149 episodes

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.

DebtMatters Podcast Wayne Kay

    • Business

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.

    148 - Breaking the Cycle: Strategies for Managing Debt Amidst Daily Expenses

    148 - Breaking the Cycle: Strategies for Managing Debt Amidst Daily Expenses

    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.

    • 17 min
    147 - The Benefits of Meeting with a Local Licensed Insolvency Trustee

    147 - The Benefits of Meeting with a Local Licensed Insolvency Trustee

    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.

    • 16 min
    146 - How to Respond to Collection Notices and Protect Your Credit

    146 - How to Respond to Collection Notices and Protect Your Credit

    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.

    • 14 min
    145 - How Bankruptcy Works for Individuals vs. Businesses in Canada

    145 - How Bankruptcy Works for Individuals vs. Businesses in Canada

    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.

    • 16 min
    144 - Bankruptcy and Student Loan Debt

    144 - Bankruptcy and Student Loan Debt

    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.

    • 17 min
    143 - Can You Switch Between Bankruptcy and Consumer Proposal

    143 - Can You Switch Between Bankruptcy and Consumer Proposal

    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?

    • 19 min

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