This presentation will cover a few topics relevant to Retirement / Estate Planning and Debt Management:
Did you know that the most likely demographic to seek legal insolvency options is the "Grandpa Debtor”? Be aware of potential warning signals that your clients are headed for insolvency.
Business insolvency filings have already increased due to the pandemic, however consumer insolvency filings are actually lower than in prior years. The increase of consumers struggling with personal debt is inevitable – how do we find these people the help they need?
What happens to personal debt when someone dies? A legal insolvency filing (such as a Bankruptcy or a Consumer Proposal) may be an effective planning tool for the elderly, particularly when considering that RRSPs/RRIFs are considered exempt property under the Bankruptcy and Insolvency Act.
Presented by Alana Orrell, CIRP, LIT, CPA, CA
Licensed Insolvency Trustee, Vice-President, MNP
Alana is a Licensed Insolvency Trustee (LIT), Registered Qualified Insolvency Counsellor (RQIC) and a Chartered Insolvency & Restructuring Professional (CIRP). Alana is a Vice-President of MNP Ltd., serving clients in Langley and Surrey. Alana is passionate about helping people using her extensive education and experience in finance. With formal insolvency proceedings, Alana provides a solution for those in financial distress.
Prior to joining the insolvency profession, Alana worked as a Chartered Accountant for over ten years specializing in working with small to medium businesses. She worked in the areas of audit and both personal and corporate tax. She brings this expertise to her insolvency work, helping many self-employed individuals and small businesses experiencing financial difficulty.
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