BC Bankruptcy Information; BC Bankruptcy Trustees:

We have Bankruptcy Trustees serving the following areas:

100 Mile House | Abbotsford | Burnaby | Burns Lake | Chetwynd | Chilliwack | Campbell River | Castlegar | Cranbrook |  Coquitlam | Courtenay |  Duncan | Fort Nelson | Fort St. John | Grand Forks | Houston |  Kamloops | Kelowna | Kitimat | Langley | Merritt | Mission / Maple Ridge | Nanaimo | Nelson | New Westminster | North Vancouver | Penticton | Port Alberni | Port Alice | Port McNeill | Prince George | Powell River | Prince Rupert | Quesnel | Richmond | Salmon Arm |  Squamish Whistler and the Sunshine Coast | Surrey | Terrace | Vancouver | Vancouver South | Vernon | Victoria |  West Vancouver | White Rock | Williams Lake

BC Bankruptcy Information and other Debt Solutions:

We offer a full range of insolvency services covering business and consumer bankruptcies and proposals. We have offices in throughout BC. Our website's purpose is to provide BC bankruptcy information and other options that will help people throughout, BC get a fresh financial start, and to provide resources to assist in building a secure financial future!

Many people experience financial problems at some time or another. The good news is that our BC bankruptcy trustees have solutions to many of the following problems:

• Harassment from creditors regarding overdue accounts

• Borrowing from one credit card to pay another

• Struggling to survive from one payday to the next

• Subject to legal action or garnishment of wages

• Making minimum payments on credit card debt

• Exceeding spending limits

• Problems with health, family or job performance

Our BC bankruptcy trustees help people manage and resolve severe financial problems. Our BC bankruptcy trustees understand how stressful this situation can be and know how to help. Our goal is to guide people through a very difficult time and help them move towards a brighter, more financially secure future.

Our BC bankruptcy trustees are available to assist you in identifying your options and forming a plan to get you a fresh financial start. Our BC bankruptcy trustees have many ways to assist people with their financial problems. These include:

• Consumer proposals;

• Budgeting;

• Debt Counselling;

• Third party settlements with creditors; and

• Refinancing.

If a BC bankruptcy or a BC proposal is your best option for getting a fresh financial start you are allowed to keep up to $31,000 of personal assets as follows:

• Equity in a home in Greater Vancouver and Victoria = $12,000. In the rest of the province = $ 9,000;

• Equity in Household items = $ 4,000;

• A vehicle exemption is available only if the value of the vehicle does not exceed $5,000;  The vehicle exemption drops to $2,000 if the debtor is behind on child care payments (to facilitate the enforcement of Maintenance Orders)
  

• Equity in work tools = $ 10,000;

• Equity in essential clothing and medical aids is unlimited.

Filing a BC bankruptcy or a BC proposal will stop actions by creditors such as:

• Collection Calls;

• Canada Revenue Agency (CRA);

• Garnishee of your pay; and

• Creditors seizing your assets.

Please note that this is general BC bankruptcy information as well other debt solution options, and does not replace the specific details that need to be discussed in a meeting with one of our BC bankruptcy trustees. Some other issues may include being judgement proof, co-signers, the effect on your spouse, separation between spouses, surplus income guidelines, stay of proceedings, and income tax consequences.

Most of the people who file a BC bankruptcy or a BC proposal are good, honest, hard-working people who file as a last resort after months or years struggling to pay the bills left over from some catastrophic event or set of circumstances. It can be because of a divorce, the loss of a job, a failed business venture, a serious illness, or some family emergency, or because the person honestly and mistakenly fell into debt at a young age before they knew better, and before they knew anything about budgeting or how to manage money.

BC's bankruptcy laws are designed to permit an honest but unfortunate debtor to obtain a discharge from his or her debts while treating creditors equally and fairly.

In 2009 more than 115,000 individuals in Canada filed for personal bankruptcy or filed a proposal.

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