59 - What Kind of Debt Counselling Does a Licensed Insolvency Trustee Offer?

DebtMatters Podcast

The economic impacts of the pandemic continue to hit some Canadians harder than others. Those with lower incomes have saved less and relied more on government aid. As supports dried up, credit card balances have risen as the cost of living skyrockets. Debt counselling can help. Sometimes creating a new budget or getting advice from a professional can make a difference in the way you handle your finances. Licensed Insolvency Trustee, Daniel Maksymchak talks about the different aspects of debt counselling. He shares his experiences working with people who have benefited from the guidance of a professional.

He also discusses:

• The different types of debt couselling
• Where to seek help prior to becoming insolvent
• The 2 mandatory counselling sessions after a Bankruptcy and Consumer Proposal
• When you should call on a Licensed Insolvency Trustee

Speaking with a Licensed Insolvency Trustee can be the best place to start on your journey to becoming debt free. Thay are considered some of the best financial advisors in the country and the only ones licensed by the federal government of Canada.

About Daniel Maksymchak

Daniel has worked in the bankruptcy and insolvency field since 2010. His career began in accounting, receiving his Chartered Accountant designation in 2009. He attained his Licensed Insolvency Trustee accreditation in 2014.

Daniel is a member of the Canadian Association of Insolvency and Restructuring Professional (CAIRP) and has volunteered his time with numerous causes in the community.

Additional Resources

• LCTaylor Licensed Insolvency Trustee
• Debt Counselling
• Debt Getting You Down? 3 Tips to Pay Off Debt