197 – Reviving a Consumer Proposal

197 – Reviving a Consumer Proposal

Author: Doug Hoyes June 9, 2018 Duration: 25:00

Repaying debt requires a stable income. Even when you're in a debt relief plan like a consumer proposal, you need money coming in each month to make your payments. But what if you are faced with a sudden job loss and can no longer keep up with payments on your consumer proposal? Could you revive it after you find another job? What if you don't find work until after several months, could you restart your proposal then?

My guest today says it is possible to revive a consumer proposal. Richard Howell is a bankruptcy lawyer, certified by the Law Society of Upper Canada. He has over 20 years of experience helping people resolve this exact issue, and has yet to face a situation where a proposal could not be restarted.


Doug Hoyes sits down each week with a different specialist to untangle the complicated feelings and hard numbers around owing money. The conversations in Debt Free in 30 move beyond simple scare tactics or dry theory, focusing instead on actionable strategies for managing debt, rebuilding savings, and making informed investing choices. You’ll hear from trustees, financial planners, and counselors who explain concepts in plain language, stripping away the industry jargon that often leaves people feeling overwhelmed. Whether it’s navigating a consumer proposal, understanding credit scores, or starting to invest with a tight budget, this podcast provides a clear-eyed look at the steps toward financial stability. Doug’s approach is grounded and pragmatic, reflecting his deep expertise in the field, making each episode feel like a direct consultation with a knowledgeable guide. Tuning in regularly offers a consistent source of demystified advice, turning what can be a stressful topic into a manageable process. It’s that blend of expert insight and relatable conversation that defines this particular personal finance podcast.
Author: Language: English Episodes: 500

Debt Free in 30
Podcast Episodes
474 –  The CEBA Loan Dilemma [not-audio_url] [/not-audio_url]

Duration: 30:18
Are you a small business dealing with the CEBA loan repayment dilemma? Ted Michalos and Doug Hoyes dive deep into the world of CEBA loans and the crucial decisions you need to make about repaying them. For many small bus…
472 –  Is It Wrong To Spend on Fun? [not-audio_url] [/not-audio_url]

Duration: 32:19
Every successful budget makes room for fun spending. But how much is OK to spend on fun? What if you feel guilty? Is it ever wrong to spend money on your hobbies and interests? On today's podcast, Maureen Parent returns…
471 –  Is University Worth All The Debt? [not-audio_url] [/not-audio_url]

Duration: 34:34
Higher education isn't getting any cheaper. The cost of going to university has more than tripled since the 1990s and we see first-hand the financial burden caused by student loans. So, is it still worth it to get into d…
470 –  Season 10 Season Premiere: Are You Hitting The Wall? [not-audio_url] [/not-audio_url]

Duration: 10:07
Welcome to Season #10 of Debt Free in 30. Debt is up. Interest rates are up. Not surprisingly, personal insolvency filings are way up. Many people are hitting the wall. On today's abbreviated podcast, Doug Hoyes explains…
469 –  REBROADCAST - Debt Mistakes to Avoid When Cash is Tight [not-audio_url] [/not-audio_url]

Duration: 31:08
For our final rebroadcast of the summer, we are rebroadcasting episode #452. We know rising inflation is tough on Canadians. If your budget is getting tighter, you may be tempted to use credit (debt) to make ends meet, b…
467 –  REBROADCAST - How to Earn More Money Without a Second Job [not-audio_url] [/not-audio_url]

Duration: 32:55
Today we rebroadcast episode #448. Most money experts will tell you that the best way to avoid money problems is to cut costs. And they're right. But what about also increasing your income? After all, you can only cut so…
465 –  Has The Recession Started? Where are we headed? [not-audio_url] [/not-audio_url]

Duration: 29:32
In the season 9 finale episode of Debt Free in 30, Doug Hoyes and Ted Michalos discuss the current state of consumer insolvencies in Canada and why they're going back up. They also discuss the impact of inflation remaini…