148 - Breaking the Cycle: Strategies for Managing Debt Amidst Daily Expenses

Debt cycles are easy to fall into but with a little planning and some discipline, you don’t have to keep spinning your wheels. Acknowledging that you’re trapped in a cycle of debt is a good place to start. In this timely podcast, Licensed Insolvency Trustee, Derek Chase, talks about strategies for managing debt. Other topics covered include:

Payday loans and line of credit traps.Looking deeper into Intergenerational debt cycles Strategies to build momentum for savingsWays to increase your financial literacyImportance of a cash flow review

If you are looking for a way to break your debt cycle, speak with a Licensed Insolvency Trustee and be assured that you will get qualified advice. They are regulated and licensed by the Canadian government and will give you information you can trust. 

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 ResourcesChase & Associates Licensed Insolvency TrusteeHow to Break the Debt CycleWhen Should I Seek Debt Relief?