Podcasts about Licensed insolvency trustee

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 damagePlus: 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 ChaseDebt 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 ResourcesChase & Associates Licensed Insolvency Trustee5 Debt Warning Signs & How to Deal With ThemWhen Should I Seek Debt Relief?

Lindsay Burchill, Calgary-based Licensed Insolvency Trustee

PM Trudeau says he has names of Conservative candidates ‘engaged' in foreign interference (0:47) Guest: David Akin, Global News Chief Political Correspondent Rising costs leave British Columbians making difficult sacrifices to save money (13:32) Guest: Linda Paul, Senior Vice President and Licensed Insolvency Trustee with MNP LTD Jas' Massey Tunnel trip from hell; what's with the need to politicize infrastructure? (20:14) Over 6 billion liters of Canadian farm milk wasted over the last decade (28:22) Guest: Benjamin Goldstein, Assistant Professor of Environment and Sustainability at the University of Michigan One-on-one with comedian Sebastian Maniscalco (35:44) Guest: Sebastian Maniscalco, stand-up comedian and actor Learn more about your ad choices. Visit megaphone.fm/adchoices

Guest: Linda Paul, Senior Vice President and Licensed Insolvency Trustee with MNP LTD Learn more about your ad choices. Visit megaphone.fm/adchoices

Money can affect every aspect of our lives. This includes mental health so what happens if you have a high debt load? To tell us about the impact on our mental health and what we can do about it we are joined by Robert Kilner a Spergel Partner and Licensed Insolvency Trustee. Find out more at spergel.ca and connect on Instagram, X, and  Facebook.

Getting laid off and sharing your experience on TikTok. Giovanna Ventola, founder of Rhize, shares why she turned to social media after losing her job and how she's now helping others with their job search.  Then, a growing trend called “Bleisure Travel”. Personal finance expert Jessica Moorhouse tells us how Canadians are mixing business and leisure when going on work trips. And what happens if credit bureaus have your information wrong. Julie Kuzmic from Equifax Canada takes us through how to resolve the issue.  Plus, we'll speak with Robert Kilner,  Licensed Insolvency Trustee at Spergel, about how debt load can affect your mental well-being. To find out more about the guests check out: Giovanna Ventola: TikTok | Instagram | LinkedIn Rhize: rhizetogether.com | LinkedIn Jessica Moorhouse: com | Instagram Julie Kuzmic: X | LinkedIn Spergel: spergel.ca | Instagram | X | Facebook Bruce Sellery is a personal finance expert and best-selling author. As the founder of Moolala and the CEO of Credit Canada, Bruce is on a mission to help you get a better handle on your money so you can live the life you want. High energy & low B.S., this is Moolala: Money Made Simple. Find Bruce Sellery at Moolala.ca | Twitter | Facebook | LinkedIn

Scott Terrio, BA, QIC, CPCA, has been a regular author at Macleans and Canadian Business magazines and a listed columnist for Moneysense, focusing on consumer debt issues. He is a frequent media commentator, appearing on BNN Bloomberg TV, CBC and various radio broadcasts. He has contributed to such publications as The Globe and Mail, The Toronto Star, The National Post and The Walrus, among others. In his decade in the insolvency industry and now as Head of Consumer Insolvencyat Hoyes Michalos Hoyes, Scott has met with and filed well over 8,000 clients,primarily consumers. He brings his previous background in sales, marketing andbusiness development to making clients feel as comfortable as possible inguidance through various options and tactics, and in trusting advice and solutionsunder difficult circumstances. His professional experience includes the following: • Ontario Ministry of Ag, Food & Rural Affairs, 1993-1996• John Deere Canada, 1996-2010• Cooper & Co. Ltd. Licensed Insolvency Trustee, 2010-2018• Hoyes, Michalos & Associates, 2018-Present

Does it feel impossible to make any progress with your debt? Getting out of debt is a battle against high interest rates, financial traps like payday loans, and the emotional toll that debt takes on your mental health. Doug Hoyes and Ted Michalos explore the hidden factors that keep you stuck, from the predatory lending practices that pile on to your balance to the family pressures and stress that make it harder to break free. Learn how to stop the cycle of borrowing and why ignoring debt only makes things worse. Discover the tools available to help you, including guidance from licensed insolvency trustees who will review all the options available to you and your unique financial situation.   You can get out of debt!

