Filing Bankruptcy in Burnaby B.C. & Area

Credit Counselling

Filing Bankruptcy in Burnaby

We are a fully Licensed Insolvency Trustees with a local office in Burnaby and several other locations throughout the Province of British Columbia.

If you are considering filing bankruptcy or are in current financial difficulty and you live in Burnaby or surrounding areas, learn more about our services below.

What We Are Noticing in Burnaby:

Burnaby residents face uncertainty with mounting retail losses. The retail industry has suffered tremendous losses in the wake of the COVID-19 pandemic. In the past few months, high-profile closures have included Addition-Elle, Thyme Maternity, David’s Tea and more recently Le Chateau. Retailers who have reopened continue to see losses and need to shift how they conduct business. With the original lockdown, a slow reopening, social distancing, and reduced customers, the retail workforce has become even more vulnerable than before. Online purchasing has become the norm, and consumers have significantly reduced their visits to brick-and-mortar stores.   

Emergency subsidies and other measures taken by the federal and provincial governments have assisted retailers with covering wages and rent. Still, these were always meant to be temporary measures and cannot be counted on in the long run and cannot make up for what may become permanent shifts in consumers purchase of products. 

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At least in the short term, many retail employees will face the precarious reality of lower earnings, lower commissions, and difficulty in finding long-term stable employment, resulting in a struggle to cover living expenses and maintain regular payments to creditors. When you are barely making ends meet, it becomes more and more challenging to see a large portion of your debt payments applied to interest and your balances not being reduced. 

If you face financial difficulties due to loss of income and need a fresh start, find out the best options available to help you get out of debt for good.

Bankruptcy Consultation

Individuals who are unable to meet their debt obligations can file for bankruptcy under the Bankruptcy and Insolvency Act (Canada). This process can be stressful. We have the expertise to guide individuals through the process and make sure that you understand your rights. 

FAQ's

Popular Questions

You will have relief from all of your creditors. When you file for bankruptcy, your trustee will see that you no longer have to worry about or deal with your creditors directly. You may also benefit from the termination of wage garnishment, if applicable. The bankruptcy process is designed to get you back on your feet more quickly, relieving you of financial stress.

Your trustee will handle all aspects of the bankruptcy process on your behalf. This includes drafting legal documentation, dealing with creditors, setting personal budget and payment schedule, and distributing assets.

Once your bankruptcy documents are filed, you will continue to work with your trustee to set a personal budget and meet your debt obligations. Until your debts are met your financial flexibility may be limited. This can be challenging but it is imperative to meet your obligations and discharge your bankruptcy as soon as possible.

Get more Answers to your questions on filing Bankruptcy

Burnaby B.C. Offices

501 – 3292 Production Way, Burnaby, BC V5A 4R4
Call Us: 604-336-9533

Directions to Burnaby Offices: Our Burnaby office is located immediately beside the Production Way SkyTrain station at the corner of Production Way and Lougheed Highway. Hourly parking is available in the underground, credit card payment only, or free on the street.

Please note: We also provide bankruptcy consultation and debt counselling out of our Burnaby offices in the following locations: Pitt MeadowsPort MoodyMissionPort CoquitlamNew WestminsterMaple RidgeCoquitlam

Our Staff

Our Burnaby Team

Doug Thode

Doug Thode

President

Shelley Koehli

Shelley Koehli

Licensed Insolvency Trustee

Learn Your Alternatives

Bankruptcy

Applying for personal bankruptcy releases you from your debts and gives you a fresh financial start. We’ll help you prepare documentation for bankruptcy and walk you through the proess.

Consumer Proposals

Let us negotiate a payment plan for you though the filing of a consumer proposal. You don’t have to file for bankruptcy. Pay your creditors on a modified payment schedule with no further interest.

Debt Help

Get started today. Download and complete our convenient online application form and bring it with you to your next appointment and save time.

Our B.C Offices

Should you require bankruptcy solutions and counselling outside of Burnaby & Area, D. Thode & Associates has several offices to serve you throughout British Columbia.

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