#194: Wesley Cowan - Post-Pandemic Debt - A Trustee's Perspective

#194: Wesley Cowan - Post-Pandemic Debt - A Trustee's Perspective   On this episode, Gary chats with Wes Cowan, Senior VP, President of MNP, a firm specializing in consumer proposals and bankruptcy proceedings. Wes has over 20 years of insolvency experience as a license insolvency expert, helping people get back on their feet, but his services are very helpful for investors who want to get back into the investing game as soon as possible. They discuss what the difference is between a consumer proposal and a bankruptcy, and which applies to certain situations. If YOU are struggling with debt, don't abandon hope, listen to this podcast to see if MNP can help you with your situation before it gets worse!   Gary also shares his goal planning ritual that he and Darlene use each year to make them crystal clear and achievable!   Don't forget, Smart Home Choice is gearing up for growth mindset in 2023 and their in-person events are ramping up! Check out SmartHomeChoice.ca for a list of upcoming events.      WHAT YOU'LL LEARN: How Wes' 20 years of insolvency experience have given him unique knowledge to look at the overall health of the economy How does now compare with 2008 in regards to bankruptcies consumer proposals The difference between bankruptcies consumer proposals At MNP they have a unique consumer debt index, what does it tell about current financial health of Canadians with rapid interest rates How Wes thinks things are looking pre-pandemic vs. Post-pandemic How long does a bankruptcy stay on file, especially if you are wanting to get back into buying investment properties  And MORE!   Bio     Wes Cowan, CIRP, MA, LLM is a Senior Vice-President (Partner) and Licensed Insolvency Trustee in the Kitchener Insolvency and Restructuring Group of MNP Ltd. Wes has over 20 years of experience in insolvency matters; 18 of those years as a federally licensed Insolvency Trustee. Wes was appointed Director of Consumer Insolvency for Canada at MNP Ltd. in 2019    Wes has a diverse range of experience in both personal and corporate insolvency engagements. With a focus on restructuring as an initial position, Wes has often found alternatives to bankruptcy that benefit both debtors and creditors alike. In addition, Wes has a unique perspective on tax related debt given his former role as a collections officer and auditor with the Canada Revenue Agency (Revenue Canada).    Wes and his team serve clients not only from the Kitchener office, but also from the Waterloo, Cambridge, Stratford and Woodstock MNP offices, and satellite offices in Tillsonburg, Guelph, Mount Forest, Listowel and Owen Sound.    In 2016 Wes completed a Master of Laws degree (LL.M.) at Osgoode Law School specializing in Bankruptcy and Insolvency.    E-MAIL Wes at [email protected] or call him at 519-772-7461  This episode proudly sponsored by Deep Pockets - https://deep-pockets.ca    If you're looking to borrow or invest funds, Deep Pockets should be at the top of your list.  It is a preferred choice for secure lending, and as a borrower you have the option of flexible terms and repayment plans, as Deep Pockets has flexible credit criteria and income approvals.   As an investor, YOU GET TO BE THE BANK, using your cash, your RRSPs, LIRAs or even TFSAs. Earn maximum returns with NO out of pocket expenses.   To find out more, visit the website or email [email protected]       Other Links: Private Investing, visit https://deep-pockets.ca Real Estate Investment Club visit https://www.smarthomechoice.ca  Gary's mentorship program visit https://garyhibbert.ca  Start your own Podcast visit https://www.podcastexperts.ca