
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Anyone can fall behind on debt payments especially in these uncertain economic times. Having unpaid debt turned over to a debt collector is a worst-case scenario for the majority of Canadians. But when this happens, it’s important to know how to minimize the impact if a debt collection agency does come calling. Licensed Insolvency Trustee, Mary-Ann Marriott knows that having a debt collector call can put more pressure on top of the debt itself. In this podcast she talks about: The first thing you need to do when you get a call Why you need to keep a log of all communication The options available when an account is in collections How to negotiate a settlement When to contact a lawyer Reducing the impact on your credit score Where to find out about your rights Licensed Insolvency Trustees are considered to be the best debt advisors in the country and are licensed by the federal government of Canada. If you are concerned about your debt, book a free consultation to find out what options are available to you. They can help get your finances back on track. About Mary-Ann Marriott Mary-Ann Marriott has been working in the insolvency field for over 25 years. She received her Chartered Insolvency & Restructuring Professional designation in 2005 and her Licensed Insolvency Trustee license in 2014. Mary-Ann is passionate about helping people become financially literate. She feels honoured to be able to help individuals discover solutions to overwhelming situations and find peace-of-mind in their lives. Additional Resources Allan Marshall & Associates Licensed Insolvency Trustee How Should I Handle Creditor Calls and Harassment? Rebuilding Credit: How Long Will It Take to Get My Credit Back?…
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DebtMatters Podcast

1 129 - How Bankruptcy Works for Individuals vs. Businesses in Canada 16:42
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Thousands of Canadian businesses exit the marketplace every year whether through filing Bankruptcy or just closing their doors. Many more are on a razor’s edge with the rising cost of servicing their debt due to higher interest rates. Today’s podcast looks at the cost of putting a business through Bankruptcy and other options that may be available. Licensed Insolvency Trustee, Mary-Ann Marriott also discusses how individual Bankruptcy differs from business Bankruptcy. Other topics covered: When filing for Bankruptcy is the best option Difference between filing as a sole proprietor vs an incorporated business Number one mistake businesses make when in financial trouble Process involved in filing a Business Bankruptcy What happens when business loans are personally guaranteed How to protect yourself when starting out Federally regulated, Licensed Insolvency Trustees are knowledgeable in all aspects of debt management. If you are considering filing for Bankruptcy, either personal or business, you can be assured they will have your best interest in mind. About Mary-Ann Marriott Mary-Ann Marriott has been working in the insolvency field for over 25 years. She received her Chartered Insolvency & Restructuring Professional designation in 2005 and her Licensed Insolvency Trustee license in 2014. Mary-Ann is passionate about helping people become financially literate. She feels honoured to be able to help individuals discover solutions to overwhelming situations and find peace-of-mind in their lives. Additional Resources Allan Marshall & Associates Licensed Insolvency Trustee Are You a Small Business Owner? What You Need to Know About Business Bankruptcy and Other Options Canadian Business Bankruptcies Surge – Support Your Local Small Businesses…
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DebtMatters Podcast

While most Canadians view student loans as an investment rather than an expense, they can become a burden after graduation. As the years go by and more unsecured debt is added, it can be a struggle to keep up. If you are contemplating filing for personal Bankruptcy in the hopes of discharging your student loan debt, you need to make sure your timing is right. Licensed Insolvency Trustee, Francyne Myers goes through the rules for including student loans in a Bankruptcy. She also discusses: The seven- year rule The importance of accurate study period ending dates When it makes sense to keep paying student loans Single date approach & multiple date apreach The 5 year court application rule Chances of obtaining further student loans after Bankruptcy If you are unsure of where to turn, a Licensed Insolvency Trustees should be your first call. They are considered some of the best debt professionals in the country and the only ones licensed by the federal government of Canada. The initial consultation is always free and you can be assured that you will receive unbiased advice. About Francyne Myers In 2012, Francyne left her 23 year public service career and joined Allan Marshall & Associates where she completed her education and became a Licensed Insolvency Trustee in 2013. Alongside with her work she is actively involved in her local Trustee Association. In her spare time Francyne can be found fishing and spending time with her family. Additional Resources Allan Marshall & Associates Licensed Insolvency Trustee Student Loan Repayments: What to Do to Afford Them National Student Loans: How Repayment Assistance Plan (RAP) Works…
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DebtMatters Podcast