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 ResourcesChase & Associates Licensed Insolvency TrusteeDebt and Divorce: A Common Cause of BankruptcyDebt and Dating

In Episode 155 of the Debt Matters podcast, Daniel Maksymchak Licensed Insolvency Trustee provides valuable strategies on how you can control your credit card debt:Key points and topics covered:Understanding credit card debt: Explore the psychological and financial impacts of credit card debt and why people fall into the debt trap.Debt management strategies: Gain practical tips that lower your card debt, from debt consolidation to budgeting tips to seeking professional advice from a Licensed Insolvency Trustee.Avoiding debt pitfalls: Learn the common dangers that can push you back into credit card debt, like balance transfers and low-interest offers.Building Financial Health: Practice better financial health habits such as creating an emergency fund and living within their means.If you struggle with credit card debt, Daniel's insights are essential. Listen in to take back control of your finances from high-interest credit debt: Additional ResourcesLCTaylor Licensed Insolvency TrusteeCredit Card Debt ReliefIs Your Credit Card Debt Getting the Best of You?

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 workBudgeting tools - online and on paperThe 4 simple steps to create a sensible budget Slippery slope of using credit cards as a form of incomeUsing S.M.A.R.T. goal setting guidelinesCreating future financial goals when you have surplus/savingsIf 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 WoodBrenda 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 ResourcesAllan Marshall & Associates Licensed Insolvency TrusteePractical Budgeting Tips to Keep Your Finances on Track in 2024My 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 oftenThe difference between a hard and soft credit hitWhat shows up on a credit reportHow scores are calculated and why they fluctuateWhat is a credit rating and where it appearsThings you can do to improve your scoreLicensed 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 WoodBrenda 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 ResourcesAllan Marshall & Associates Licensed Insolvency TrusteeWhat 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 literacyBudgeting apps that can make your life easierThe most important things NOT to do to try to lessen your debtWhen it's time to talk to a professionalLicensed 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 MacdonaldDavid 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 ResourcesAllan Marshall & Associates Licensed Insolvency TrusteeCan 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 pandemicThe role banks are playing in the debt crisis Warning signs that let you know it's time to seek professional helpUsing credit for day to day expensesIs overdraft protection really protecting you?Options that can help break the debt cycleResources that can help with financial literacyFederally 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 MacdonaldDavid 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 ResourcesAllan Marshall & Associates Licensed Insolvency TrusteeFinancial Management: Warning Signs Of Financial ProblemsSolutions 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 filingSolutions available if your tax debt is insurmountableIncluding tax debt when filing Bankruptcy or a Consumer ProposalTax laws for self employment, PST and GST tax remittancesWhat happens when tax debt is ignoredContacting 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 TaylorLeigh 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 ResourcesLCTaylor Licensed Insolvency TrusteeCRA Debt: What You Need to Know and How to Resolve ItTax 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 debtBasic budgeting and long term budgetingHow Consumer Proposals work and the key to having them acceptedStay of Proceeding that automatically stops collection activitiesDo-it-yourself proposals - advantages and disadvantagesLicensed 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 TaylorLeigh 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 ResourcesLCTaylor Licensed Insolvency TrusteeFour Things a Consumer Proposal Can Do for You5 Ways to Get Manitoba Debt Help: Your Key to Debt Relief

