DebtMatters Podcast
156 episodes - English - Latest episode: 6 days ago -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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Episodes
152 - How to Plan Your Debt Relief
July 05, 2024 13:00 - 18 minutes - 17.3 MBStatistics 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 discu...
151 - Signs You Might Be in Financial Trouble
July 01, 2024 13:00 - 18 minutes - 17 MBFinding 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 kn...
150 - Tax Debt: Solutions That Work
June 28, 2024 13:00 - 15 minutes - 14.5 MBOwing 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...
149 - A Guide to Consumer Proposals and Debt Relief
June 24, 2024 13:00 - 18 minutes - 16.5 MBEverywhere 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 ...
148 - Breaking the Cycle: Strategies for Managing Debt Amidst Daily Expenses
May 27, 2024 13:00 - 17 minutes - 16.2 MBDebt 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 ...
147 - The Benefits of Meeting with a Local Licensed Insolvency Trustee
May 24, 2024 13:00 - 16 minutes - 14.7 MBIf 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 consu...
146 - How to Respond to Collection Notices and Protect Your Credit
May 08, 2024 13:00 - 14 minutes - 13.6 MBAnyone 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 th...
145 - How Bankruptcy Works for Individuals vs. Businesses in Canada
May 06, 2024 13:00 - 16 minutes - 15.3 MBThousands 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:...
144 - Bankruptcy and Student Loan Debt
April 05, 2024 13:00 - 17 minutes - 15.7 MBWhile 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: T...
143 - Can You Switch Between Bankruptcy and Consumer Proposal
April 01, 2024 14:00 - 19 minutes - 18.3 MBUnder 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 My...
142 - Escape the Paycheque Trap
March 15, 2024 13:00 - 18 minutes - 17.1 MBLiving 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 ...
141 - Cost of Living: Why Does It Matter?
March 12, 2024 13:00 - 15 minutes - 14.2 MBEven 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 q...
140 - Consumer Proposal vs. Bankruptcy: Making the Right Decision for Your Financial Future
March 06, 2024 14:00 - 15 minutes - 13.9 MBThe 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...
139 - Facing Bankruptcy: What to Do Before, During and After You File
March 04, 2024 14:00 - 17 minutes - 16 MBThe 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. S...
138 - Marriage and Finances: Till Debt Do Us Part?
February 15, 2024 14:00 - 16 minutes - 14.7 MBIt 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...
137 - What Causes Bankruptcy and What Are the Consequences?
February 13, 2024 14:00 - 18 minutes - 16.7 MBDebt 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 Ban...
136 - Get Your Finances Back on Track With a Debt Management Plan
January 31, 2024 14:00 - 17 minutes - 16.1 MBBeing 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 ...
135 - How Fear of Bankruptcy Can Keep You Financially Stuck
January 29, 2024 14:00 - 17 minutes - 16.2 MBCanadians’ 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 ...
134 - Buyer's Remorse In Canadian Housing Market
January 04, 2024 14:00 - 19 minutes - 17.5 MBOwning 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...
133 - How Do I Pay Off Debt When Living Paycheck to Paycheck
January 02, 2024 09:00 - 19 minutes - 17.9 MBThe 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: Whe...
132 - Canada's Food Price Report Predicts Prices Will Rise - What You Can Do
December 29, 2023 03:12 - 16 minutes - 15.2 MBA 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 t...
131 - 5 Ways to Improve Your Finances in 2024
December 21, 2023 13:41 - 15 minutes - 14.5 MBThe 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 expen...
130 - New Year Money Saving & Budget Tips For 2024
December 14, 2023 14:45 - 17 minutes - 16.1 MBOver the last few years, Canadians have seen the ‘financial confidence’ drop. But that doesn’t mean that we shouldn’t still be planning for the future. Preparing a budget for the new year doesn’t have to take too much effort. You’ll reap the benefits of knowing where you stand in each upcoming month. Licensed Insolvency Trustee, Daniel Maksymchak talks about starting fresh in the new year. We can make changes in our spending habits that will improve our finances. He also discusses: Review...