1 127 - Can You Switch Between Bankruptcy and Consumer Proposal 19:59
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Under the Canadian Bankruptcy & Insolvency Act there are two options that allow consumers to eliminate debt, filing a Bankruptcy or a Consumer Proposal. The option you chose is based on your personal situation at the time of filing. But what happens if your financial circumstances change? Can you switch from a Bankruptcy to a Consumer Proposal or if you have filed a Consumer Proposal can you change to a Bankruptcy? When would it make sense to switch? Licensed Insolvency Trustee, Francyne Myers walks us through these two debt relief options and explains when it may be beneficial to have your LIT make the change. She also discusses: How an inheritance, sudden windfall or increase in your salary could affect your insolvency Three options you have if you can’t keep up with your Consumer Proposal payments Advantages and disadvantages of making changes How your credit score will be affected when you make a switch Why it’s important to work closely with your LIT to make the right choices Licensed Insolvency Trustees are regulated by the federal government of Canada and are the only professionals who can administer a Consumer Proposal or Bankruptcy. With their extensive knowledge, you can be assured they will give you honest advice to help you make the best possible decision. About Francyne Myers In 2012, Francyne left her 23 year public service career and joined Allan Marshall & Associates where she completed her education and became a Licensed Insolvency Trustee in 2013. Alongside with her work she is actively involved in her local Trustee Association. In her spare time Francyne can be found fishing and spending time with her family. Additional Resources Allan Marshall & Associates Licensed Insolvency Trustee Understanding the Top 5 Reasons for Declaring Bankruptcy What Is the Consumer Protection Act?…
Living paycheque to paycheque can be stressful, to say the least. A recent poll by Leger found that almost half of Canadians are living that way. Stepping off that treadmill is possible with a few sacrifices and a bit of hard work. Licensed Insolvency Trustee, Leigh Taylor talks about the paycheque trap - how it can slowly happen if we don’t pay close attention and become a bit more proactive. He also discusses: Advertising tricks we may not be aware of The slippery slope that can lead to debt problems How lack of budgeting can be one of the biggest factor Steps to creating a realistic budget High interest lenders Talking to a Licensed Insolvency Trustee to find out your options You can be assured that the advice you receive from a Licensed Insolvency Trustee will be unbiased and have your best interests in mind. They are licensed by the federal government and follow a strict code of ethics. About Leigh Taylor Leigh began his career as an Official Receiver with the Office of the Superintendent of Bankruptcy. He is a Certified Professional Accountant and attained his license as a Licensed Insolvency Trustee in 1980. LCTaylor’s mission is to help people get out of debt through compassionate care and professional service. With over 40 years experience in the insolvency field, Leigh and his staff have helped over 50,000 Manitobans solve their debt problems. Additional Resources LCTaylor Licensed Insolvency Trustee 9 Debt Warning Signs to Watch Out for How to Get Out of Debt Fast: Debt Help for Your Debt Problems…
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DebtMatters Podcast

Even though Canada’s economy is thriving in many ways, the rising cost of living is putting pressure on Canadian’s finances. As the price of goods continues to rise, household budgets are getting squeezed from all angles. Rising inflation is affecting most of us and in this podcast, Licensed Insolvency Trustee, Leigh Taylor discusses how we can protect ourselves. Topics covered: How the cost of living is measured by the consumer price index Deflation and the effects on the economy How quantitative easement controls inflation Ways to protect ourselves as the cost of living rises Talking to a Licensed Insolvency Trustee sooner rather than later Federally regulated, Licensed Insolvency Trustees should be the first call you make when you are struggling with unmanageable debt. They will discuss with you all the options available to you and help you determine the best way forward. Your initial consultation is always free. About Leigh Taylor Leigh began his career as an Official Receiver with the Office of the Superintendent of Bankruptcy. He is a Certified Professional Accountant and attained his license as a Licensed Insolvency Trustee in 1980. LCTaylor’s mission is to help people get out of debt through compassionate care and professional service. With over 40 years experience in the insolvency field, Leigh and his staff have helped over 50,000 Manitobans solve their debt problems. Additional Resources LCTaylor Licensed Insolvency Trustee How Your Habits Can Impact Your Finances Maximum Rent Increases In Manitoba…
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DebtMatters Podcast

1 124 - Consumer Proposal vs. Bankruptcy: Making the Right Decision for Your Financial Future 15:11
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The top 2 insolvency options that provide debt relief in Canada are personal Bankruptcy and Consumer Proposals. Both resolve debt problems and provide legal protection from your creditors. However, they are significantly different from each other. Everyone’s situation is different and there is no one size fits all solution in determining which is the best option for you. Your assets, income and the total amount of debt are some of the key factors to be considered. In this podcast, Licensed Insolvency Trustee, Julie Drane looks at the differences and how she helps determine the best way forward. Topics include: When a filing a Bankruptcy is the best option When filing a Consumer Proposal is better The effect on your credit rating Paying your Consumer Proposal off quicker How choosing to file Bankruptcy or a Consumer Proposal can affect different professions and the ability to sit on a board Licensed Insolvency Trustees are regulated by the federal government of Canada and are the only professionals who can administer a Consumer Proposal or Bankruptcy. With their extensive knowledge, you can be assured they will give you honest advice to help you make the best possible decision. About Julie Drane Julie began her career in the insolvency industry in 1997 with Canada Trust, Citi Financial and then with a corporate trustee. She achieved her goal of becoming a Licensed Insolvency Trustee in 2008 and now focuses on consumer insolvency. Julie’s depth of knowledge and commitment to service allows her clients to find the best option for a fresh start. She is now working in the Victoria, BC offices. Additional Resources Allan Marshall & Associates Licensed Insolvency Trustee Debt Consumer Proposal: What Types of Debt Can It Pay Off? Considering Hiring a Financial Advisor to Help Manage Your Money? Here’s What You Need to Know…
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DebtMatters Podcast

