121 - Is There Life After Bankruptcy Discharge?
DebtMatters Podcast
English - September 26, 2023 13:00 - 17 minutes - 16.4 MBEducation avoid debt bankruptcy consumer proposals credit personal finance credit counselling credit issues debt debt help finance Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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 filingThe importance of a good credit rating and how to start rebuilding itWhat to do if the information at the credit bureau is wrongTeaching your kids about savings and the difference between needs and wants 2 mandatory counselling sessions to help you get back on your feetLicensed 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 SteinerGlenn 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.