Bankruptcies On The Rise: How To Handle Your High Debts w/Wesley Cowan #262   Wesley Cowan, Senior VP, partner Licensed Insolvency Trustee at MNP joins me to talk about what's happening out there with people overextending themselves and carrying more debt then ever before and the number of people declaring bankruptcy; mortgages becoming unaffordable; the difference between a consumer proposal and bankruptcy, and the other tools Wes uses before bankruptcy; how bankruptcy differs when you are married; how long does the bankruptcy last; can you rebuild your credit during a proposal or bankruptcy, and some ways to do this; and MORE!   Contact: MNPdebt.ca   This episode proudly sponsored by McMurter & Associates.    They are a real estate and estate law firm who can be your partner for every major legal event in your life. If you're planning an estate, selling or buying real estate, they can help with over 30 years of experience. Their objective is to prevent you from worrying about the legal aspect of your transactions. From the first meeting, McMurter will provide you with straightforward legal advice, and no surprises, including a legal bill you didn't expect.    Find them at: https://www.mcmurter.com    Other Links: Real Estate Investment Club visit https://www.smarthomechoice.ca

This week Vince is joined by one of Canada's most distinguished licensed personal insolvency trustee's, Doug Hoyes. With over 20 years in the industry, Doug brings a wealth of experience, having examined 7,000+ cases and met with over 100,000 people throughout his illustrious career.For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/

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 savingsWays to increase your financial literacyImportance of a cash flow reviewIf 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 ChaseDerek 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 ResourcesChase & Associates Licensed Insolvency TrusteeHow to Break the Debt CycleWhen Should I Seek Debt Relief?

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 TrusteeThe strict code of ethics LIT's must followWhy Bankruptcy is the last option discussedWhen to seek helpGetting fair and honest advice from a local LITLicensed 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 ChaseDerek 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 ResourcesChase & Associates Licensed Insolvency TrusteeCode of Ethics for Licensed Insolvency TrusteesThree Things to Know About Insolvency

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 callWhy you need to keep a log of all communicationThe options available when an account is in collectionsHow to negotiate a settlementWhen to contact a lawyerReducing the impact on your credit scoreWhere to find out about your rightsLicensed 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 MarriottMary-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 ResourcesAllan Marshall & Associates Licensed Insolvency TrusteeHow Should I Handle Creditor Calls and Harassment?Rebuilding Credit: How Long Will It Take to Get My Credit Back?

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 optionDifference between filing as a sole proprietor vs an incorporated businessNumber one mistake businesses make when in financial troubleProcess involved in filing a Business BankruptcyWhat happens when business loans are personally guaranteed How to protect yourself when starting outFederally 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 MarriottMary-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 ResourcesAllan Marshall & Associates Licensed Insolvency TrusteeAre You a Small Business Owner? What You Need to Know About Business Bankruptcy and Other OptionsCanadian Business Bankruptcies Surge – Support Your Local Small Businesses

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 ruleThe importance of accurate study period ending datesWhen it makes sense to keep paying student loansSingle date approach & multiple date apreachThe 5 year court application ruleChances of obtaining further student loans after BankruptcyIf 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 MyersIn 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 TrusteeStudent Loan Repayments: What to Do to Afford ThemNational Student Loans: How Repayment Assistance Plan (RAP) Works

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 insolvencyThree options you have if you can't keep up with your Consumer Proposal paymentsAdvantages and disadvantages of making changesHow your credit score will be affected when you make a switchWhy it's important to work closely with your LIT to make the right choicesLicensed 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 MyersIn 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 TrusteeUnderstanding the Top 5 Reasons for Declaring BankruptcyWhat 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 ofThe slippery slope that can lead to debt problemsHow lack of budgeting can be one of the biggest factorSteps to creating a realistic budgetHigh interest lendersTalking to a Licensed Insolvency Trustee to find out your optionsYou 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 TaylorLeigh 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 Trustee9 Debt Warning Signs to Watch Out forHow to Get Out of Debt Fast: Debt Help for Your Debt Problems

