DebtMatters Podcast

Brenda breaks down the key differences between Bankruptcy, Consumer Proposals, and credit counselling, while addressing common misconceptions—like whether you’ll lose your home or vehicle. She also shares warning signs of financial trouble and the relief Canadians often feel once they take that first step toward a fresh start. If you’ve been stressed about debt and unsure of your options, this episode offers clarity, encouragement, and practical solutions. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Glenn reflects on how building trust, listening with empathy, and offering clear financial solutions can not only change a person’s circumstances—but heal families. You’ll also hear Glenn’s thoughts on financial education, budgeting tips, and the community outreach work he’s passionate about.Whether you’re struggling with debt or just want a deeper look at the human side of insolvency work, this episode offers both insight and hope.👉 Need help? Free consultations available at WeCanHelp.ca or call 1-888-371-8900. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

They discuss the emotional toll of carrying student loans, how rising living costs make repayment harder, and why many young Canadians are turning to debt relief options. Mary Ann explains the rules around student loan forgiveness, including the seven-year and five-year hardship provisions, and highlights repayment assistance programs that may help borrowers before considering insolvency. If you’re struggling with student debt, this episode provides practical guidance, hope, and clear next steps. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

With household debt levels among the highest in the G7, Brenda explains why car loans, rising mortgage renewals, and payday loans are trapping Canadians in a cycle of financial stress. She also shares practical steps for regaining control — from simple budgeting habits to the debt snowball method — and explains when it’s the right time to reach out to a Licensed Insolvency Trustee. Whether you’re overwhelmed by bills or just want to manage money smarter, this episode offers strategies you can use today. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

You’ll hear how the initial consultation works, what debt solutions are available (like Consumer Proposals and Bankruptcy), and how most people are surprised to learn they won’t lose everything.Glenn also shares emotional stories of clients who found hope again, showing why compassion, not judgment, is at the heart of every conversation.If you or someone you love is struggling with debt, this episode is a must-listen. You’re not alone, and there is a way forward. For free, no-obligation debt help, call 1-888-837-1800 or visit allanmarshall.ca. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

From fear, stress, and embarrassment to the strain it puts on families, Mary Ann shares real stories of how financial struggles impact daily life. She also explains why silence around money keeps people stuck and how simply talking about debt can bring relief. Most importantly, listeners will learn what first steps to take if they’re feeling overwhelmed, including how to access free, confidential advice from a Licensed Insolvency Trustee. Tune in to discover how you can move from stress and shame toward hope and control. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Wayne Kay sits down with Derek Chase, Licensed Insolvency Trustee at Chase and Associates, to explore the warning signs of financial hardship and what Canadians can do when they spot these red flags.Key topics discussed include:Signs of financial trouble: Learn how collection calls, overdrafts, and rising debt are red flags.The emotional toll of debt: Find out how ignoring financial issues can lead to stress and strain relationships.Taking action early: Discover why addressing debt early can provide more options and prevent further damagePlus: Evaluating your finances: Learn how to take stock of your assets, debts, income, and expenses.Cutting unnecessary expenses: Tips on trimming wasteful spending to free up money fast.Avoiding high-interest loans: Understand why payday loans often worsen any money problems.“Recognizing the signs early and taking action can mean the difference between a financial reset and financial ruin.” — Derek ChaseDebt doesn’t have to feel shameful. It’s more common than you think, and there are plenty of ways to tackle it. From smarter budgeting, selling unused assets, or professional help—options are available. Listen in to learn more:Additional ResourcesChase & Associates Licensed Insolvency Trustee5 Debt Warning Signs & How to Deal With ThemWhen Should I Seek Debt Relief? Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Wayne Kay sits down with Derek Chase to unpack the growing rise of Consumer Proposals in Canada. Find out how they work, who qualifies, and why more Canadians are choosing them over Bankruptcy as a debt solution. Key topics discussed include:Why Consumer Proposals are gaining popularity: Look at the reasons more Canadians are turning to this option for structured debt relief and asset protection.The impact on credit: Explore how a Consumer Proposal affects your credit rating and what it means for rebuilding moving forward. Is it the right fit for you: Break down the factors to consider when deciding if a Consumer Proposal aligns with your income, debt type, assets, and financial goals.Plus: Secured vs. unsecured debt: The difference between debts tied to assets and those that aren’t—and why each requires a different repayment strategy.Alternative debt relief options in Canada: From debt consolidation to Bankruptcy, explore the full range of solutions available to Canadians.“The key to choosing the right path is looking at your cash flow—not just this month, but the next and the one after that.” — Derek ChaseStruggling with debt doesn’t mean you’re out of options. Consumer proposals offer a practical path forward—one that’s affordable, legal, and designed to give you room to breathe. Tune into the podcast to learn how.Additional ResourcesChase & Associates Licensed Insolvency TrusteeConsumer Proposals: 10 Reasons It’s the Top Debt Relief Solution for BC ResidentsIs a Consumer Proposal Right for Me? Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The holiday season is a time for joy and celebration. Yet for many, it can also bring financial stress. In this episode, debt expert Matt Fader discusses how to avoid the common pitfalls of holiday overspending. From budgeting for predictable holiday expenses to setting realistic expectations for gift-giving, discover how you can manage the financial pressure of the season. Key Points Discussed:Holiday shopping norms: Dive into the commercial pressures that encourage overspending during the holidays.Holiday budgeting tips: Learn practical strategies for saving and seasonal preparation.Managing holiday expectations: Explore healthy holiday boundaries with family and friends to help limit financial strain.Spending impact: Find out how to prevent carrying debt into the new year.Matt also provides insights on how to make holiday memories meaningful—without focusing on material items. Ensure that the season is about experiences, not expenses.Additional ResourcesVacation and Debt: 3 Ways to Enjoy a Holiday Without Breaking the BankHoliday Debt: Recover From Your Christmas DebtTop 8 Ways to Avoid the Christmas Shopping Hangover Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

