DebtMatters Podcast

Being stuck in the debt cycle can seem like a never ending struggle to try to keep ahead of repayments. Many Canadians are trapped in long-term debt cycles they can’t escape. But with a little planning and a bit of discipline, you don’t have to be stuck in the cycle forever. No one needs to live under a cloud of debt indefinitely. This podcast features Derek Chase talking about debt cycles and how to break them. 

Derek also speaks to:

• What keeps us in the cycle of debt 
• How inflation is affecting the amount of debt being carried
• Things you can do when you feel overwhelmed 
• Using aps to control spending
• Ways to pay down high interest rate loans and credit cards 

Licensed Insolvency Trustees can help you take back the control of your finances and break the cycle of debt. They are considered some of the best financial advisors in the country and the only ones licensed by the federal government of Canada. 

Derek 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. 

• Derek L Chase & Associates Ltd. Licensed Insolvency Trustee
• Young Adults and Credit Card Debt
• Minimize Debt – Borrow Only What You Need

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It can be hard sometimes to try to figure out financially where your company ends and where you, as a person, begins. This is especially true when personal and business debts and assets have become entwined. If a business is not a corporation, then there’s not much difference between personal Bankruptcy and that of a small business. This podcast takes a look at the differences between business Bankruptcy and personal Bankruptcy. Licensed Insolvency Trustee, Derek Chase, talks about the similarities and how they differ. This is a must listen if you are experiencing unmanageable debt in your business or personal life.

Derek also covers:

• Who to talk to first for advice about your business debt
• If a business has to close after filing for Bankruptcy
• What happens if the business has a personal guarantor or a co-signer
• What is the role of a Receiver and when in one appointed
• When does the court system need to get involved

Licensed Insolvency Trustees are federally regulated and approved by the Canadian government. With their extensive knowledge of financial services, they will give you honest advice about whether Bankruptcy is your best option.

Derek 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. 

• Derek L Chase & Associates Ltd. Licensed Insolvency Trustee
• Personal Bankruptcy Facts: How to Declare Bankruptcy
• Wage Earner Protection Program: Help for Employees During Bankruptcy

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Being self-employed is about being independent. Most people enjoy the feeling until it comes to tax season. Obligations to the Canada Revenue Agency (CRA) can feel like you’re twisted in red tape and paperwork. But it doesn’t have to be so. In this podcast, Licensed Insolvency Trustee, Derek Chase talks about taxes and self-employment. How can you avoid the stress of the annual tax season? What systems can you put in place that will keep you on track through the year.

Derek also discusses:

• Why self-employed people run into tax problems
• Why the CRAs penalties and interest charges make tax debt the hardest to catch up with
• What a good bookkeeper can do for you
• The advantage of setting up monthly or quarterly tax installment payments
• What options are available when you aren’t able to pay your taxes 

If you are struggling with any kind of debt, Licensed Insolvency trustees can help you regain control of your finances. They are considered some of the best financial advisors in the country and are licensed by the federal government of Canada.

Derek 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. 

• Derek L Chase & Associates Ltd. Licensed Insolvency Trustee
• Canada Tax: How to Get Tax Debt Relief from CRA
• Tax Debt Help – What You Need to Know

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Licensed Insolvency Trustees (LIT) are licensed through the federal government. Many are accountants by trade and have specialized in debt management. They have completed an extensive program of training and examination. Jillian Taylor-Mancusi watched her father, Leigh Taylor, work as a Licensed Insolvency Trustee as she grew up. She saw how he helped people manage their debt and how it changed their lives. Jillian realized that she too wanted to be able to do the same. She received her Licensed Insolvency Trustee designation in 2007.

In this podcast, Jillian describes what her job entails. She also talks about:

• What a Licensed Insolvency Trustee is and what they do
• What kind of experience and qualifications are required
• What happens in an initial consultation with a Trustee
• What kind of people become clients
• What makes this job a worthwhile profession

Licensed Insolvency Trustee are federally regulated and are the only debt professionals with access to all debt relief options. They can help you take control of your debt.

Jillian is a Licensed Insolvency Trustee in Manitoba and Northern Ontario. She has been working in the insolvency field since 1992. A member of the Canadian Association of Insolvency and Restructuring Professionals (CAIRP), Jillian also serves as chair for Dressage Winnipeg.

• LCTaylor Licensed Insolvency Trustee
• A Local Licensed Insolvency Trustee
• Meet the LCTaylor Team of Local Manitoba Debt Help Experts

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Statistics Canada says the ratio of household debt to disposable income has hit a record level. Canadians are taking on more debt. Looking for ways to get debt relief can be a stressful and bewildering process. In this podcast, Licensed Insolvency Trustee Jillian Taylor-Mancusi talks about her experiences working with people dealing with unmanageable debt. She shares the Bankruptcy questions she most frequently gets asked and also gives her advice on how to reframe these questions.  

The five topics that Jillian addresses are:

• Avoiding Bankruptcy and managing debt
• Losing homes and cars
• Damage to credit rating
• How spouses may be affected
• Will employers find out

Licensed Insolvency Trustees are federally regulated and approved by the Canadian government. With their extensive knowledge of financial services, they will give you honest advice and help you find a solution to your debt problem.

Jillian is a Licensed Insolvency Trustee in Manitoba and Northern Ontario. She has been working in the insolvency field since 1992. A member of the Canadian Association of Insolvency and Restructuring Professionals (CAIRP), Jillian also serves as chair for Dressage Winnipeg.

