107 - Why You Should File Bankruptcy Before the End of the Year

If you are heading deeper into debt, know you are not alone. Many Canadians are struggling to keep afloat in these precarious times. Filing for Bankruptcy may be your best option, depending on your individual circumstances. But is there a better time of the year to file? You may be surprised to find out that - yes there is. When you declare Bankruptcy will affect how many tax returns you will lose. 

In this podcast, Licensed Insolvency Trustee, Derek Chase  talks about why Bankruptcy can be the most practical thing to do, often being the fastest, least expensive way to get relief from your debt. He also explains the benefits of filing before the end of the year. 

Other optics covered are:

Why professional advice is so very importantHow long the Bankruptcy process takes and how much it costsConsequences of waiting too longBankruptcy duties after filing and how to start the processRed flags to watch for when dealing with debt companies

Licensed Insolvency Trustees can help you take control of your unmanageable debt. They are considered some of the best debt advisors in the country and the only ones licensed by the federal government of Canada. 

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. 

Additional Resources Chase & Associates - Licensed Insolvency TrusteeShould I Declare Bankruptcy Now or Later?What to Expect if You File for Bankruptcy