9 - Debt Help: Bankruptcy for Senior Citizens

Not everyone sails off into the retirement sunset on a luxury yacht. More and more seniors are carrying substantial consumer debt into their retirement. These are challenging financial times and if you are carrying debt into your retirement, you are not alone. In this reassuring podcast Licensed Insolvency Trustee Bonnie Hooley with LCTaylor & Associates in Winnipeg, discusses senior debt. She is a beacon of hope for anyone who might be hesitant about seeking help. 

Today’s topic covers many of the most common debt issues that affect seniors - whether you are thinking about your retirement or you have retired.

• Common reasons why seniors retire with debt
• The effects of filing Bankruptcy as a senior
• What happens to your debt when you die
• Addressing the stigma of debt that keeps seniors from getting help

Licensed Insolvency Trustees are federally regulated and approved by the Canadian government. With their extensive knowledge of financial services, they will give you honest advice and help you find a solution to your debt problem.

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 in Winnipeg | Bankruptcy Trustee Canada
• Bankruptcy Winnipeg & Bankruptcy Trustee Winnipeg - Bankruptcy Services
• Senior Citizen Debt in Canada | Seniors Debt Management, Relief & Forgiveness