Filing Bankruptcy in Kamloops B.C. & Area
If you are considering filing bankruptcy in British Columbia, contact one of our trustees to help.
We Can Help STOP
- Debt Stress
- Being Harassed by creditors
- Receiving Calls from collection agents
- Wages being Garnished
- High Tax Debt
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.
Contact us for a FREE "Know Your Alternatives" consultation.
If you find yourself unable to tackle your debt in a reasonable period of time, it may be time to consider a consumer proposal or a bankruptcy to get yourself back on track financially.
To find out more about these options, speak with one of our Licensed Insolvency Trustees today. The first consultation is always free and our staff are ready to help.
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.
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.
Popular Bankruptcy 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.
Kamloops B.C. Offices
546 St. Paul Street #340, Kamloops, BC V2C 5T1
Call Us: 250-372-5353
Directions to Kamloops Offices:The Kamloops office is located in the Medical building (Life Labs) on St. Paul Street, between 5th and 6th Ave. across from the police station. Suite 340
Learn Your Alternatives