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 inflationWays to protect ourselves as the cost of living risesTalking to a Licensed Insolvency Trustee sooner rather than laterFederally 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 TaylorLeigh 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 TrusteeHow Your Habits Can Impact Your FinancesMaximum Rent Increases In Manitoba

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 optionWhen filing a Consumer Proposal is betterThe effect on your credit ratingPaying your Consumer Proposal off quickerHow choosing to file Bankruptcy or a Consumer Proposal can affect different professions and the ability to sit on a boardLicensed 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 DraneJulie 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 TrusteeDebt 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

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 helpSteps you should take before filing for BankruptcyProcess of filing with your Licensed Insolvency TrusteeWhat a Stay of Proceeding doesRebuilding credit after your dischargeIf 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 DraneJulie 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 TrusteeWhy You Should Open a New Bank Account Before Filing a Bankruptcy or Consumer ProposalFAQ about Bankruptcy

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 debtSeparate finances as opposed to joint accountsHow shared assets are dealt with in an insolvencyDiscussing finances and spending habits before committing to a relationshipDealing with financial differences. How Bankruptcy may be a saving grace in a relationshipIf 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 HooleyBonnie 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 TrusteeLeaving Debt Behind: What Happens to Debt When You DieWill Bankruptcy affect my spouse?

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 trackHow changes in life's circumstances can be a contributing factorSocietal factors are not the only causes of BankruptcyA common mistake that can lead to self employed insolvencySmall business versus corporate BankruptcyThe role of counselling sessions and why they are importantIf 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 HooleyBonnie 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 BankruptcyAnswers to the 7 Most Important Bankruptcy Questions

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 planHow much debt is too much debtChecking out your bank for the options available for youApps and computer programs to assist youHow 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 SherwoodAmanda 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 TrusteeHow New Brunswick Household Debt Compares to the Rest of CanadaDebt Management: Read This First!

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 everythingHow the Bankruptcy process is tailored to individual situationsIf 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 SherwoodAmanda 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 TrusteeMoney and Stress: Connecting the DotsWhen Is the Right Time to Declare Personal Bankruptcy?

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 hereThe true cost of home ownership versus rentingPitfalls of a Home Equity Lines Of Credit (HELOC)Preparing and budgeting for increased mortgage paymentsWhy 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 FaderMatthew 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 TrusteeThe Cost of Living in B.C. Versus The Rest of CanadaBuy vs Rent: Is Homeowernship a Cheaper Option?

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 startThe psychological component of money managementIdentifying recurring and occasional expensesIs the shortfall is due to spending issues or insufficient income Pros and cons of consolidation loans versus a line of creditConsulting 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 FaderMatthew 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 TrusteeMy Paycheck Never Lasts: Tips For Budgeting To Cover BillsA Budget Plan Prevents You From Living Beyond Your Means

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 monthThe resurgence of canning, growing food and batch cookingBest times of the day to shopTrading resources and networking on social mediaHow an LIT can help when you are struggling with your financesAbout Derek ChaseDerek 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 TrusteeEverything You Need to Know About Canadian Inflation Rates & HyperinflationHousehold Debt and Insolvencies are Surging in Canada

As the year winds down, Canadians are considering their New Year's resolutions and surveys show improving financial health will top the list. Guest: Nicole Olson - Senior Manager Vice President, Licensed Insolvency Trustee, BDO Canada

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 financesWays to reduce your expensesEvaluating your financial goals How to start saving even though it may seem impossibleSteps to take if you are under too much financial pressureYou 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 ChaseDerek 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 TrusteeGrocery Shopping Tips: Eat Your Way to Healthy Finances5 Spending Habits That Will Keep You Poor

