351 – What Causes People to File Bankruptcy?

Debt Free in 30

English - May 22, 2021 10:00 - 27 minutes - 38.2 MB - ★★★★ - 62 ratings
Investing Business Education bankruptcy ontario canada consumerproposal debt debtfree Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

Previous Episode: 350 – Is it a Waste of Time to Teach Kids About Money? with Robin Taub

Next Episode: 352 – The Minimum Payment Lie with Diane Cunha

There are a lot of misconceptions about why someone files for bankruptcy in Canada. Did they spend too much? Were they reckless or irresponsible? The truth is debt problems can happen to anyone at any time and when they least expect it. On today’s podcast, Doug Hoyes and guest Ted Michalos share stories and dig deep into how the debt trap often starts for individuals and dispel common myths surrounding why Canadians face insolvency. They also share practical advice for anyone struggling with debt. Tune in!

Links:

Hoyes Michalos Study: Bankruptcy Causes in Canada: https://www.hoyes.com/press/joe-debtor/causes-of-insolvency/