If you're unsure whether it's time to seek help, ask yourself the following questions:
If you answered yes to one or more of these, it might be time to speak with a Licensed Insolvency Trustee.
If you're unable to repay your debts through a proposal, bankruptcy may be the right step.
✔ Provides legal protection from creditors
✔ Erases most unsecured debts
✔ Requires surrendering certain assets
For individuals with debts over $1,000, where liabilities exceed assets.
A consumer proposal is a legally binding agreement between you and your creditors that allows you to repay a portion of your debt over time.
✔ Tailored to your financial situation
✔ Can reduce the total amount you owe
✔ Stops collection calls and legal action
Available if your unsecured debt is under $250,000.
An ordinary proposal is designed for more complex situations or debts of over $250,000.
✔ Can be used by individuals or businesses
✔ Provides flexibility in repayment terms
✔ Avoids bankruptcy if accepted by creditors
Do you have questions about personal debt solutions in Vancouver and Surrey? Call (604) 689 3928, email us at [email protected], or fill out the form below to book a free consultation.
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.
Thank you!
Someone will be in contact with you shortly to assist you with your insolvency service inquiry.