• LCTaylor Licensed Insolvency Trustee
• Answers to the 7 Most Important Bankruptcy Questions
• 7 Benefits of Bankruptcy in Manitoba to Consider

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Sitting down and talking about your financial values is going to help your relationship be much more open now and in the years to come. Discussing finances early on in your relationship is one of the best ways to make sure you both can get on the same page. It is important to understand each other’s financial status, expectations, and habits when it comes to money. You can then make informed financial decisions based on mutual agreements.

Francyne Myers, Licensed Insolvency Trustee with Allan Marshall & Associates speaks to the importance of having these difficult money conversations with your partner. She advocates for the ‘sooner rather than later’ approach that could save relationship problems down the road. 

Francine also speaks about:

• The important questions to ask your partner about their financial values
• The honeymoon stage early in relationships and the importance of having financial conversations 
• Power struggles around how to spend money
• Advantages and disadvantages of having separate accounts
• When your kids become adults and evolving your role from parent to consultant

Licensed Insolvency Trustees are considered some of the best financial advisors in the country and the only ones licensed by the federal government of Canada. With their knowledge and expertise you can be assured they will give you the best unbiased advice.

In 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.

• Allan Marshall & Associates Licensed Insolvency Trustee
• Avoiding Financial Stress in Your Relationship
• How Will Filing a Consumer Proposal Affect My Spouse?

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Women have made gigantic strides toward equality in recent years but still face financial challenges that men don’t. It’s hard to believe that, in this day and age, women are still not considered equals when it comes to money management. This podcast takes a look at the myths surrounding women and money. Licensed Insolvency Trustee, Francyne Myers shares her insights gathered over the 20 years she has been working with people in debt. 

Along with busting the myths around women’s poor money management skills, she also discusses:

• How women (and men) get into debt
• The influence social media has on young women
• Why you’re not responsible for the financial health of others
• How to teach kids about money and how to stand on their own 2 feet
• Having difficult conversations and setting boundaries with your kids
• What is disposable income and how to increase it 

Licensed Insolvency Trustees like Francyne Myers are federally regulated and approved by the Canadian government. With their extensive financial knowledge, they will give you honest advice about how to deal with unmanageable debt.

In 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.

• Allan Marshall & Associates Licensed Insolvency Trustee
• Myths About Bankruptcy
• Considering Hiring a Financial Advisor to Help Manage Your Money? Here’s What You Need to Know

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Many Christians and people of faith feel guilty about not being able to pay their debts. Is it righteously or morally wrong to file for Bankruptcy, knowing it would mean not being able to adhere to the original terms of agreement with creditors? Bonnie Hooley is a Licensed Insolvency Trustee and a person of faith. In this podcast she shares her experiences working with people who have concerns about managing their debt with their religious beliefs. Is it morally wrong to file for Bankruptcy? 

This podcast explores some of the issues including:

• How will I be seen in the eyes of my community
• Which verses in the Bible refer to not paying your debt
• What should people of faith do when they are struggling financially
• Can I bring someone from my church to the consultation for support 
• Why Bankruptcy is the wrong choice if you goal is not to pay your creditors

Licensed Insolvency Trustees are not going to judge you. knowing that debt can happen to anyone at any time. They have access to all the debt relief options and can assist you with everything from budgeting to Bankruptcy.

Bonnie 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.

• LCTaylor Licensed Insolvency Trustee
• Your Fastest Way Out of Debt in Manitoba
• 5 Mistakes Not to Make When in Debt

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During the ongoing pandemic, Canadians have increasingly relied on the internet to conduct everyday activities. But with increased activity online scams have also been on the rise. People of all ages can become victims of fraud. The Canadian anti-fraud centre estimates that less than 5% of fraud victims report their occurrences. Today’s podcast delves into online fraud. Licensed Insolvency Trustee, Bonnie Hooley discusses the different types of scams and how anyone can become a victim. She answers these questions and more:

• Who are the most likely people to be victims of online fraud
• How to protect yourself from being scammed
• What are the red flags and warning signs
• Will you be liable for the debts if you have been scammed
• Why Bankruptcy can be a good option 

Licensed Insolvency Trustees are federally regulated and approved by the Canadian government. With their extensive knowledge of financial services and debt relief options, you can be assured that you are getting the best qualified advice.

Bonnie 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.

• LCTaylor Licensed Insolvency Trustee
• Expert Tips to Protect Yourself From Financial Fraud
• How to Spot Canadian Debt Relief Scams in Manitoba

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Technology has changed our world in many profound ways. It really is impossible to ignore it. With the high price of cell phone, internet and streaming services it’s hard to remember that there are pieces of tech and software that can actually help you save money. Mary-Ann Marriot, Licensed Insolvency Trustee with Allan Marshall & Associates explores ways of using technology to save money. She offers advice on:

• Points cards and how to stack points
• Cash back apps and how to increase your earnings
• No-fee banking and asking your bank for a break on fees
• Using technology for selling items
• Budgeting and tracking expenses with MINT
• Increasing your credit score with a credit establishment program

Licensed Insolvency Trustees are federally regulated and approved by the Canadian government. With their extensive knowledge of financial services, they will give you honest information

Mary-Ann Marriot 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.

• Allan Marshall & Associates Licensed Insolvency Trustee
• 8 Tips to Take Charge of Your Finances
• My Paycheck Never Lasts: Tips for Budgeting to Cover Bills

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