Insolvency, Personal Bankruptcy & Consumer Proposals

Insolvency is the inability of an individual to meet their financial obligations. Finding yourself in this situation can be overwhelming and stressful. Dealing with cash flow issues and lenders that are threatening legal action can seem insurmountable.

You are not alone. According to the Office of the Superintendent of Bankruptcy Canada, the insolvency rate in British Columbia has increased by 5.9% this year, and Kamloops insolvency and Kelowna insolvency cases are included in that statistic. Having debt problems can affect your everyday life – balancing your personal budget, coping with harassing creditor calls at work and at home and concerns over future obligations can all seem impossible to overcome.

The good news is that D. Thode & Associates Inc. is here to help. You may have more options than you think, and we have the experience to guide you through the process and get you a brand new start.

We begin with a free consultation where we meet with you and get to know your situation. From there, we can formulate a tailor-made plan that will work for you. The best part is that you will no longer have to deal with your lenders, because we will handle that for you for the entire process.

Debt Consolidation

Debt Consolidation is a great tool for those that have high-interest debts or loans. We can often work with your lenders to combine two or more debts into one monthly amount. The end result is one reasonable monthly payment to cover all of your commitments at an interest rate that is more manageable for you.

Consumer Proposals

A Consumer Proposal is a legal contract between you and your creditors. It is an arrangement that we negotiate on your behalf. Acting as your Consumer Proposal Administrator, we can arrange a monthly payment that will encompass all of your financial obligations. This allows you to be free of debt after just a few years of making regular payments. You can have financial freedom again!


In some cases, bankruptcy truly is the best option. If other avenues are not ideal for your situation, declaring bankruptcy can be the right choice. While there are always concerns with credit rating and financial flexibility, being relieved of the harassment and anxiety caused by overwhelming debt is invaluable. Declaring personal bankruptcy means you can leave your debt behind. Your trustee will look after everything for you, from drafting legal documents to dealing with lenders and distributing assets. With a fresh start, anything is possible.

Be our next satisfied client

Having debt problems can seem daunting, but we have a solution for you. Don’t deal with the stress of insolvency any longer – come to D. Thode & Associates Inc. Get the debt help Kamloops and Kelowna clients count to end this chapter and move on to a new one.

Book a Free Consultation

We want to help you to get out of debt. Don’t hesitate to contact us if you would like to learn more about filing for personal bankruptcy, or bankruptcy alternatives such as debt consolidation or consumer proposals. Contact us today for more information.