Over 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:Reviewing expenses from the past yearMaking changes to discretionary spending Setting a budget for the year and reviewing it monthlyFiguring out your prioritiesDeveloping a plan to get out of debtContacting a Licensed Insolvency Trustee to discuss your debt relief optionsWhether you need help with your budget or need to file a Bankruptcy, you can be assured that a Licensed Insolvency Trustee will have your best interest in mind. Federally regulated, they are knowledgeable in all aspects of debt management. About Daniel MaksymchakDaniel has worked in the bankruptcy and insolvency field since 2010. His career began in accounting, receiving his Chartered Accountant designation in 2009. He attained his Licensed Insolvency Trustee accreditation in 2014. Daniel is a member of the Canadian Association of Insolvency and Restructuring Professional (CAIRP) and has volunteered his time with numerous causes in the community. Additional Resources LCTaylor Licensed Insolvency TrusteePersonal Finance Basics for BeginnersHow to Set Achievable Financial Goals That Matter

The 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 budgetMaking your holiday budget go furtherSpreading your spending over the yearConsequences of overspending on creditRecovering from financial overindulgence during the holiday seasonIf you are struggling with your finances from overspending this holiday season or your debt has become unmanageable, reach out. Federally regulated, Licensed Insolvency Trustees are knowledgeable in all aspects of debt management.About Daniel MaksymchakDaniel has worked in the bankruptcy and insolvency field since 2010. His career began in accounting, receiving his Chartered Accountant designation in 2009. He attained his Licensed Insolvency Trustee accreditation in 2014. Daniel is a member of the Canadian Association of Insolvency and Restructuring Professional (CAIRP) and has volunteered his time with numerous causes in the community. Additional Resources LCTaylor Licensed Insolvency TrusteeThe Gift of Being Practical at ChristmasAre Your Credit Card Payments Harder to Make Due to the Credit Crisis?

In this episode, Doug sits down with Joel Sandwith, a Licensed Insolvency Trustee based at the Hoyes Michalos London office. Together, they explore effective debt management strategies and delve into optimal approaches for debt repayment. The episode provides a comprehensive comparison of the snowball and avalanche methods. If you're trying to figure out the best way to pay off your debts, this episode is a helpful guide. It's here to support you on your journey to financial freedom, giving you insights into different methods and assisting you in selecting the one that suits you best.    Related Links:  Have a question or comment for a future show?  Leave us a voice message here: https://www.hoyes.com/dfi30comments   Joel Sandwith BA, Licensed Insolvency Trustee - https://www.hoyes.com/about-hoyes-michalos/bankruptcy-trustees/joel-sandwith/  Debt Snowball Method vs High Interest First - https://www.hoyes.com/blog/debt-snowball-method-vs-high-interest-first/  Debt Repayment Worksheet - https://www.hoyes.com/debt-repayment-worksheet/  Debt Repayment & Consumer Proposal Calculator - https://www.hoyes.com/debt-repayment-calculator/ 

