24 - What Is a Licensed Insolvency Trustee and How Can They Help?
Play • 15 min

As living expenses rise faster than income, many Canadians are facing a heavy consumer debt load. Choosing a debt advisor is an important step in debt recovery. The market is flooded with unlicensed and unregulated ‘debt consultants’ who charge a fee and then refer debtors to a Licensed Insolvency Trustee. In this podcast Licensed Insolvency Trustee, Derek Chase, explains in detail who these professionals are and what they do. Other topics cover are:

  • Licensed Insolvency Trustees qualifications and education
  • Who protects the integrity of the insolvency process
  • What a Bankruptcy lawyer does and the terms Chapter 7 and Chapter 11
  • Financial Advisors and quality control of their industry
  • How to prepare for your first meeting with a Licensed Insolvency Trustee and what to expect. 

Licensed Insolvency Trustees are federally regulated and approved by the Canadian government. They are the ones that will give you honest advice about all the options available to you. This podcast will help give you the confidence that you are choosing the right debt professional.

About Derek Chase

Derek Chase is a Licensed Insolvency Trustee in British Columbia. He has been helping individuals and corporations restructure their debt since 1997. His areas of practice include personal and corporate insolvency including Consumer Proposals and Bankruptcy. The best part of his work is to be able to witness lives change for the better when the heavy burden of unmanageable debt is lifted.  

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