1 123 - Facing Bankruptcy: What to Do Before, During and After You File 17:30
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The mere mention of the word Bankruptcy can send shivers down most people’s spines, but it doesn’t have to be a scary process. As with most fears, they stem from the ‘unknown’. Most people who have been through a Bankruptcy don’t tend to share their experiences. This podcast is meant to lift the curtain on this debt relief option and take the mystery out of it. Julie Drane, Licensed Insolvency Trustee describes the steps involved, before, during and after you have filed for Bankruptcy. She discusses: How to tell when it’s time to seek help Steps you should take before filing for Bankruptcy Process of filing with your Licensed Insolvency Trustee What a Stay of Proceeding does Rebuilding credit after your discharge If you are unsure of where to turn, a Licensed Insolvency Trustees should be your first call. They are considered some of the best debt professionals in the country and the only ones licensed by the federal government of Canada. The initial consultation is always free and you can be assured that you will receive unbiased advice. About Julie Drane Julie began her career in the insolvency industry in 1997 with Canada Trust, Citi Financial and then with a corporate trustee. She achieved her goal of becoming a Licensed Insolvency Trustee in 2008 and now focuses on consumer insolvency. Julie’s depth of knowledge and commitment to service allows her clients to find the best option for a fresh start. She is now working in the Victoria, BC offices. Additional Resources Allan Marshall & Associates Licensed Insolvency Trustee Why You Should Open a New Bank Account Before Filing a Bankruptcy or Consumer Proposal FAQ about Bankruptcy…
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DebtMatters Podcast

It has been said that money can be like a silent third partner in a relationship. Whether you’re married or just starting to get serious with someone, it’s a good idea to cultivate open and honest communication about your financial situation. Licensed Insolvency Trustee, Bonnie Hooley has had a lot of experience with couples, helping them navigate their unmanageable debt. She understands how much stress debt can put on a relationship. Today she talks about: Partnering with someone who is in debt Separate finances as opposed to joint accounts How shared assets are dealt with in an insolvency Discussing finances and spending habits before committing to a relationship Dealing with financial differences. How Bankruptcy may be a saving grace in a relationship If your finances are causing stress in your relationship, consult with a Licensed Insolvency Trustee where you live. They will explore all options with you and help you make a decision on the best way forward. Licensed and regulated by the Canadian government, you can be assured you are getting the best unbiased advice. About Bonnie Hooley Bonnie Hooley has worked in the insolvency field for over 40 years. She attained her Licensed Insolvency Trustee license in 1999 and is the Past President of the Manitoba Association of Insolvency and Restructuring Professionals (MAIRP). Over the years, she has served on various boards within her community. Additional Resources LCTaylor Licensed Insolvency Trustee Leaving Debt Behind: What Happens to Debt When You Die Will Bankruptcy affect my spouse?…
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DebtMatters Podcast

1 121 - What Causes Bankruptcy and What Are the Consequences? 18:11
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Debt is on the rise as Canadians deal with surging prices and interest rates. Many may not realize that they’re on the precipice, only making their minimum payments on a large amount of debt. But all it takes is one major change for the house of cards to fall. In this timely podcast, Licensed Insolvency Trustee, Bonnie Hooley talks about the causes of Bankruptcy - taking the judgment out and knowing that when we have credit, Bankruptcy can happen to anyone. Bonnie also discusses: Seeing Bankruptcy as a tool for honest but unfortunate debtors to get back on track How changes in life’s circumstances can be a contributing factor Societal factors are not the only causes of Bankruptcy A common mistake that can lead to self employed insolvency Small business versus corporate Bankruptcy The role of counselling sessions and why they are important If you are struggling with your debt, Licensed Insolvency Trustees can help. They are licensed by the federal government of Canada and the only professionals who can administer Consumer Proposals and Bankruptcies. About Bonnie Hooley Bonnie Hooley has worked in the insolvency field for over 40 years. She attained her Licensed Insolvency Trustee license in 1999 and is the Past President of the Manitoba Association of Insolvency and Restructuring Professionals (MAIRP). Over the years, she has served on various boards within her community. Additional Resources LCTaylor Licensed Insolvency Trustee $200 Away from Bankruptcy Answers to the 7 Most Important Bankruptcy Questions…
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DebtMatters Podcast

1 120 - Get Your Finances Back on Track With a Debt Management Plan 17:31
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Being in debt doesn’t mean that you are bad at budgeting or don’t know how to manage your money. Right now, debt is affecting most Canadians. Having a plan to follow can help you pay off your debt faster so you can regain financial stability. In this podcast, Licensed Insolvency Trustee, Amanda Sherwood talks about how to create an effective debt management plan. She covers: What debt management means and where to start Savings versus debt repayment - incorporating both into your plan How much debt is too much debt Checking out your bank for the options available for you Apps and computer programs to assist you How cancelling credit cards can affect your credit score. Federally regulated, Licensed Insolvency Trustees are knowledgeable in all aspects of finances and debt management. You can be assured you are receiving the best unbiased advice from these,debt professionals. About Amanda Sherwood Amanda started with Allan Marshall and Associates in 2008 as an Estate Administrator. She has since received her Chartered Insolvency & Restructuring Professional (CIRP) and her Licensed Insolvency Trustee (LIT) designation in 2022. The most rewarding part of her job, Amanda says, is hearing her clients say how relieved they are after meeting with their office. She reminds everyone that they are not alone and that help is available to get relief from insurmountable debt. Additional Resources Allan Marshall & Associates Licensed Insolvency Trustee How New Brunswick Household Debt Compares to the Rest of Canada Debt Management: Read This First!…
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DebtMatters Podcast