This week's Debt Matters podcast features host Wayne Kay with Matt Fader from Allan Marshall & Associates. Together they discuss the key steps needed to turn financial dreams into actionable goals. The focus centres on the importance of clear objectives and how to stay motivated throughout your savings journey. Matt also shares insights on setting realistic financial goals and how to avoid common pitfalls that might discourage you along the way (celebrate the small wins!). Listen in for practical advice on how to make progress toward financial security.Key Points Covered Include:Setting clear financial goals: Matt shows how to create clear, well-defined financial objectives and explains why this clarity helps guide saving efforts.Using good goal-tracking techniques: Matt shares practical tips on how to track your progress. He also suggests tools you can try, from pen and paper to more complex digital methods.Staying motivated: Matt teaches strategies that help you maintain focus (e.g. celebrating small milestones that boost confidence and keep a positive outlook).Earning financial flexibility: Matt touches upon the significance of allowing yourself to spend money so you avoid the trap of hoarding.Planning your emergency fund: Matt defines healthy emergency savings goals so that you have a safety net in place.For anyone who needs help making their financial dreams a reality, this episode contains the tips and tricks you need: Additional ResourcesPractical Budgeting Tips to Keep Your Finances on Track in 2024Bad Money Habits and How to Break ThemThe 4 Best Personal Finance Apps in Canada for Debt Management & Budgeting Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode of the Debt Matters podcast, Wayne Kay speaks with Licensed Insolvency Trustee Derek Chase about the personal and emotional toll included with debt. Key topics discussed include:Mental health: Debt can have a lasting impact on your emotional well-being.Opportunity loss: Debt can limit or change your life trajectory and overall lifestyle.Financial stress management: Learn practical steps to manage the stress caused by debt.Coping tools: Discover the importance of physical activity and communication to manage the emotional strain of debt.Seeking advice: Reaching out to professionals or support networks for financial planning that can provide relief.DIY debt relief: Find financial planning resources that ease the debt burden.Staying calm: How to avoid rash decisions (like liquidating your assets) and earn peace throughout the debt process.If financial problems are weighing you down, listen to today's Debt Matters podcast for more insights on how to manage the emotional cost of debt. Additional ResourcesChase & Associates Licensed Insolvency Trustee5 Ways to Improve Your Finances in 2024Debt Relief BC – Real Debt Solutions To Help With Your Debt Problem Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode of the Debt Matters Podcast, host Wayne Kay speaks with Derek Chase from Chase & Associates Licensed Insolvency Trustee about the financial challenges single moms face after a divorce. Learn the steps single parents can take to rebuild their stability.Key Topics Covered:The financial impact of divorce: Divorce affects up to 40% of marriages and causes money struggles, especially for single moms.The connection between marriage and finances: Relationship changes, including divorce, are one of the leading causes of financial insolvency.Seeking advice: Professionals like accountants, investment advisors, or a Licensed Insolvency Trustee provide helpful financial assistance for single moms. They also provide debt relief for couples you divorce with debt. Initial steps for newly single parents: Learn how to take stock of your assets and liabilities and better understand your financial situation. There are even single mom grants you can take advantage of. Creating individual accounts: Open a new bank account at a different institution so you have control and protection over your finances.Establishing credit: Establish your own credit and avoid liabilities tied to your former spouse.If you are a single mom, tune in for actionable insights on how to regain financial stability post-divorce.Additional ResourcesChase & Associates Licensed Insolvency TrusteeDebt and Divorce: A Common Cause of BankruptcyDebt and Dating Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Surveys have found that while most Canadians agree that having a budget is a good thing - less than half do. Learning how to set up a budget and stick with it lets your money know that you are taking charge. So what is the secret to budgeting? And how do you stick to the goals you have set? Licensed Insolvency Trustee, Brenda Wood shares some tips and strategies to make a realistic budget that will work for you. Topics covered are:The psychological aspect of seeing your budget workBudgeting tools - online and on paperThe 4 simple steps to create a sensible budget Slippery slope of using credit cards as a form of incomeUsing S.M.A.R.T. goal setting guidelinesCreating future financial goals when you have surplus/savingsIf you are struggling with your finances, a Licensed Insolvency Trustee should be your first call. Regulated by the federal government of Canada, you can be assured of unbiased advice in your free initial consultation. About Brenda WoodBrenda started in the insolvency industry in 1995 and earned her Licensed Insolvency