Filing Bankruptcy in Kamloops
We are a fully Licensed Insolvency Trustees with a local office in Kamloops 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 Kamloops or surrounding areas, learn more about our services below.
What We Are Noticing in Kamloops:
Kamloops residents recovering from job loss.
Like many communities in British Columbia, Kamloops experienced larger job losses during the pandemic than the national average. However, now that the local economy is turning around and many people are back to work, some are finding themselves unable to pay the debt that was accumulated during this time.
If a person had no savings and no other assistance, they may have relied on unsecured debt such as credit cards, lines of credit and payday loans in order to to keep afloat financially. This, of course, is true of any time when you experience a job loss, not just during a pandemic. Once you are back to work and your income gets back to normal, you are now faced with the challenge of trying to handle the accumulated debt load.