1 119 - How Fear of Bankruptcy Can Keep You Financially Stuck 17:39
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Canadians’ debt is on the rise with increased interest rates and the soaring costs of living resulting in many teetering on the brink of insolvency. Still, most people cling to the notion that Bankruptcy only happens to 'deadbeats', but nothing could be further from the truth. In this podcast Licensed Insolvency Trustee, Amanda Sherwood dispels some of the myths surrounding Bankruptcy. She addresses the fears around this debt relief option. Amanda also discusses: Looking at Bankruptcy as a tool that will reset your finances How and when to speak to your bank Licensed Insolvency Trustee’s role is to mediate between you and your creditors The number one myth that you will lose everything How the Bankruptcy process is tailored to individual situations If you are struggling with your finances, Licensed Insolvency Trustees can help. They are considered some of the best debt advisors in the country and the only ones licensed by the federal government of Canada. About Amanda Sherwood Amanda started with Allan Marshall and Associates in 2008 as an Estate Administrator. She has since received her Chartered Insolvency & Restructuring Professional (CIRP) and her Licensed Insolvency Trustee (LIT) designation in 2022. The most rewarding part of her job, Amanda says, is hearing her clients say how relieved they are after meeting with their office. She reminds everyone that they are not alone and that help is available to get relief from insurmountable debt. Additional Resources Allan Marshall & Associates Licensed Insolvency Trustee Money and Stress: Connecting the Dots When Is the Right Time to Declare Personal Bankruptcy?…
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DebtMatters Podcast

Owning a home has traditionally been a solid form of investment. But with inflation at an all-time high, interest rate hikes are beginning to cause a slowdown in the real estate market. As the market continues to fall, many recent buyers are beginning to regret their decision to buy. In today’s podcast, Licensed Insolvency Trustee, Matt Fader, addresses the widespread remorse that is building as many Canadians face the prospect of renewing their mortgages. He offers suggestions about how to prepare and be proactive with your finances before your renewal date. Additional topics covered are: How did we get here The true cost of home ownership versus renting Pitfalls of a Home Equity Lines Of Credit (HELOC) Preparing and budgeting for increased mortgage payments Why consult with an LIT to review your options before things fall apart If you are struggling to pay your mortgage, contact a Licensed Insolvency Trustee. They are debt professionals that will review your overall finances and go through all the options available to you. Licensed by the federal government of Canada, you can be assured of honest advice. About Matthew Fader Matthew has worked in the insolvency field since 2005 and joined Allan Marshall and Associates in 2017. His positive outlook helps reassure his clients with any financial insecurities they may have. Matt’s goal is to ensure that everyone has the best possible experience and is treated with respect. Additional Resources Allan Marshall & Associates Licensed Insolvency Trustee The Cost of Living in B.C. Versus The Rest of Canada Buy vs Rent: Is Homeowernship a Cheaper Option?…
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DebtMatters Podcast

1 117 - How Do I Pay Off Debt When Living Paycheck to Paycheck 19:32
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The latest polls have found that nearly half of Canadians are living paycheck to paycheck as the cost of living continues to rise. Household budgets are getting squeezed causing debt levels to increase. Once you find how much money you need to stay on top of your expenses, you’ll either need to make sacrifices or find a way to increase your income. Licensed Insolvency Trustee, Matthew Fader discusses options and strategies to break the cycle of living paycheque to paycheque. He covers: Where to start The psychological component of money management Identifying recurring and occasional expenses Is the shortfall is due to spending issues or insufficient income Pros and cons of consolidation loans versus a line of credit Consulting with an LIT to help evaluate your options and find a solution Licensed Insolvency Trustees are considered to be the best debt advisors in the country and the only ones licensed by the federal government of Canada. They can help you navigate a path forward to becoming debt free. About Matthew Fader Matthew has worked in the insolvency field since 2005 and joined Allan Marshall and Associates in 2017. His positive outlook helps reassure his clients with any financial insecurities they may have. Matt’s goal is to ensure that everyone has the best possible experience and is treated with respect. Additional Resources Allan Marshall & Associates Licensed Insolvency Trustee My Paycheck Never Lasts: Tips For Budgeting To Cover Bills A Budget Plan Prevents You From Living Beyond Your Means…
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DebtMatters Podcast

1 116 - Canada's Food Price Report Predicts Prices Will Rise - What You Can Do 16:38
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A new report predicts that all food categories could rise by as much as 4.5% in 2024. This may mean that we need to be more diligent in how and where we shop and look for new opportunities to save on our grocery bills. This podcast features, LIT Derek Chase, strategizing ways we can fight back and be more creative with our food budget. Topics include: Finding out what you are been paying for food in a month The resurgence of canning, growing food and batch cooking Best times of the day to shop Trading resources and networking on social media How an LIT can help when you are struggling with your finances About Derek Chase Derek Chase is a Licensed Insolvency Trustee in British Columbia. He has been helping individuals and corporations restructure their debt since 1997. His areas of practice include personal and corporate insolvency including Consumer Proposals and Bankruptcy. The best part of his work is to be able to witness lives change for the better when the heavy burden of unmanageable debt is lifted. Additional Resources Chase & Associates Licensed Insolvency Trustee Everything You Need to Know About Canadian Inflation Rates & Hyperinflation Household Debt and Insolvencies are Surging in Canada…
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DebtMatters Podcast

The end of the year is a good time to reflect on the past year, not only on your physical fitness or weight but also on your finances. There may not be much you can do to control the uncertainties of the economy but you can create a plan to help you achieve your financial goals. This podcast gives you some steps to help set your finances on the right track for 2024. Licensed Insolvency Trustee, Derek Chase talks about: 5 things you can do to improve your finances Ways to reduce your expenses Evaluating your financial goals How to start saving even though it may seem impossible Steps to take if you are under too much financial pressure You can be assured that the advice you receive from a Licensed Insolvency Trustee will be unbiased and have your best interests in mind. They are licensed by the federal government and follow a strict code of ethics. About Derek Chase Derek Chase is a Licensed Insolvency Trustee in British Columbia. He has been helping individuals and corporations restructure their debt since 1997. His areas of practice include personal and corporate insolvency including Consumer Proposals and Bankruptcy. The best part of his work is to be able to witness lives change for the better when the heavy burden of unmanageable debt is lifted. Additional Resources Chase & Associates Licensed Insolvency Trustee Grocery Shopping Tips: Eat Your Way to Healthy Finances 5 Spending Habits That Will Keep You Poor…
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DebtMatters Podcast

