37 - Reconciling Debt Overload With Your Faith

Many Christians and people of faith feel guilty about not being able to pay their debts. Is it righteously or morally wrong to file for Bankruptcy, knowing it would mean not being able to adhere to the original terms of agreement with creditors? Bonnie Hooley is a Licensed Insolvency Trustee and a person of faith. In this podcast she shares her experiences working with people who have concerns about managing their debt with their religious beliefs. Is it morally wrong to file for Bankruptcy? 

This podcast explores some of the issues including:

• How will I be seen in the eyes of my community
• Which verses in the Bible refer to not paying your debt
• What should people of faith do when they are struggling financially
• Can I bring someone from my church to the consultation for support 
• Why Bankruptcy is the wrong choice if you goal is not to pay your creditors

Licensed Insolvency Trustees are not going to judge you. knowing that debt can happen to anyone at any time. They have access to all the debt relief options and can assist you with everything from budgeting to Bankruptcy.

Bonnie Hooley has worked in the insolvency field for over 40 years. She attained her Licensed Insolvency Trustee license in 1999 and is the Past President of the Manitoba Association of Insolvency and Restructuring Professionals (MAIRP). Over the years, she has served on various boards within her community.

• LCTaylor Licensed Insolvency Trustee
• Your Fastest Way Out of Debt in Manitoba
• 5 Mistakes Not to Make When in Debt