About this episode
Behind on bills and not sure where to start? If money is tight and payments are stacking up, this episode gives you a clear starting point. Doug Hoyes and Licensed Insolvency Trustee Maureen Parent break down what to prioritize first, what can safely wait, how to handle creditor calls, and when it makes sense to look at a more permanent fix. A practical, no-panic roadmap for protecting the basics, stabilizing cash flow, and making informed next steps when the math isn't working. If debt is keeping you up at night, you don't have to endure forever – Start Here Free Hoyes Michalos Budgeting Workbook Debt Relief Repayment Calculator Subscribe to the Debt Free Digest – A free monthly e-newsletter Learn more about Canadian debt relief on the Hoyes Michalos YouTube channel! (00:00) Falling behind doesn't mean you failed (03:10) The first 48 hours: what to pay first (07:00) Rent, mortgage, and car payments: how to prioritize (11:00) Utilities, phone, and internet: hardship options (14:30) Credit cards and lines of credit: what can wait (17:45) Payday loans and why they make things worse (20:30) Taxes and CRA debt: what actually helps (23:00) Calling creditors: what to say and what to track (25:30) Building a 30-day survival budget (28:00) When to consider a formal solution Disclaimer: The information provided in the Debt Free in 30 Podcast is for entertainment and informational pu
