DebtMatters Podcast

There is no question that carrying a lot of debt can be stressful. While financial difficulties often lead to mental health problems - it is also probable that mental health problems can lead to financial concerns. Today’s podcast is about the effect that financial stress has on mental health. Leigh Taylor, Licensed Insolvency Trustee, explores how the two can go hand in hand and how to prevent a downward spiral.

Leigh relates stories from his many years of experience helping people deal with the stress of their financial problems. He also covers: 

• Where to turn for help
• How financial stress affects our mental health
• Best ways to alleviate anxiety around your debt problems
• Outcomes after meeting with a Licensed Insolvency Trustee

Licensed Insolvency Trustees can help you take control of your debt that may be affecting your mental health. They are considered some of the best financial advisors in the country and the only ones licensed by the federal government of Canada. 

Leigh 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. 

• LCTaylor Licensed Insolvency Trustee
• It’s Only Money and It Can Be Managed
• How Your Habits Can Impact Your Finances

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The Covid-19 pandemic has changed the way millions of Canadians work. Many people are finding that the money they could depend on coming in each month has now turned into irregular income. How can you make plans and live within a budget when the money that comes in varies from month to month? Licensed Insolvency Trustee, Leigh Taylor, tackles that question and shares his advice on handling finances with an irregular income. Other topics covered include:

• Tracking basic expenses
• Setting short and long term financial objectives
• Recognizing pitfalls
• Budgeting for annual expenditures  
• Building and emergency fund with automatic savings deposits

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

Leigh 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. 

• LCTaylor Licensed Insolvency Trustee
• Personal Finance: Why Review Your Finances
• Budgeting Tips for Smart Saving and Spending

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The millennial generation is typically the children of boomers born between 1981 and 1996 - which means the oldest members are starting to turn 40. One of the statistics about this generation is that they are, on average, holding more debt than their forebears. Today’s podcast looks at the millennial generation and their relationship with money. Matthew Fader, Licensed Insolvency Trustee with Allan Marshall & Associates, delves into what kind of debt is incurred by different age groups, and why. He also explores:

• The difference between how millennials versus boomers perceive money
• What is different today in the kind of debt millennials carry 
• The solutions and options available when they reach out for help
• How money has become easier to spend when the physicality has been removed

Whatever your age or generation you belong to, if you are dealing with unmanageable debt it may be time to reach out to a Licensed Insolvency Trustee. They are federally regulated and are the only debt professionals with access to all debt relief options. 

Matthew 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. 

• Allan Marshall & Associates Licensed Insolvency Trustee
• Solutions For Financial Problems, Debt Services & Free Consultation
• Financial Problems And Solutions From A Licensed Insolvency Trustee

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Millions of Canadians struggle with addictions and debt. Our concept about addictions has changed over the years. With the ongoing challenges of the COVID-19 pandemic, many seemingly innocent online activities can be turning into addictions without being noticed. Licensed Insolvency Trustee, Matthew Fader with Allan Marshall & Associates, takes a look at how addictions can affect household debt. Addictions are not as easy to spot these days - as online gambling and shopping have evolved over time. 

Matt also discusses:

• The different types of addictions
• When an activity becomes an addiction and how to identify it
• Who is susceptible and danger areas to watch out for
• How addictions affect couples and advice on how to work together
• When to seek help

Licensed Insolvency Trustees are licensed and regulated by the federal government of Canada. They are considered to be the best financial advisors and can help you take control of your debt.

Matthew 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. 

• Allan Marshall & Associates Licensed Insolvency Trustee
• Never Ending Debt And How To Stop It
• Reduce Your Financial Stress & Achieve Debt Relief

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

As living expenses rise faster than income, many Canadians are facing a heavy consumer debt load. Choosing a debt advisor is an important step in debt recovery. The market is flooded with unlicensed and unregulated ‘debt consultants’ who charge a fee and then refer debtors to a Licensed Insolvency Trustee. In this podcast Licensed Insolvency Trustee, Derek Chase, explains in detail who these professionals are and what they do. Other topics cover are:

• Licensed Insolvency Trustees qualifications and education
• Who protects the integrity of the insolvency process
• What a Bankruptcy lawyer does and the terms Chapter 7 and Chapter 11
• Financial Advisors and quality control of their industry
• How to prepare for your first meeting with a Licensed Insolvency Trustee and what to expect. 

Licensed Insolvency Trustees are federally regulated and approved by the Canadian government. They are the ones that will give you honest advice about all the options available to you. This podcast will help give you the confidence that you are choosing the right debt professional.