129 - How to Build a Holiday Budget to Avoid Credit Card Debt
December 14, 2023 00:13 - 15 minutes - 14.2 MBThe increased cost of living and interest rate hikes have had a cumulative effect on most of Canadians’ finances this holiday season. Finding ways to keep within your budget can increase your well being. And you’ll thank yourself in the new year. As we head into this holiday season, Licensed Insolvency Trustee, Daniel Maksymchak talks about how to set ourselves up for success. He covers topics around: Creating a clear and realistic budget Making your holiday budget go further Spreading yo...
128 - When Should You Seek Debt Relief
November 29, 2023 14:00 - 18 minutes - 16.5 MBDebt 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 h...
127 - More Canadians Are Living Paycheque-To-Paycheque
November 28, 2023 06:23 - 16 minutes - 15 MBA 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 incr...
126 - Should You Pay Debts First or Save
November 11, 2023 10:27 - 16 minutes - 15.1 MBWith 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...
125 - Paying Off Your Credit Card With a Lower-Rate Card
November 06, 2023 16:20 - 15 minutes - 14.3 MBCredit 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 wil...
124 - What Happens When You Go Bankrupt in Canada?
November 02, 2023 11:17 - 17 minutes - 16.2 MBPersonal 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 ...
123 - Saving for Your Child’s Education
November 02, 2023 10:02 - 15 minutes - 14.1 MBWith 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 Re...
122 - The Different Types of Debt Licensed Insolvency Trustee Deal With
September 29, 2023 13:00 - 19 minutes - 17.6 MBAll 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 o...
121 - Is There Life After Bankruptcy Discharge?
September 26, 2023 13:00 - 17 minutes - 16.4 MBThe 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 In...
120 - What Debt Collection Agency Can and Cannot Do
September 21, 2023 14:14 - 15 minutes - 14.2 MBMany debt collectors and collection agencies assume that debtors are not aware of their rights. And because of this, some resort to unscrupulous methods to persuade you to pay. There are rules and regulations that they must adhere to, though each of the province’s laws vary. This raises a lot of questions around exactly what collection agencies can and cannot do. Licensed Insolvency Trustee, Daniel Maksymchak explains what you need to know to protect yourself and the first thing you need to ...
119 - How Will My Low Credit Score Affect My Ability To Rent
September 19, 2023 02:33 - 14 minutes - 13.2 MBBad credit can be a hindrance for many things, including finding a place to live. Many landlords use credit scores as a way to gauge an applicant's financial stability. However, having an imperfect credit history doesn’t mean that you will never be able to rent a home. There are plenty of landlords who will rent to tenants with a low credit score. In this podcast Licensed Insolvency Trustee, Daniel Maksymchak explains the steps you can take as a potential tenant, to secure the rental home yo...
118 - How to Protect Yourself Against Fraud
September 09, 2023 13:00 - 21 minutes - 19.8 MBFraudsters 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 i...
117- How Worrying About Debt Can Affect Your Health
September 08, 2023 13:00 - 20 minutes - 18.4 MBMany 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 ...
116- Household Debt and Insolvencies are Surging in Canada
September 02, 2023 13:00 - 17 minutes - 16.3 MBHousehold 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 ...
115 - Is There an Advantage to Paying Off My Consumer Proposal Early
August 31, 2023 13:00 - 14 minutes - 13.3 MBFiling 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 thes...
114 - Life After Bankruptcy
August 25, 2023 13:00 - 19 minutes - 17.9 MBContrary 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 ...
113 - How to Spot Bad Financial Advice
August 21, 2023 18:11 - 16 minutes - 15.5 MBDo 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...
112 - How Human Nature Leads Us Down the Wrong Financial Path
July 22, 2023 13:00 - 19 minutes - 18.1 MBWhen 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 fina...
111 - What Is Shrinkflation?
July 19, 2023 15:50 - 17 minutes - 16.1 MBHave you noticed that package sizes seem to be shrinking - that the grocery item in your cart is smaller but the price is the same or even more? This is called shrinkflation and it isn’t new. It’s the inflation that you’re not supposed to see. Manufacturers are quietly shrinking package sizes without lowering the prices. It happens more often in times of high inflation and is impacting almost every packaged product. It seems that shrinkflation is happening in a grocery store near you and i...
