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canadian insolvency

The Faces of Canadian Insolvency

25 Aug 2020

Consumer insolvencies in Canada are on the rise. Many Canadians are reaching a point where they can no longer stay current with their debt load.

There are numerous life events that can cause financial difficulty. Job loss, being a victim of fraud, medical conditions, and marriage breakup to name a few. The stigma of filing for Bankruptcy is a thing of the past. Bad debt can happen to anyone.

Before you make any decisions about how to tackle your debt, make sure you find out about all the options that are available to you. A Licensed Insolvency Trustee should be your first port-of-call.

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Derek L. Chase, CPA, CA, LIT

Being able to offer debt help assistance to individuals and corporations on a more intimate basis was a driving force in completing a “second CPA” by becoming licensed by the Federal Government as a Licensed Insolvency Trustee (previously Trustee in Bankruptcy) in 1997. It is extremely satisfying to be able to witness lives change for the positive due to a restructuring of financial affairs.