139 - Facing Bankruptcy: What to Do Before, During and After You File

DebtMatters Podcast

The mere mention of the word Bankruptcy can send shivers down most people’s spines, but it doesn’t have to be a scary process. As with most fears, they stem from the ‘unknown’. Most people who have been through a Bankruptcy don’t tend to share their experiences. This podcast is meant to lift the curtain on this debt relief option and take the mystery out of it.

Julie Drane, Licensed Insolvency Trustee describes the steps involved, before, during and after you have filed for Bankruptcy.

She discusses:

• How to tell when it’s time to seek help
• Steps you should take before filing for Bankruptcy
• Process of filing with your Licensed Insolvency Trustee
• What a Stay of Proceeding does
• Rebuilding credit after your discharge

If you are unsure of where to turn, a Licensed Insolvency Trustees should be your first call. They are considered some of the best debt professionals in the country and the only ones licensed by the federal government of Canada. The initial consultation is always free and you can be assured that you will receive unbiased advice.

About Julie Drane

Julie began her career in the insolvency industry in 1997 with Canada Trust, Citi Financial and then with a corporate trustee. She achieved her goal of becoming a Licensed Insolvency Trustee in 2008 and now focuses on consumer insolvency.

Julie’s depth of knowledge and commitment to service allows her clients to find the best option for a fresh start. She is now working in the Victoria, BC offices.

Additional Resources

• Allan Marshall & Associates Licensed Insolvency Trustee
• Why You Should Open a New Bank Account Before Filing a Bankruptcy or Consumer Proposal
• FAQ about Bankruptcy