122 - The Different Types of Debt Licensed Insolvency Trustee Deal With

DebtMatters Podcast

All debts are not created equal. The kind of debt you hold may affect your options when you seek help. Most debt falls into two categories: secured and unsecured. And before you come up with a plan to pay your debt, it’s important to understand how different types of debt work. Everyone’s financial situation is unique and for that reason there is no one-size-fits-all solution. A Licensed Insolvency Trustee is the only debt professional that is required by law to explain all the debt relief options that are available to you.

This podcast looks at the different types of debt and which are eliminated when you file a Bankruptcy. LIT Genn Steiner also discusses:

• The difference between secured and unsecured debt
• Tax debt and when it can and cannot be included in Bankruptcy
• How EI overpayments are dealt with
• Giving false information leading to fraud charges
• Examples of real life scenarios

Licensed Insolvency Trustees can help you take control of your debt. They are considered some of the best debt advisors in the country and the only ones licensed by the federal government of Canada.

About Glenn Steiner

Glenn received his Trustee license in 1998, working in various departments in the public service for 30 years. Since 2011 he has been working in the private sector in Alberta as a Licensed Insolvency Trustee.

Born and raised in Saskatchewan, Glen has a passion for helping people. He walks them through the various financial options, allowing them to make life changes that can give them a fresh start.

Additional Resources

• Allan Marshall & Associates Licensed Insolvency Trustee
• Debt Services for Canadians: How a Licensed Insolvency Trustee Can Help You Take Control of Your Debt
• Licensed Insolvency Trustee Services – Become Debt Free