Doug Hoyes is joined by special guest, Blair Demarco-Wettlaufer, a collection agent, who serves as the Chief Operations Officer at collection agency Kingston Data & Credit. This marks Blair's seventh appearance on the show! In this episode, Doug and Blair discuss the messy world of debt collection, statute-barred claims, and credit reporting. They answer questions such as, how long does it take for a credit card company to send your debt to collections? Does a statute-barred debt affect your credit report? What happens if you don't pay it? Can you be sued and when is it time to speak to a Licensed Insolvency Trustee? Tune in for lots of great advice and tips!   00:00 Introduction 01:44 How long does it take for collection agencies to report to a collection agency? 04:44 How does a collection agency receive new files to collect? 06:36 How do collection agencies contact and monitor those in debt? 09:59 When do collection agencies report to the credit bureau? 11:05 What is the difference between a trade line and a registered item? 15:11 What is the difference between soft inquiries and hard inquires and how do they affect your credit score? 16:34 How often should you pull your credit bureau? 18:56 Statute-Barred Claims: Do I Have to Pay? 23:13 Proof of Claim Forms 29:12 Creditors plan 32:49 Settlements 37:14 Concluding comments     Related Links:   Blair Demarco-Wettlaufer on Twitter (X) https://twitter.com/kdcblair Blair's blog: https://receivableaccounts.blogspot.com/ Blair Demarco-Wettlaufer's previous appearances on Debt Free in 30: Episode 20, January 17, 2025 – Stop the Collection Calls https://www.youtube.com/watch?v=0tsrKacdx4U Episode 57, October 3, 2015, Collection Agents – How Did They Find Me? https://www.youtube.com/watch?v=0SMU1R5N0ms Episode 70, January 2, 2016, Top 10 Tips for Dealing with a Collection Agent https://www.youtube.com/watch?v=736J-IefWrI Episode 264, September 21, 2019, How to Negotiate with a Collection Agent, https://youtu.be/ZgNWpKfBUwU?si=czAQLjQqWTOLctml  59,000 Views Episode 296, May 2, 2020 -  Dealing with Collection Calls in COVID-19: Debt Negotiations, Deferrals, and Credit Report Impact https://youtu.be/S86gnBEkeUY?si=r0HLIpLHlWfTXdN_ (During Covid, I had a beard) Episode 373, October 23, 2021, Your Top Collections Questioned Answered by a Debt Collector, https://www.youtube.com/watch?v=Ue8gFE2Z48w Ontario Ministry of Government and Consumer Services  https://www.ontario.ca/page/ministry-government-and-consumer-services I've Filed Bankruptcy & Collection Agents Are Still Calling Blog: https://www.hoyes.com/blog/ive-filed-bankruptcy-collection-agents-are-still-calling/ Collection Agents: How Did They Find Me? Blog: https://www.hoyes.com/blog/collection-agents-how-did-they-find-me/ Top 10 Tips For Dealing With A Collection Agent Blog: https://www.hoyes.com/blog/top-10-tips-for-dealing-with-a-collection-agent/ How Long Can a Collection Agency Collect on Debt in Canada? Blog: https://www.hoyes.com/blog/how-long-can-a-collection-agency-collect-on-a-debt-in-canada/ Stop The Collection Calls: Advice from Blair Demarco-Wettlaufer Blog: https://www.hoyes.com/blog/stop-the-collection-calls-advice-from-blair-demarco-wettlaufer/ Can a Collection Agency Sue You in Canada? Blog: https://www.hoyes.com/blog/can-a-collection-agency-sue-you-in-canada/

More than half of Canadians $200 away or less from not being able to pay all of their bills. David Gowling, Licensed Insolvency Trustee, MNP Ltd, joins to discuss the report. Mark Mendelson - NEWSTALK 1010 Crime Specialist and former homicide detective, joins us to talk about some of the gun violence in the city of Toronto Jonah Hill's Ex Sarah Brady Calls Him “Emotionally Abusive”. We take your calls on whether you think he was out of line.

New Livestream guest- Doug Hoyes I'm happy to have Doug join me on a live broadcast. Doug Hoyes is a Licensed Insolvency Trustee in Kitchener, Ontario and co-founder of Hoyes Michalos. Tune in and we'll be discussing problems that people get into with money and debt when they buy a business. While Doug takes care of people going bankrupt or filing creditor proposals in Canada, I'm sure the lessons shared will be valuable for business buyers around the world. This is a ‘must see event' for anyone considering a business purchase. Find Doug's show online here: https://www.youtube.com/c/DebtFreein30 Thanks to our sponsors: Mark Willis of Lake Growth Financial Services. Build an equity asset that is guaranteed to grow over time, never lose value and give you access to liquidity whenever you need it without having to qualify for credit- EVER. Learn more and sign up for a no-obligation consultation at https://www.NewBankingSolution.com If you enjoyed this show and want more great small business content, head over to https://www.SMBPodcastNetwork.com and find more great shows and conversations.