Trustee designation in 2006. She has a long history of volunteering with the Canadian Association of Insolvency and Restructuring Professionals (CAIRP) where she has served as a member and presented at events. Brenda received the CAIRP Outstanding Volunteer Award in 2012 in recognition of her service.Outside work, you’ll find Brenda at the ice rink, ball field or camping at one of the beautiful Nova Scotia campgrounds. Additional ResourcesAllan Marshall & Associates Licensed Insolvency TrusteePractical Budgeting Tips to Keep Your Finances on Track in 2024My Paycheck Never Lasts: Tips For Budgeting To Cover Bills Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Whether you are applying for a new cell phone plan or a mortgage, your potential creditors want to understand your financial history and your ability to repay debt. Your credit score and report will help them decide whether they want to do business with you. But most people don’t know a lot about their credit report and credit score. Today’s podcast looks at the difference between the two and how you can improve your score. Licensed Insolvency Trustee, Brenda Wood, also covers the following topics:Why you should be checking your credit report oftenThe difference between a hard and soft credit hitWhat shows up on a credit reportHow scores are calculated and why they fluctuateWhat is a credit rating and where it appearsThings you can do to improve your scoreLicensed Insolvency Trustees are federally regulated and follow a strict code of ethics as well as government regulations. From budgeting to Bankruptcy, you can be assured of unbiased, non-judgemental advice.About Brenda WoodBrenda started in the insolvency industry in 1995 and earned her Licensed Insolvency Trustee designation in 2006. She has a long history of volunteering with the Canadian Association of Insolvency and Restructuring Professionals (CAIRP) where she has served as a member and presented at events. Brenda received the CAIRP Outstanding Volunteer Award in 2012 in recognition of her service.Outside work, you’ll find Brenda at the ice rink, ball field or camping at one of the beautiful Nova Scotia campgrounds. Additional ResourcesAllan Marshall & Associates Licensed Insolvency TrusteeWhat Does Your Credit Report Say About You?Your Credit Score in Canada: What You Should Know Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Statistics show that Canadians are falling deeper into debt. With high inflation and interest rates, most of us are under a lot of financial pressure as we combat the rising cost of living. Carrying debt can put a strain on our financial health and emotional well-being but It can be hard to find the right debt relief solution.Licensed Insolvency Trustee, David Macdonald tackles this problem. Having a plan to cut your debt is the first step to becoming debt free. In this podcast David discusses:The negative connotations toward the word ‘budgeting’Accurately identifying your expenses and income Free resources to improve your financial literacyBudgeting apps that can make your life easierThe most important things NOT to do to try to lessen your debtWhen it’s time to talk to a professionalLicensed Insolvency Trustees can help you get your finances back on track. They are considered some of the best debt professionals in the country and the only ones licensed by the federal government of Canada. About David MacdonaldDavid Macdonald has been helping people and small business owners resolve their financial problems since 2003 in British Columbia, Alberta and the Maritime provinces. He has been retained as a trusted advisor and service provider by many of Canada’s banks, private lenders, First Nations and the CRA. David brings a practical, down-to-earth approach to his work, without judgement. In his spare time he volunteers his time to a number of charitable and non profit organizations. Additional ResourcesAllan Marshall & Associates Licensed Insolvency TrusteeCan A Debt Management Plan Get You Back On Track?Debt Relief Options To Help You Get Out Of Debt Today Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Finding yourself with unmanageable debt doesn't usually happen overnight. It is often a slow unnoticeable process that might start with being a few hundred dollars short every month. But the sooner you take action, the more options will be available. You’ll have the ability to make decisions before your creditors do. If you think you are alone in this scenario, you would be mistaken. Licensed Insolvency Trustee, David Macdonald talks about taking a good look at your finances. How do you know how much debt is too much debt? David also covers:Debt statistics - what happened after the pandemicThe role banks are playing in the debt crisis Warning signs that let you know it’s time to seek professional helpUsing credit for day to day expensesIs overdraft protection really protecting you?Options that can help break the debt cycleResources that can help with financial literacyFederally regulated, Licensed Insolvency Trustees are knowledgeable in all aspects of debt management. You can be assured you are receiving the best unbiased advice from these knowledgeable debt professionals.About David MacdonaldDavid Macdonald has been helping people and small business owners resolve their financial problems since 2003 in British Columbia, Alberta and the Maritime provinces. He has been retained as a trusted advisor