Debt is a normal part of life for most people. Recent data from StatsCan shows that only 30.2% Canadians live debt free. But how much debt is too much and how do you know when it’s time to reach out for help? These are the questions Licensed Insolvency Trustee, Mark Marshall answers in this timely podcast. Other topics covered are: Warning signs to watch out for Using credit for short term pleasure creating long term payments Asking your financial institution for a line of credit What happens when you file a Consumer Proposal or Bankruptcy Why you should reach out to a Licensed Insolvency Trustee Where to find information and resources. Licensed Insolvency Trustees will give you honest advice about all the options that are available for your unique financial situation. They are federally regulated and licensed by the Canadian government. Get the help you need from an experienced debt expert. About Mark Marshall Mark Marshall has been working in the insolvency field for 20 years. He received his Licensed Insolvency Trustee accreditation in 2012 and has also been an active board member with Music NB. He endeavors to give each client he meets advice on all of their available options so they can proceed with the knowledge they need to make an informed decision. Additional Resources Allan Marshall & Associates Licensed Insolvency Trustee Reduce Your Financial Stress & Experience Debt Relief Which Canadian Debt Relief Program Can Help Me Eliminate My Debt?…
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DebtMatters Podcast

A recent Leger poll taken in September 2023 has found that nearly half of Canadians are living paycheque to paycheque as the cost of living continues to rise. Skyrocketing inflation means that there is less money available to save for emergencies or retirement. Is there a way to break this cycle? Licensed Insolvency Trustee, Mark Marshall, talks about strategies that can help find unnecessary expenses to cut to save money. Mark also covers: How to track your expenses Asking for an increase in your wage Paying yourself first Putting money into a savings account that is difficult to access When to contact a Licensed Insolvency Trustee Federally regulated, Licensed Insolvency Trustees are knowledgeable in all aspects of finances and debt management. You can be assured you are receiving the best unbiased advice from these knowledgeable debt professionals. About Mark Marshall Mark Marshall has been working in the insolvency field for 20 years. He received his Licensed Insolvency Trustee accreditation in 2012 and has also been an active board member with Music NB. He endeavors to give each client he meets advice on all of their available options so they can proceed with the knowledge they need to make an informed decision. Additional Resources Allan Marshall & Associates Licensed Insolvency Trustee Household Debt in Canada is on the Rise Consumer Debt in Canada…
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DebtMatters Podcast

With rising interest rates, paying off debt can feel like it has to be your only financial priority. But should you not be saving for those unexpected expenses that keep popping up? How do you build financial resilience in these challenging times? Savings versus paying down debt, it’s a balancing act. Licensed Insolvency Trustee, Mary-Ann Marriot talks about strategies you can use to do both at the same time. He also discusses: Finding out and tracking the expenses you are using credit for Typical savings objectives divided into 3 categories Advantages of using multiple bank accounts Common mistakes we make when saving Options to consider when your income is not meeting your expenses Licensed Insolvency Trustees are federally regulated and governed by the Canadian government. You can be assured you are receiving the best unbiased advice from these debt professionals. About Mary-Ann Marriot Mary-Ann Marriot has been working in the insolvency field for over 25 years. She received her Chartered Insolvency & Restructuring Professional designation in 2005 and her Licensed Insolvency Trustee license in 2014. Mary-Ann is passionate about helping people become financially literate. She feels honoured to be able to help individuals discover solutions to overwhelming situations and find peace-of-mind in their lives. Additional Resources Allan Marshall & Associates Licensed Insolvency Trustee What Happens if I Can’t Pay My Credit Card Bills? Late Payments & Credit Scores Debt Podcasts…
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DebtMatters Podcast

1 111 - Paying Off Your Credit Card With a Lower-Rate Card 15:39
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Credit card spending in Canada has reached a historically high level. With such high demands for credit, credit card companies are finding ways to be more competitive. Some offer lower-interest or no-interest cards for a limited time when you do a balance transfer. But is it a good idea to pay one credit card down with another? Today, Licensed Insolvency Trustee, Mary-Ann Marriot, discusses low-interest credit cards and how to make them work for you. She also answers the questions: How will my credit score be affected? Should I cancel my credit card once it’s paid off? Would a consolidation loan be a better option? Where can I get a low-interest or no-interest credit card? Is it beneficial to increase my credit limit? What is the optimum percentage of credit utilization to get a good credit score? If you are struggling to keep up with your credit payments, talking to a Licensed Insolvency Trustee can help. They are qualified debt professionals that offer resources and strategies to improve your financial well-being. About Mary-Ann Marriot Mary-Ann Marriot has been working in the insolvency field for over 25 years. She received her Chartered Insolvency & Restructuring Professional designation in 2005 and her Licensed Insolvency Trustee license in 2014. Mary-Ann is passionate about helping people become financially literate. She feels honoured to be able to help individuals discover solutions to overwhelming situations and find peace-of-mind in their lives. Additional Resources Allan Marshall & Associates Licensed Insolvency Trustee Can I Pay Off A Credit Card With Another Credit Card Or Line Of Credit? 8 Tips to Take Charge of Your Finances During Financial Literacy Month…
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DebtMatters Podcast