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
• Licensed Insolvency Trustees: How Are They Different from Other Options?
• Debt Help Services BC: Debt Solutions from Licensed Insolvency Trustee

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

According to the latest Stats Canada report there was $1.73 in ‘credit market debt’ for every $1.00 of household disposable income. Canadians are taking on more debt. But taking on debt is fine as long as most of it is ‘good debt’.  In this podcast Licensed Insolvency Trustee, Derek Chase takes a look at different kinds of debt. What is classified as ‘good debt’ and what is ‘bad debt’. Derek also offers advice on how to conquer bad debt. Other topics covered are:

• How to avoid bad debt
• How good debt can turn bad
• Why income tax debt is considered bad debt
• The most popular option to deal with tax debt

Licensed Insolvency Trustees are federally regulated and approved by the Canadian government. They are the ones that will give you honest advice about all the options available to you. 

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
• Good Debt vs Bad Debt: Understanding the Difference
• 5 Debt Warning Signs & How to Deal With Them

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

As the COVID-19 pandemic drags on, debt-ridden Canadians are seeing their quality of life diminish. Seventy percent of those surveyed say that new debt is making their quality of life worse. If you are struggling, you may be wondering just when you should be reaching out for help.

This podcast features Jillian Taylor-Mancusi, Licensed Insolvency Trustee with LCTaylor out of Winnipeg, Manitoba. She describes her experiences working with people who come in stressed and how they leave with a smile on their face, knowing they have options. 

Jillian also discusses:

• What to expect when you first meet with a Licensed Insolvency Trustee
• How much debt is too much and when you should seek help
• Cashing in RRSPs to pay down debt
• How a Stay of Proceeding stops collections and and when it takes effect
• The negative outcome of co-signing loans and lending money to family or friends

Licensed Insolvency Trustees are federally regulated and are knowledgeable in all aspects of debt management. Whether it’s budgeting or filing for Bankruptcy, you can be assured that they will give you honest advice to help you deal with 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 in Winnipeg
• Filing for Bankruptcy in Winnipeg, MB
• Declaring Bankruptcy for the First Time in Canada

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Although the COVID-19 pandemic has likely created more financial distress for Canadians, Bankruptcy filings have declined. However, there is often a delay between when people start to recognize the severity of their debt problems and when they take action. Who are the people that file for Bankruptcy? You may be surprised. Licensed Insolvency Trustee, Jillian Taylor-Mancusi of LCTaylor delves into who the typical debtor is and why they end up declaring Bankruptcy. 

Jillian also explores:

• Why Bankruptcy filings have gone down and what may happen in the future
• The average amount people who file for Bankruptcy owe
• The warning signs you may be heading for Bankruptcy
• When to reach out to a Licensed Insolvency Trustee and why sooner is better than later

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

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 in Winnipeg
• LCTaylor Debt Services
• $200 Away from Bankruptcy

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

While it may be flattering to receive a line of credit offer or a pre-approved credit card limit increase, you should think twice before accepting. You need to weigh the benefits against the risks. While there are a few instances in which a credit limit increase would be to your advantage. On the flip side, having more credit available than you need could lead to problem debt. 

In this podcast episode, Francyne Meyers, Licensed Insolvency Trustee with Allan Marshall & Associates, looks at the advantages of accepting a credit limit increase. She also weighs in on the disadvantages and what you need to be aware of. 

Other questions answered are:

• What effect a credit limit increase has on your credit score
• Why credit card companies want to increase your limit
• When is it to your advantage to accept the offer of an increase or line of credit
• How to choose the credit card best suited to you

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

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
• What Does Your Credit Report Say About You?
• Free Credit Report in Canada: What You Need to Know

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Your credit rating is a score that is used by potential lenders that tells them how much of a credit risk you may be. Most people know they need a good credit history to give them a good credit score. Few of us know how the scoring system works or what we can do to improve our ratings. In today's podcast Licensed Insolvency Trustee, Francyne Myers of Allan Marshall & Associates, sheds some light on this subject. She explains what a good credit score is and how to obtain one. A few of the other topics discussed are:

• Why it is important to have a good credit score and how to increase it
• What a ‘good’ score is versus a ‘bad’ score
• Why your bank may turn you down even with a high score
• Indicators that there are mistakes on you credit report
• The difference between the major reporting services and companies like Borrowell and Credit Karma

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

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
• What Is a Good Credit Score in Canada?
• What Does Your Credit Report Say About You?

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.