110 - How Credit Cards Can Become a Problem
July 14, 2023 13:00 - 18 minutes - 16.7 MBConsumer debt in Canada is on the rise as many Canadians are using their credit cards to alleviate some of their financial pressures. This reliance on credit cards is driving many further into debt as they lose the ability to pay credit off. Inflation has driven prices of nearly everything up and rising interest rates are making it more expensive to carry credit card debt. If you are carrying credit card debt, know you are not alone and there is help available. It’s pretty difficult these ...
109 - Life After Filing a Consumer Proposal
July 12, 2023 13:00 - 17 minutes - 16.1 MBA recent report on Canadians’ confidence in their personal finances, found that roughly half were worried about how they will pay their next round of bills. And nearly one-third said they were finding it harder than ever before to pay down their debt. There are options available to you to get out of debt. A Consumer Proposal is one of Canada’s best debt relief programs that allows you to avoid Bankruptcy while providing the same creditor protection. In today’s podcast, Licensed Insolvency ...
108 - Top Reasons for Declaring Bankruptcy
June 29, 2023 08:00 - 16 minutes - 15 MBMost money problems are caused by events beyond our control. It’s a common misconception to think that people who are insolvent have spent their way into Bankruptcy. A job loss, illness, injury or marital breakdown can often be the last straw for someone in a precarious financial position. In today’s podcast, Derek Chase talks about Bankruptcy and the people who file, from a Licensed Insolvency Trustee perspective. He discusses: The demographics of who is filing The most common factors th...
107 - Why You Should File Bankruptcy Before the End of the Year
June 27, 2023 10:00 - 16 minutes - 15.6 MBIf you are heading deeper into debt, know you are not alone. Many Canadians are struggling to keep afloat in these precarious times. Filing for Bankruptcy may be your best option, depending on your individual circumstances. But is there a better time of the year to file? You may be surprised to find out that - yes there is. When you declare Bankruptcy will affect how many tax returns you will lose. In this podcast, Licensed Insolvency Trustee, Derek Chase talks about why Bankruptcy can be...
106 - What Happens If You Can’t Pay Your Mortgage or Car Loan
June 07, 2023 08:00 - 15 minutes - 14.4 MBMany Canadians increased their debt levels during the pandemic due to low interest rates and now are finding themselves vulnerable to interest rate spikes. In challenging situations, most debtors will typically miss credit card payments, lines of credit or auto loans before mortgages. Whatever payments Canadians are struggling with - the higher interest rates will likely continue stressing household budgets. Experts are predicting a rise in insolvencies in the near future. How are you copi...
105 - What Happens to Your Debt When You Die
June 05, 2023 08:00 - 15 minutes - 14.6 MBIt’s a common sentiment that we don’t want to burden our loved ones when we pass away. But despite all good intentions - many Canadians will die in debt. If you die with debt in Canada, does your spouse or kids inherit your debt or does it simply disappear when you do? Which of your debts have to be paid and how is your estate affected? Licensed Insolvency Trustee, Derek Chase, tackles these questions and explains what you need to know if you are in debt or an executor of a loved one's est...
104 - What Happens When You Receive an Inheritance, Windfall or Your Income Increases While Bankrupt
June 02, 2023 08:00 - 14 minutes - 12.8 MBReceiving money from an inheritance or some sort of random windfall is something we all dream about. But what happens when that dream becomes a reality and the money becomes payable to you when you are in Bankruptcy? And what happens if your financial situation improves while you are bankrupt? These questions and more are answered by Julie Drane, Licensed Insolvency Trustee with Allan Marshall & Associates. Julie also discusses: Surplus income - how it is calculated and when it is payable ...
103 - Bankruptcy BC Canada: What Are the Options?
May 29, 2023 12:00 - 17 minutes - 15.7 MBMore and more Canadians are finding it difficult to keep their head above water, financially. Debt can be debilitating no matter what province you live in. British Columbia is no different. Carrying debt comes at a high cost. The stress of managing your finances in these unpredictable times can also have an emotional toll. But you don’t have to go it alone. Licensed Insolvency Trustee, Julie Drane, talks about the debt relief options available to BC residences. How the debt cycle starts and...