What is a Licensed Insolvency Trustee?

Ted Michalos student loan debt
Posted in Bankruptcy Trustee
Posted by Ted Michalos, BA, CPA - LIT

Bankruptcies and consumer proposals in Canada are debt restructuring options available under the Bankruptcy & Insolvency Act. Increasingly today consumers are choosing to file a consumer proposal and avoid declaring bankruptcy. In order to help consumers more easily recognize and identify individuals licensed to provide debt restructuring services (both bankruptcies and consumer proposals) under the […]

Are You Prepared For The Unexpected?

Podcasts
Posted in Debt Free In 30
Posted by J. Douglas Hoyes, CA, CPA, CIRP, CBV - LIT

Today on Debt Free in 30, Promod Sharma from Taxevity explains why having life insurance is as important as creating a an emergency fund and how to choose the best coverage and advisor for you.

Life Insurance & Planning For The Unexpected - Full Transcript - Show #76

J. Douglas Hoyes, Bankruptcy Trustee Ontario
Posted in Debt Free In 30
Posted by J. Douglas Hoyes, CA, CPA, CIRP, CBV - LIT

On this episode of Debt Free in 30, Promod Sharma, an Actuary at Taxevity in Etobicoke, explains how having insurance can save you money and why having the right insurance is so important.

Should I Buy Debt Relief Services Over The Phone?

J. Douglas Hoyes, Bankruptcy Trustee Ontario
Posted in Debt Help
Posted by J. Douglas Hoyes, CA, CPA, CIRP, CBV - LIT

I’ve been hearing stories from clients who, before contacting our firm, received a phone call at home offering debt relief and debt management services. The telemarketing pitch goes something like this: “Do you have any credit card debt or bank loans that you want to reduce faster? We offer a government debt relief program that will […]

Recovering from More Than Debt Problems

J. Douglas Hoyes, Bankruptcy Trustee Ontario
Posted in Testimonials
Posted by J. Douglas Hoyes, CA, CPA, CIRP, CBV - LIT

It takes courage to turn your life around when you've made poor choices. Recently, one of our Barrie clients inspired everyone on our team with his amazing recovery story from his debt problems - and more. He now truly has a fresh start. Transcript: To Whom This May Concern My name is James XXXXXXX. I wanted to take […]

Tips to Protect Yourself From Identity Theft and Fraud with Kelley Keehn

J. Douglas Hoyes, Bankruptcy Trustee Ontario
Posted in Debt Free In 30
Posted by J. Douglas Hoyes, CA, CPA, CIRP, CBV - LIT

Listen to our full podcast for tips on how to protect yourself from identity theft and fraud from author and personal finance expert Kelley Keehn. Kelley's newest book is Protecting You and Your Money, a Guide to Avoiding Identity Theft and Fraud.

Who Do Licensed Insolvency Trustees Work For?

Ted Michalos student loan debt
Posted in Bankruptcy Trustee
Posted by Ted Michalos, BA, CPA - LIT

The market is currently flooded with debt advice businesses offering to help consumers with excessive debt.  The vast majority are unlicensed and unregulated 'debt consultants' not licensed insolvency trustees. Many simply charge a substantial fee and then simply refer debtors to a licensed insolvency trustee to deal with their debts. A bankruptcy trustee is now called […]

The True Cost of Debt With Meg Penstone

Podcasts
Posted in Debt Free In 30
Posted by J. Douglas Hoyes, CA, CPA, CIRP, CBV - LIT

Payday lenders charge 500% interest, or more. On this episode of Debt Free in 30, Meg Penstone explains the cost and gives advice for recognizing the warning signs of debt.

The Cost Of Debt - Full Transcript - Show #74

J. Douglas Hoyes, Bankruptcy Trustee Ontario
Posted in Debt Free In 30
Posted by J. Douglas Hoyes, CA, CPA, CIRP, CBV - LIT

Meg Penstone, Manager of the financial health and literacy unit at Family Counselling & Support Services Guelph explains why it's so easy to get into debt and gives advice and tips to get out of it.

Debt Snowball Method vs High Interest First

J. Douglas Hoyes, Bankruptcy Trustee Ontario
Posted in Debt Help
Posted by J. Douglas Hoyes, CA, CPA, CIRP, CBV - LIT

When it comes to getting out of debt many popular authors like Gail Vaz-Oxlade have developed effective systems and offered great suggestions that can help you get out of debt and, most importantly, help you avoid going back into debt. One of the more common get out of debt methods found throughout the internet is the “Debt Snowball” […]