What Does It Really Cost To Go Bankrupt?

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

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?

Apr 25, 2015

Show #34 - Full Transcript - FAQ Show: Cost of Bankruptcy

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

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 […]

Apr 25, 2015

Smart Ways To Pay Off Debt

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

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.

Apr 18, 2015

Show #33 - Full Transcript - Smart Ways To Pay Off Debt

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

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 […]

Apr 18, 2015

Should You Pay Down Debt Or Invest In RRSP?

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

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?

Apr 11, 2015

Show #32 - Full Transcript - Pay Down Debt or Invest?

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

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 […]

Apr 11, 2015

New Surplus Income Limits for 2015

J. Douglas Hoyes, Bankruptcy Trustee Ontario
Posted in Personal Bankruptcy
Posted by J. Douglas Hoyes, CPA, CIRP, CBV - TRUSTEE

The Office of the Superintendent of Bankruptcy has announced the new surplus income limits for 2015 bankruptcy filings: Family Size Income Threshold 1 $2,062 2 $2,567 3 $3,156 4 $3,831 5 $4,345 6 $4,901 7 $5,456 You can read more about the 2015 Bankruptcy Guidelines on our surplus income payments page, or you can use our […]

Apr 8, 2015

How To Get A Mortgage Even After Bankruptcy

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

We talk with mortgage agents Michael Smele and Bev Gay about whether it's possible to buy a house after, or even during, a personal bankruptcy or consumer proposal. They each give their opinion about who can qualify for a mortgage and what options are available to individuals with poor credit.

Apr 4, 2015

Show #31 - Full Transcript - Do I Qualify For A Mortgage?

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

Listen to the podcast How To Get A Mortgage Even After Bankruptcy 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. I know that whenever I talk to someone in financial difficulty and they realize they're going […]

Apr 4, 2015

Should I Borrow To Pay Off My Consumer Proposal Early?

J. Douglas Hoyes, Bankruptcy Trustee Ontario
Posted in Consumer Proposals
Posted by J. Douglas Hoyes, CPA, CIRP, CBV - TRUSTEE

I heard an ad on the radio today for a finance company offering loans to people who are in a consumer proposal.  The pitch was, “use your car or house as security for a loan to pay off your consumer proposal.”  Is this a good idea?  Perhaps, but only in very specific circumstances. Advantages of Borrowing […]

Apr 2, 2015