Today's podcast guest, James, is a real life client who talks about his drug addiction and recovery and how bankruptcy helped him deal with the debts he accumulated while an addict. It's an inspiring story for anyone battling addiction and debt problems.
When it comes to determining how to get 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 […]
Debt isn't always about the numbers. On this episode of Debt Free in 30, Melanie Lockert explains how to overcome the emotional side of debt & why we shouldn't internalize our feelings about it.
Even a bankruptcy discharge can be seen as a good gift, at least according to a happy Hamilton couple we've heard from this week after receiving their certificate of discharge. Thank you very much, the best Christmas present and a great start to the New Year. We would like to thank everyone at Hoyes Michalos for helping […]
When you need to file a consumer proposal, where to file depends on two factors: Who is legally able to file a consumer proposal for you; and How the Bankruptcy & Insolvency Act defines your ‘location’. In order to file a consumer proposal, you first need to meet with a licensed trustee. Your initial discussions […]
Thirty years ago no-one had a cellphone. Today, almost everyone in Canada over the age of 10 has a smartphone for on the go and cable and internet service at home. So do you lose those services if you file a consumer proposal or bankruptcy? The truth is the answer doesn’t boil down to technical […]
Even debts that appear moderate at first can cause financial problems when something unexpected happens. Job loss, divorce and illness are some of the primary reasons why people end up turning to a bankruptcy trustee for financial help as discovered by a young Cambridge, Ontario couple coping with the impact of an unexpected illness of their […]
Collection agents and acquaintances are not always honest. On today's Debt Free in 30 episode, we talk with industry experts to hear their scary debt stories and how they handled each situation.
Financial problems can happen at any age. While the average age of the typical bankrupt person we see is in their mid-40s, we have helped individuals as young as 18 and as old as 91. Although filing insolvency is fairly rare for people in their 20s, it is not uncommon. In fact, a study by our […]
We talk with Jonathan Chevreau about how to adopt a form of guerilla frugality in order to get out of debt, stay out of debt and reach your goal of financial freedom.