and service provider by many of Canada’s banks, private lenders, First Nations and the CRA. David brings a practical, down-to-earth approach to his work, without judgement. In his spare time he volunteers his time to a number of charitable and non profit organizations. Additional ResourcesAllan Marshall & Associates Licensed Insolvency TrusteeFinancial Management: Warning Signs Of Financial ProblemsSolutions to Financial Problems – Free Consultation & Debt Services Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Owing the Canada Revenue Agency (CRA) money can be overwhelming. This government agency has greater powers to collect compared to other creditors. What do you do when you simply cannot pay your outstanding tax debt?The good news is that there are ways that you can overcome debts owing to the CRA. In this podcast, Licensed Insolvency Trustee Leigh Taylor talks about the importance of filing your taxes and the steps you can take when you are unable to pay your outstanding taxes. Leigh also covers:How to avoid tax debt and consequences of not filingSolutions available if your tax debt is insurmountableIncluding tax debt when filing Bankruptcy or a Consumer ProposalTax laws for self employment, PST and GST tax remittancesWhat happens when tax debt is ignoredContacting a Licensed Insolvency Trustee to explore options Licensed Insolvency Trustees are federally regulated and experts in debt management solutions. They offer a free initial consultation at which time they will go through all the options available to you to help you break free from the cycle of debt. About Leigh TaylorLeigh 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.  Additional ResourcesLCTaylor Licensed Insolvency TrusteeCRA Debt: What You Need to Know and How to Resolve ItTax Debt: Looking into Unfiled Tax Returns in Canada Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Everywhere you turn there is another report or survey about Canadian’s record high indebtedness. And alongside those reports we are inundated with offers to help. But be cautious and know that the only debt relief program administered by the federal government is a Consumer Proposal. And the only professional who can file a Proposal is a Licensed Insolvency Trustee. If you are exploring your options, here is a good place to start. Licensed Insolvency Trustee, Leigh Taylor has been helping people with their debt for over 40 years. In this podcast he talks about:Recovering from overwhelming debtBasic budgeting and long term budgetingHow Consumer Proposals work and the key to having them acceptedStay of Proceeding that automatically stops collection activitiesDo-it-yourself proposals - advantages and disadvantagesLicensed Insolvency Trustees are certified from the Office of the Superintendent of Bankruptcy and are authorized to deal with creditors to negotiate debt repayment. They provide a free initial consultation and their fees are determined by the federal government.About Leigh TaylorLeigh 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.  Additional ResourcesLCTaylor Licensed Insolvency TrusteeFour Things a Consumer Proposal Can Do for You5 Ways to Get Manitoba Debt Help: Your Key to Debt Relief Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Debt cycles are easy to fall into but with a little planning and some discipline, you don’t have to keep spinning your wheels. Acknowledging that you’re trapped in a cycle of debt is a good place to start. In this timely podcast, Licensed Insolvency Trustee, Derek Chase, talks about strategies for managing debt. Other topics covered include:Payday loans and line of credit traps.Looking deeper into Intergenerational debt cycles Strategies to build momentum for savingsWays to increase your financial literacyImportance of a cash flow reviewIf you are looking for a way to break your debt cycle, speak with a Licensed Insolvency Trustee and be assured that you will get qualified advice. They are regulated and licensed by the Canadian government and will give you information you can trust. About Derek ChaseDerek 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.  Additional ResourcesChase & Associates Licensed Insolvency TrusteeHow to Break the Debt CycleWhen Should I Seek Debt Relief? Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

If you are already under stress as a result of your financial situation, it’s difficult to decide where to turn when looking for debt relief. Meeting with someone in person who has an office where you live can be helpful. Licensed Insolvency Trustee, Derek Chase explains the benefits of seeking out a local Trustee firm that you feel comfortable with. Meeting face to face can be reassuring, avoiding the pitfalls of doing business on the internet. Derek also discusses:The benefits of consulting with a Licensed Insolvency TrusteeThe strict code of ethics LIT’s must followWhy Bankruptcy is the last option discussedWhen to seek helpGetting fair and honest advice from a local LITLicensed Insolvency Trustees are federally regulated and experts in debt management solutions. They follow a strict code of ethics as well as government regulations. About Derek ChaseDerek 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.  Additional ResourcesChase & Associates Licensed Insolvency TrusteeCode of Ethics for Licensed Insolvency TrusteesThree Things to Know About Insolvency Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.