15 - Debt Solutions for People With Debt

A recent survey showed that 43% of Canadians added to their existing debt thanks to the pandemic. With the added pressure of inflation - many are feeling the strain of making ends meet. Every person in Canada has the option to reach out to a Licensed Insolvency Trustee to find a way to reduce their debt and resolve their financial issues. 

In this podcast, John Adamson, Licensed Insolvency Trustee, discusses the two most popular options of debt relief. Today’s discussion focuses on the differences between filing a Consumer Proposal and Bankruptcy.

Questions answered include:

• What happens when I can’t service the debt I have
• How a Consumer Proposal affects your credit rating to a lesser degree than Bankruptcy
• Will you lose your car or home when you become insolvent
• The benefits of filing a Consumer Proposal vs Bankruptcy
• How credit counseling can identify problems and help with budget planning for the future

Licensed Insolvency Trustees are federally regulated and approved by the Canadian government. They are the ones that will give you honest advice about all the options that are available for your unique financial situation.. Get the facts from an experienced debt expert before you make any decisions.

John founded Adamson & Associates Inc. in 1996. His experience includes more than 25 years of helping individuals, small business owners find solutions to their financial problems. John is approachable, easy to talk to and enjoys helping people solve their debt challenges. 

Adamson & Associates - Licensed Insolvency Trustee

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