#194: Wesley Cowan - Post-Pandemic Debt - A Trustee's Perspective   On this episode, Gary chats with Wes Cowan, Senior VP, President of MNP, a firm specializing in consumer proposals and bankruptcy proceedings. Wes has over 20 years of insolvency experience as a license insolvency expert, helping people get back on their feet, but his services are very helpful for investors who want to get back into the investing game as soon as possible. They discuss what the difference is between a consumer proposal and a bankruptcy, and which applies to certain situations. If YOU are struggling with debt, don't abandon hope, listen to this podcast to see if MNP can help you with your situation before it gets worse!   Gary also shares his goal planning ritual that he and Darlene use each year to make them crystal clear and achievable!   Don't forget, Smart Home Choice is gearing up for growth mindset in 2023 and their in-person events are ramping up! Check out SmartHomeChoice.ca for a list of upcoming events.      WHAT YOU'LL LEARN: How Wes' 20 years of insolvency experience have given him unique knowledge to look at the overall health of the economy How does now compare with 2008 in regards to bankruptcies consumer proposals The difference between bankruptcies consumer proposals At MNP they have a unique consumer debt index, what does it tell about current financial health of Canadians with rapid interest rates How Wes thinks things are looking pre-pandemic vs. Post-pandemic How long does a bankruptcy stay on file, especially if you are wanting to get back into buying investment properties  And MORE!   Bio     Wes Cowan, CIRP, MA, LLM is a Senior Vice-President (Partner) and Licensed Insolvency Trustee in the Kitchener Insolvency and Restructuring Group of MNP Ltd. Wes has over 20 years of experience in insolvency matters; 18 of those years as a federally licensed Insolvency Trustee. Wes was appointed Director of Consumer Insolvency for Canada at MNP Ltd. in 2019    Wes has a diverse range of experience in both personal and corporate insolvency engagements. With a focus on restructuring as an initial position, Wes has often found alternatives to bankruptcy that benefit both debtors and creditors alike. In addition, Wes has a unique perspective on tax related debt given his former role as a collections officer and auditor with the Canada Revenue Agency (Revenue Canada).    Wes and his team serve clients not only from the Kitchener office, but also from the Waterloo, Cambridge, Stratford and Woodstock MNP offices, and satellite offices in Tillsonburg, Guelph, Mount Forest, Listowel and Owen Sound.    In 2016 Wes completed a Master of Laws degree (LL.M.) at Osgoode Law School specializing in Bankruptcy and Insolvency.    E-MAIL Wes at wesley.cowan@mnp.ca or call him at 519-772-7461  This episode proudly sponsored by Deep Pockets - https://deep-pockets.ca    If you're looking to borrow or invest funds, Deep Pockets should be at the top of your list.  It is a preferred choice for secure lending, and as a borrower you have the option of flexible terms and repayment plans, as Deep Pockets has flexible credit criteria and income approvals.   As an investor, YOU GET TO BE THE BANK, using your cash, your RRSPs, LIRAs or even TFSAs. Earn maximum returns with NO out of pocket expenses.   To find out more, visit the website or email deals@deep-pockets.ca       Other Links: Private Investing, visit https://deep-pockets.ca Real Estate Investment Club visit https://www.smarthomechoice.ca  Gary's mentorship program visit https://garyhibbert.ca  Start your own Podcast visit https://www.podcastexperts.ca 

When you've got a lot of debt to deal with, it can be tough to know where to start. Should you pay off the smallest debt first? Or the highest interest one? On today's podcast, Doug Hoyes and Ted Michalos break down how to answer this age-old question with lots of practical advice, a discussion about the debt snowball vs. debt avalanche method, whether debt consolidation is a good idea, and when it's time to speak to a Licensed Insolvency Trustee. Tune in for lots of great tips!   Links:   Which Debts Should You Pay First? https://www.hoyes.com/blog/which-debts-should-you-pay-first/ Debt Snowball Method vs. High Interest First https://www.hoyes.com/blog/debt-snowball-method-vs-high-interest-first/

