Bankruptcy. We see it as one of those ugly, better-left-unsaid words that elicit a strongly negative reaction. But is our distaste completely warranted? Sure, it’s not a pleasant concept, but so much of the stigma attached is due to commonly believed myths about bankruptcy that emerge from misconceptions and misinformation. We hear certain myths about […]
On today's show, Ted Michalos talks about the cost of bankruptcy. He begins the show by rethinking the way we look at bankruptcy as asks the question does it cost or save you money?
Listen to podcast What Does It Really Cost To Go Bankrupt? Doug: Welcome to Debt Free in 30, where every week we take 30 minutes and talk to industry experts about debt, money and personal finance. I’m Doug Hoyes. It’s the end of the month, so that means it’s time for another Frequently Asked Questions show […]
By the time a person reaches a certain age, everyone knows it’s bad form to continue to blame one’s parents for their own struggles. Sure, they may be responsible for your poor vision and lack of musical pitch, but is it right that they bear accountability for your financial difficulties? As it turns out, they […]
Many fear filing bankruptcy because they are concerned that they will not be able to borrow money after bankruptcy. The truth is if you have more debt than you can repay, bankruptcy or a consumer proposal is the first step in beginning the credit repair process. Rebuilding your credit is easier if you understand how […]
Today I talk with Leigh Taylor, Trustee in Bankruptcy and President of LC Taylor in Winnipeg and Northwestern Ontario. We discuss smart ways to pay off debt, including whether you should cash in your RRSP, co-sign a loan and when to consolidate your debts.
Listen to the podcast Smart Ways To Pay Off Debt Doug: Welcome to Debt Free in 30, where every week we talk to industry experts about debt, money and personal finance. I'm Doug Hoyes. When it comes to paying off debt, there are both good and bad ways to tackle the problem. Should you use […]
The world is an interesting place and if you can imagine something, then someone, somewhere can find a way to sell it to you; even if the information is available for free. Really. Case in point – bankruptcy advice. A not so little industry has been created in the last decade made up of people […]
On today's show I talk with Vikram Barhat, a financial writer based in Toronto whose work has appeared on the BBC, Morningstar Canada and The Globe and Mail. He writes about investing, personal finance, wealth management and real estate. Vikram answers the question, should we pay down our debt or invest in an RRSP?
Listen to the podcast "Should You Pay Down Debt or Invest In RRSP" Doug: Welcome to Debt Free in 30, where every week we take 30 minutes and talk to industry experts about debt, money and personal finance. I’m Doug Hoyes. So, let’s say you just got an unexpected thousand dollar bonus at work. What […]
Debt problems are stressful. They are difficult to deal with as an individual and can tear apart adult relationships; so it’s pretty obvious why it may be tempting not to talk to your kids about your money problems. While your instinct may be to protect your children by keeping them in the dark about a difficult financial […]