• Debt is Not a Life Sentence
    Debt is Not a Life Sentence

6850

People helped

$455m

Debt administrated

11

Locations Served

Get a free consultation

 

How we can help

Proposals to Creditors

A consumer proposal in BC is an alternative to bankruptcy and a way to negotiate a debt settlement with your creditors. It is an offer made by a debtor to either defer and/or compromise amounts owed to his or her unsecured creditors.. LEARN MORE

Bankruptcy

Bankruptcy laws are designed to permit an honest but unfortunate debtor to obtain relief from his or her debts while treating creditors equally and fairly. Through the bankruptcy process, you are able to get a fresh start financially. LEARN MORE

Credit Counseling

The goal of our initial credit counselling will be to help you understand all your options in eliminating your debt and how to hopefully avoid having to file for bankruptcy. You will receive personalized advice regarding which alternative may be best for your situation. LEARN MORE

  • Frank P.
    Frank P. Nanaimo BC

    Happy New Year, thanks again for your assistance with my bankruptcy. I now have $2,385.65 in an RRSP am direct depositing $350.00 a month, plus I have $1,897.31 in a savings account and approximately $1,000.00 in my day to day use chequing account. I also sponsor a young lad in Africa at $38.00 a month. All in all I feel I am doing very well now. Thanks again and have a great year.

  • Cathy O.
    Cathy O. Victoria BC

    Walter & I would like to thank you and your staff for helping us through this very unfortunate situation we found ourselves in. From the very first meeting when a decision of some type had to be made, we felt we were not alone, you and your company was there helping us through each step. We have learned to live our lives more fully through this experience.

  • Jackie H.
    Jackie H. Victoria

    Thank you so much for your help and support during this time! There were some really tough moments and you were always there for me to rely on, I truly thank you for that!

Frequently Asked Questions

What is Bankruptcy?

The fundamental principal of bankruptcy is to permit an honest, but unfortunate, debtor to obtain a discharge from his/her debts, subject to reasonable conditions. Learn More

What happens to my debts?

Upon your discharge from bankruptcy (usually at the end of nine months) all your debts are extinguished. Learn More

Who may file for bankruptcy?

In order to file for bankruptcy in Canada, you must live or do business in Canada and be insolvent. To be an insolvent person you must owe at least $1,000 Learn More

Which assets can I keep?

You are permitted to keep some assets in a bankruptcy. These exemptions are set by various federal and provincial laws. Learn More

How do I become bankrupt?

First, you call or meet with a licensed insolvency trustee who will assess your financial situation and explain the options available to you. Learn More

What happens to my income?

During the bankruptcy, your income from all sources must be reported to the trustee. A standard level of income is set by the Superintendent of Bankruptcy based on the number of dependants in your household. Learn More