Wednesday Nov 9th - Financial Literacy Month With BDO Licensed Insolvency Trustee Nancy Snedden by VOCM

For some, gambling leads to a situation where you can't pay your bills and debts when they are due.  This is incredibly stressful.  Listen now to hear about two options for addressing insolvency: a consumer proposal and personal bankruptcy. Blair Mantin, a Licensed Insolvency Trustee and President of Sands and Associates, joins me in this episode.  He answers common questions about insolvency proceedings, including: Who is eligible for a consumer proposal and bankruptcy?  What is involved?  What will it cost? Will this impact my credit rating?  Do I have to get rid of my car, home and/or RRSP?  Are tax debt and student loans included? How will it impact my spouse if I go ahead with a consumer proposal or bankruptcy?  What are the differences with bankruptcy proceedings in Canada and the United States? How do I find a Licensed Insolvency Trustee? If you would like more information about consumer proposals and bankruptcy, read the blog for this episode at www.gamblingproblemhelp.ca To find a Licensed Insolvency Trustee in Canada, visit the federal government's database.   If you have further questions for Blair Mantin, Licensed Insolvency Trustee, contact him at Sands and Associates.  He is also the co-host of a weekly radio show on CKNW 980 AM called Dollars and Sense, which is available as a podcast. If you live in British Columbia and would like to access our free, confidential counselling and outreach services, connect with us online at Gambling Support BC or call 1-888-795-6111. For a list of free gambling help services in Canada, click here.  To access free help in the United States, visit the National Council on Problem Gambling website.  If you like what you hear on Fold em and haven't yet followed us on your podcast app, make sure you do.  You will then be notified when a new episode is released and help increase our visiblity.  If you're not sure how to follow or subscribe to a podcast, read this blog for instructions. Fold em is funded by Gambling Support BC.

You may be wondering if you can strike a debt repayment deal with your creditors without going to a Licensed Insolvency Trustee and a formal insolvency filing. Well, it depends on how much you owe, who you owe, your assets, and lots of other factors. On today's podcast, Doug Hoyes and Ted Michalos walk you through all the different scenarios in which you could deal with creditors by yourself, the risks to that, benefits, and they discuss when filing a consumer proposal or bankruptcy is the better option. Tune in! Related Links: Can I Negotiate a Debt Settlement on My Own: https://www.hoyes.com/blog/can-i-negotiate-a-debt-settlement-on-my-own/ Negotiating Consumer Proposals – What Your Creditors Expect: https://www.hoyes.com/blog/negotiating-consumer-proposals-what-your-creditors-are-expecting/ Bankruptcy Protection in Canada: An Automatic Stay of Proceedings: https://www.hoyes.com/blog/bankruptcy-protection-in-canada-an-automatic-stay-of-proceedings/

Dealing with debt can be different in different communities. We speak to Crystal Buhler, a Licensed Insolvency Trustee with Debt Free North about how deal with debt differs in more remote communities. Find out more at debtfreenorth.com and connect on Facebook, Instagram and on Twitter.

Ch1: Many Canadians now believe Catholicism, evangelical Christianity and Islam are more damaging to society than beneficial, a new survey shows, as people across the country continue to turn their backs on religion. Guest: Shachi Kurl, President of Angus Reid Institute. Ch2: Vancouver businessman David Sidoo is facing new accusations of fraud, this time alleging he was a part of a multi-year “pump-and-dump” scheme that bilked investors out of more than US$145 million. Guest: Ari Goldkind, Legal expert and commentator. Ch3: People displaced by a devastating fire in Vancouver's Gastown were among those partaking in the Union Gospel Mission's annual Easter meal on Saturday. Guest: Nicole Mucci. Manager of Media Relations & Communications at Union Gospel Mission Ch4: A new report released today finds over half of British Columbians say they are already feeling the effects of interest rate increases. Guest: Linda Paul, Licensed Insolvency Trustee. See omnystudio.com/listener for privacy information.