Personal Bankruptcy is a legal process overseen by the federal government to help Canadians who can’t afford to repay their debts find debt relief. The number of people struggling with insolvency has increased substantially as the cost of living remains high. No-one really wants to go bankrupt but as Licensed Insolvency Trustee, Derek Chase explains, Bankruptcy can be viewed as a tool to help fix your finances. This podcast answers some of the most frequently asked questions about this debt relief option. Will I lose my paycheque? Which of my assets are exempt? Will someone come to my house and inventory my belongings? Will I have to go to court? What happens to my vehicle? What will life be like in the months that I am in Bankruptcy? Before you make any decisions about how to deal with your debt, consulting with a Licensed Insolvency Trustee will assure you that all options will be explored. Bankruptcy is just one of the solutions available to Canadians. Your initial consultation with a Trustee is free. About Derek Chase Derek Chase is a Licensed Insolvency Trustee in British Columbia. He has been helping individuals and corporations restructure their debt since 1997. His areas of practice include personal and corporate insolvency including Consumer Proposals and Bankruptcy. The best part of his work is to be able to witness lives change for the better when the heavy burden of unmanageable debt is lifted. Additional Resources Chase & Associates Licensed Insolvency Trustee Is Bankruptcy a Bad Thing? Personal Bankruptcy Facts: How to Declare Bankruptcy…
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DebtMatters Podcast

With the cost of living consistently increasing, many Canadians are stretched thin and trying to prioritize where their money is going. Saving for your child's education makes good financial sense and starting early means your money has more time to work for you. Canadian parents have a powerful savings tool to help. In today’s episode, Licensed Insolvency Trustee, Derek Chase, talks about how to save for your child’s education. Derek covers these topics and more: Benefits of starting a Registered Education Savings Plan (RESP) Family and friends contribution to your child’s RESP Setting up pre-authorized debits to go to savings each month Benefits of compound interest received through your RESP When budgets are maxed out - planning in 5 year increments Licensed Insolvency Trustees are federally regulated and approved by the Canadian government.You can be assured you are receiving the best unbiased advice from these knowledgeable debt professionals. About Derek Chase Derek Chase is a Licensed Insolvency Trustee in British Columbia. He has been helping individuals and corporations restructure their debt since 1997. His areas of practice include personal and corporate insolvency including Consumer Proposals and Bankruptcy. The best part of his work is to be able to witness lives change for the better when the heavy burden of unmanageable debt is lifted. Additional Resources Chase & Associates Licensed Insolvency Trustee Spring into Savings: Way to Save Money and Reach Your Financial Goals Help With Student Loan Debt…
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DebtMatters Podcast

1 108 - The Different Types of Debt Licensed Insolvency Trustee Deal With 19:15
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All debts are not created equal. The kind of debt you hold may affect your options when you seek help. Most debt falls into two categories: secured and unsecured. And before you come up with a plan to pay your debt, it’s important to understand how different types of debt work. Everyone’s financial situation is unique and for that reason there is no one-size-fits-all solution. A Licensed Insolvency Trustee is the only debt professional that is required by law to explain all the debt relief options that are available to you. This podcast looks at the different types of debt and which are eliminated when you file a Bankruptcy. LIT Genn Steiner also discusses: The difference between secured and unsecured debt Tax debt and when it can and cannot be included in Bankruptcy How EI overpayments are dealt with Giving false information leading to fraud charges Examples of real life scenarios Licensed Insolvency Trustees can help you take control of your debt. They are considered some of the best debt advisors in the country and the only ones licensed by the federal government of Canada. About Glenn Steiner Glenn received his Trustee license in 1998, working in various departments in the public service for 30 years. Since 2011 he has been working in the private sector in Alberta as a Licensed Insolvency Trustee. Born and raised in Saskatchewan, Glen has a passion for helping people. He walks them through the various financial options, allowing them to make life changes that can give them a fresh start. Additional Resources Allan Marshall & Associates Licensed Insolvency Trustee Debt Services for Canadians: How a Licensed Insolvency Trustee Can Help You Take Control of Your Debt Licensed Insolvency Trustee Services – Become Debt Free…
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DebtMatters Podcast

The Bankruptcy process gives you the chance to reestablish your financial security. Receiving a discharge is the final step and means you are released from all obligations to repay all debts in your Bankruptcy filing. You can then start to rebuild your credit score. A record of your Bankruptcy will remain on your credit report for 6 years after your discharge for a first time Bankruptcy. You will have the ability to begin rebuilding your credit score even before your discharge. Licensed Insolvency Trustee, Glenn Steiner, discusses what life will be like after you have been discharged from your Bankruptcy. He also discusses: Debts that are not included in a Bankruptcy filing The importance of a good credit rating and how to start rebuilding it What to do if the information at the credit bureau is wrong Teaching your kids about savings and the difference between needs and wants 2 mandatory counselling sessions to help you get back on your feet Licensed Insolvency Trustees are licensed by the federal government and provide unbiased debt advice. They are the only professionals that can file a Bankruptcy or a Consumer Proposal. About Glenn Steiner Glenn received his Trustee license in 1998, working in various departments in the public service for 30 years. Since 2011 he has been working in the private sector in Alberta as a Licensed Insolvency Trustee. Born and raised in Saskatchewan, Glen has a passion for helping people. He walks them through the various financial options, allowing them to make life changes that can give them a fresh start. Additional Resources Allan Marshall & Associates Licensed Insolvency Trustee What Does Bankruptcy Discharge Mean? How Do I Get Discharged From My Bankruptcy? 3 Forms of Payment That Help Build Credit After Bankruptcy…
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DebtMatters Podcast

