121 - Is There Life After Bankruptcy Discharge?

DebtMatters Podcast

The Bankruptcy process gives you the chance to reestablish your financial security. Receiving a discharge is the final step and means you are released from all obligations to repay all debts in your Bankruptcy filing. You can then start to rebuild your credit score. A record of your Bankruptcy will remain on your credit report for 6 years after your discharge for a first time Bankruptcy. You will have the ability to begin rebuilding your credit score even before your discharge.

Licensed Insolvency Trustee, Glenn Steiner, discusses what life will be like after you have been discharged from your Bankruptcy. He also discusses:

• Debts that are not included in a Bankruptcy filing
• The importance of a good credit rating and how to start rebuilding it
• What to do if the information at the credit bureau is wrong
• Teaching your kids about savings and the difference between needs and wants
• 2 mandatory counselling sessions to help you get back on your feet

Licensed Insolvency Trustees are licensed by the federal government and provide unbiased debt advice. They are the only professionals that can file a Bankruptcy or a Consumer Proposal.

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
• What Does Bankruptcy Discharge Mean? How Do I Get Discharged From My Bankruptcy?
• 3 Forms of Payment That Help Build Credit After Bankruptcy