Licensed Insolvency Trustee Vancouver
Personalized Individual and Corporate Solutions for Debt Relief
Compassionate & Professional Help From a Licensed Insolvency Trustee – Serving Vancouver & the Greater Vancouver Area
In the heart of Vancouver’s financial district, our dedicated office at Crowe MacKay & Company provides personalized insolvency and bankruptcy services tailored to your financial situation, helping you become debt-free.
Whether you're a business owner exploring corporate restructuring or an individual facing financial difficulties due to personal debt, our team of licensed insolvency trustees in Vancouver is here to help.
We take the time to listen, understand, and guide you toward long-lasting financial recovery with compassion, clarity, and professionalism.
What Does a Licensed Insolvency Trustee in Vancouver Do?
A Licensed Insolvency Trustee (LIT) is a federally regulated professional authorized by the Office of the Superintendent of Bankruptcy (OSB) to administer insolvency proceedings in Canada. This includes filing for bankruptcy, managing consumer proposals, and offering debt counselling services.
At Crowe MacKay & Company, our licensed insolvency trustees in Vancouver and the Greater Vancouver Area help individuals and businesses resolve unmanageable debt legally and ethically. As an insolvency trustee, our job is to ensure legal compliance and advocate for fair outcomes for all parties involved.
If you're seeking a bankruptcy trustee in Vancouver with the knowledge, experience, and compassion to help you regain control, our team is ready to assist.
Corporate Services
Personal Services
Why Vancouver Residents Trust Crowe MacKay
Decades of Experience
We’ve helped hundreds of clients resolve their debt situations professionally and carefully.
Serving Vancouver and the Greater Vancouver Area
Our Vancouver office proudly serves communities throughout the Greater Vancouver Area in British Columbia, such as:
- Vancouver
- Burnaby
- Richmond
- Coquitlam
- New Westminster
- North Vancouver
- West Vancouver
- Langley
- Delta
- Port Coquitlam
- Maple Ridge
Common Questions About Bankruptcy and Insolvency in Vancouver
What’s the difference between bankruptcy and a consumer proposal?
A consumer proposal is a legally binding agreement administered by an insolvency trustee that allows you to repay a portion of your debt based on what you can afford for up to five years. It’s often a preferred alternative to bankruptcy because it allows you to keep your assets, avoid wage garnishment, and stop collection calls.
In contrast, bankruptcy is a legal process where some of your assets may be sold to repay creditors. Both are legal options under Canada’s Bankruptcy and Insolvency Act.
What’s the difference between bankruptcy and insolvency?
Insolvency is a financial state where you're unable to pay your debts when they’re due, or when the amount you owe is greater than what you own. It can feel overwhelming, but it’s more common than people think — and it’s often the first sign that it may be time to explore some debt solution options.
On the other hand, bankruptcy is a legal process you can choose if you’re insolvent. It’s to give you a fresh financial start by clearing certain debts. In Canada, only a licensed insolvency trustee in Vancouver or elsewhere can file a bankruptcy on your behalf and guide you through the legal steps required under federal law.
What happens when you file for bankruptcy?
When you file for bankruptcy in Vancouver, your financial obligations change immediately. With the help of an insolvency trustee, you’ll stop all legal actions from creditors, including wage garnishments and collection calls. Depending on your situation, you may be required to surrender certain non-exempt assets. You'll also need to attend two financial counselling sessions and make monthly payments if your income exceeds government-set thresholds. Bankruptcy typically lasts 9 to 21 months for a first-time filer, after which you’ll receive a discharge, eliminating most of your unsecured debts.
How do I file for bankruptcy in Vancouver?
Filing for bankruptcy in Vancouver starts with a free, confidential consultation with a professional. We'll assess your situation and explore all available options. If bankruptcy is the best path, we’ll prepare the necessary paperwork and file it with the Office of the Superintendent of Bankruptcy. You’ll be protected from further legal action by creditors and begin the process of debt elimination. Our team at Crowe MacKay will be with you every step of the way — from filing to final discharge.
How do I know if I need a licensed insolvency trustee in Vancouver?
If you're struggling to make minimum payments, receiving collection calls, or relying on credit to cover basic living expenses, you're not alone — and help is available. These are clear signs that your debt may be becoming unmanageable, and it's a good time to speak with a Licensed Insolvency Trustee (LIT) in Vancouver.LITs are the only professionals in Canada licensed by the federal government to provide legal debt solutions. They are not here to judge — their role is to listen, understand your situation, and help you explore all your options. An initial consultation with a LIT is free, confidential, and comes with no obligation. It’s simply a step toward clarity, relief, and a plan to rebuild. You deserve peace of mind, and speaking with a LIT can be the first step.
Is bankruptcy my only option?
No — bankruptcy is just one of several legal debt relief options in Vancouver. Many individuals qualify for a consumer proposal, which allows you to negotiate reduced payments with creditors while keeping your assets. Others benefit from debt consolidation or structured repayment plans.
Our bankruptcy trustees in Vancouver will assess your financial situation and explain all available options before recommending a course of action. We often help clients avoid bankruptcy by creating affordable and manageable solutions that lead to a brighter financial future.
Become Debt Free in Vancouver Today
If you’d like to connect with one of our Licensed Insolvency Trustees in Vancouver, call (604) 689 3928, email [email protected], or fill in the form below.
Book a Free Consultation
Our licensed experts are here to answer all your questions about bankruptcy and consumer proposals. Whether you're an individual or a business, we’ll help you understand your options and guide you through every step of the process with care and confidence.