Fraudsters and scammers are getting more creative and innovative as technology evolves. They are operating increasingly elaborate schemes and are able to prey on anyone with a phone, email address or a credit card. It’s important to be aware of the different types of scams and to know how to spot them. When it comes to fraud, everyone is a potential target no matter how intelligent or tech-savvy you may be. Fraudsters will use every trick to convince you to send them money or your personal information. Licensed Insolvency Trustee, David Macdonald, is also a certified fraud examiner. He has in depth knowledge of how fraudsters operate and how you can protect yourself from even the most well-laid traps. In this podcast David also discusses: How Artificial Intelligence (AI) is making it easier for fraudsters to harvest person information What to do if you are a victim of fraud How to spot red flags Scare tactics to be aware of The importance of reporting the crime to the Canadian Anti Fraud Center If you are struggling financially or have been a victim of fraud, consulting with a Licensed Insolvency Trustee can help you get back on track. They are licensed and regulated by the federal government of Canada. About David Macdonald David Macdonald has been helping people and small business owners resolve their financial problems since 2003 in British Columbia, Alberta and the Maritime provinces. He has been retained as a trusted advisor and service provider by many of Canada’s banks, private lenders, First Nations and the CRA. David brings a practical, down-to-earth approach to his work, without judgement. In his spare time he volunteers his time to a number of charitable and non profit organizations. Additional Resources Allan Marshall & Associates Licensed Insolvency Trustee Learn These 5 Tips to Protect Yourself from Financial Fraud How to Avoid Scams and Scammers…
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DebtMatters Podcast

Many of us, from all walks of life, are worried about money. There is an abundance of research that indicates that financial worry and stress can have a detrimental affect on both our mental and physical health. Whether the problems stem from a job loss, divorce, unexpected expenses or a combination of factors, stressing about money can take a toll on your overall quality of life. But no matter how hopeless your situation might seem, help is available. By tackling your money problems head on, you can regain control of your finances - and your life. Todays’ podcast explores the link between our financial health and our physical health. David Macdonald, Licensed Insolvency Trustee, talks about: Keeping problem finances a secret - overcoming the stigma Episodic stress (traumatic event) versus chronic stress (long term) Finding the right professionals and resources to help When to seek help and why go see a Licensed Insolvency Trustee Three most common causes of Bankruptcy: job loss, divorce and medical issues Federally regulated, Licensed Insolvency Trustees are knowledgeable in all aspects of debt management. They are considered to be one of the best advisors and will provide you with unbiased advice. Your initial consultation is always free of charge. About David Macdonald David Macdonald has been helping people and small business owners resolve their financial problems since 2003 in British Columbia, Alberta and the Maritime provinces. He has been retained as a trusted advisor and service provider by many of Canada’s banks, private lenders, First Nations and the CRA. David brings a practical, down-to-earth approach to his work, without judgement. In his spare time he volunteers his time to a number of charitable and non profit organizations. Additional Resources Allan Marshall & Associates Licensed Insolvency Trustee Money and Stress: Connecting the Dots Reduce Your Financial Stress & Experience Debt Relief…
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DebtMatters Podcast

1 104- Household Debt and Insolvencies are Surging in Canada 17:50
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Household debt in Canada has risen steadily year after year. The high levels of debt make the economy vulnerable to any global economic crisis. As a result, more Canadians are having to face insolvency options as it becomes increasingly difficult to manage their debt. In today’s podcast Licensed Insolvency Trustee, Derek Chase, talks about what Canadians high levels of debt mean for you. What can you do to protect yourself? Derek also discusses: Federal debt relief programs available The ripple effect of interest rate hikes Who keeps track of the Canadian insolvency statistics Why you need to become financially literate Involving the whole family in a savings challenge If you need further advice about how to manage your debt, contact a Licensed Insolvency Trustee. They are federally regulated and licensed by the Canadian government and will give you honest, unbiased advice. About Derek Chase Derek Chase is a Licensed Insolvency Trustee in British Columbia. He has been helping individuals and corporations restructure their debt since 1997. His areas of practice include personal and corporate insolvency including Consumer Proposals and Bankruptcy. The best part of his work is to be able to witness lives change for the better when the heavy burden of unmanageable debt is lifted. Additional Resources Chase & Associates Licensed Insolvency Trustee Household Debt and Insolvencies are Surging in Canada Everything You Need to Know About Canadian Inflation Rates & Hyperinflation…
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DebtMatters Podcast

1 103 - Is There an Advantage to Paying Off My Consumer Proposal Early 14:32
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Filing a Consumer Proposal has become the most popular option to help Canadians manage their debt. In fact, 75% of insolvent debtors are choosing to file a Consumer Proposals as opposed to only 25% filing for Bankruptcy. There is good reason for this choice. But what happens if your circumstances change for the better and you are in a position to pay your proposal off sooner? What would be the advantages or would it be disadvantageous? Derek Chase, Licensed Insolvency Trustee, answers these questions and discusses different scenarios where this may come up. He explains: Why Consumer Proposals have become so popular How long a Consumer Proposal lasts and the effect on credit ratings Why a creditor would agree to accept less than they are owed When it would make sense to pay the proposal off earlier Two mandatory counselling sessions when the pros and cons of increasing payments or paying it off would be discussed with your LIT Licensed Insolvency Trustees are federally regulated and approved by the Canadian government.You can be assured you are receiving the best unbiased advice from these knowledgeable debt professionals. About Derek Chase Derek Chase is a Licensed Insolvency Trustee in British Columbia. He has been helping individuals and corporations restructure their debt since 1997. His areas of practice include personal and corporate insolvency including Consumer Proposals and Bankruptcy. The best part of his work is to be able to witness lives change for the better when the heavy burden of unmanageable debt is lifted. Additional Resources Chase & Associates Licensed Insolvency Trustee Consumer Proposal Calculator Consumer Proposal: What Is a Consumer Proposal & Other FAQs…
Contrary to what you may believe, life doesn’t end after Bankruptcy. You will be cleared of your unsecured debts and can start to rebuild your credit and regain financial stability. Once you receive your discharge, you have the opportunity for a fresh start. Filing Bankruptcy may be the best viable option to help you overcome insurmountable financial challenges and take back control of your financial future. Licensed Insolvency Trustee, Leigh Taylor, discusses what life will be like after Bankruptcy. Other topics covered are: The stigma of Bankruptcy Seeing Bankruptcy as a solution not a problem Two mandatory counselling sessions to develop a contingency plan The credit rebuilding process Life after Bankruptcy success stories Federally regulated, Licensed Insolvency Trustees are knowledgeable in all aspects of debt management. They can walk you through the Bankruptcy process and help you determine if this might be the best solution for your individual financial situation. About Leigh Taylor Leigh began his career as an Official Receiver with the Office of the Superintendent of Bankruptcy. He is a Certified Professional Accountant and attained his license as a Licensed Insolvency Trustee in 1980. LCTaylor’s mission is to help people get out of debt through compassionate care and professional service. With over 40 years experience in the insolvency field, Leigh and his staff have helped over 50,000 Manitobans solve their debt problems. Additional Resources LCTaylor Licensed Insolvency Trustee Rebuilding Your Credit After Bankruptcy What to Do After You Claim Bankruptcy in Winnipeg…
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DebtMatters Podcast

Do you know where to turn for financial advice? We tend to think that anyone calling themselves a Debt Advisor, Debt Consultant, or Credit Counsellor must be qualified and have a formal financial education. This is not always the case. In Canada, anyone can offer debt advice and call themselves an expert. If you are struggling with overwhelming debt, you are probably searching for a debt advisor. But how do you know who you can trust? Leigh Taylor has been a Licensed Insolvency Trustee for over 40 years. He relates his experience of seeing many people who have been taken advantage of with ‘too good to be true’ promises of debt relief. In this podcast, Leigh discusses: How to spot ‘magic bullet’ solutions and how to protect yourself Lack of regulation around credit/debt counsellor and their companies Advantages of dealing with local professionals, person to person Differences between unregulated counsellors and Licensed Insolvency Trustees Why you shouldn’t pay upfront for debt advice Licensed Insolvency Trustees (LIT) are considered some of the best debt advisors in the country and are licensed and regulated by the federal government of Canada. There is no cost for your initial consultation where you will be able to find out about all the debt relief options that are available to you. About Leigh Taylor Leigh began his career as an Official Receiver with the Office of the Superintendent of Bankruptcy. He is a Certified Professional Accountant and attained his license as a Licensed Insolvency Trustee in 1980. LCTaylor’s mission is to help people get out of debt through compassionate care and professional service. With over 40 years experience in the insolvency field, Leigh and his staff have helped over 50,000 Manitobans solve their debt problems. Additional Resources LCTaylor Licensed Insolvency Trustee Warning – Not All Debt Advisors are Equal A Local Licensed Insolvency Trustee…
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DebtMatters Podcast

1 100 - How Human Nature Leads Us Down the Wrong Financial Path 19:45
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When it comes to finances, you can probably come up with a list of excuses as to why you haven’t done certain things, like saving money. You can probably come up with another long list of bad financial decisions you have made. Not every financial mistake is a big deal, but some have serious repercussions that could affect you for years to come. It’s important to know how you make decisions that are not in your best financial interest so you don’t have to repeat them. Regardless of the financial decisions you’ve made, there is always some room for improvement when it comes to managing your money. Licensed Insolvency Trustee, Francyne Myers looks at healthy financial habits and how we can be led down the wrong path. Other topics covered are: Bad financial decisions affecting mental health Social networks influencing our spending - healthy vs unhealthy influencers Setting personal values to help uncover our priorities Peer pressure and the fear of missing out (FOMO) How to find good financial advice Federally regulated, Licensed Insolvency Trustees are knowledgeable in all aspects of finances and debt management. Whether you need help with your budget or you are filing for Bankruptcy, you can be assured they will have your best interest in mind. About Francyne Myers In 2012, Francyne left her 23 year public service career and joined Allan Marshall & Associates where she completed her education and became a Licensed Insolvency Trustee in 2013. Alongside with her work she is actively involved in her local Trustee Association. In her spare time Francyne can be found fishing and spending time with her family. Additional Resources Allan Marshall & Associates Licensed Insolvency Trustee Learn How to Survive a Personal Financial Crisis Make the Most of Isolation – 6 Things You Can Do Now to Improve Your Finances Now and Later…
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