Filing Bankruptcy in Penticton B.C. & Area

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Credit Counselling

Filing Bankruptcy in Penticton

We are a fully Licensed Insolvency Trustees with a local office in Penticton 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 Penticton or surrounding areas, learn more about our services below.

What We Are Noticing in Penticton:

Seniors facing financial challenges in Penticton.
In an ideal world, people approaching their retirement would be fully debt free with plenty of savings to take them into their gold years. However, this is frequently not the case. Older adults approaching requirements often carry some form of debt, including mortgage payments, credit cards, and vehicle loans.

When you enter retirement, your income nearly always takes a sharp and sudden decrease. If you are still carrying debt, and don’t adjust your lifestyle accordingly, you could actually see your debt increase to a point where it is unsustainable. Many retired people continue to use credit to sustain their lifestyles or deal with new or continuing medical issues when they no longer have coverage from their former employers. Ultimately, curbing expenses and adjusting lifestyles to adjust to a lower, fixed income situation is imperative, but even that is often insufficient to deal with the ongoing and increasing household debt situation.

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Contact us for a FREE "Know Your Alternatives" consultation.

Filing a bankruptcy or a consumer proposal with the help of a Licensed Insolvency Trustee at D. Thode & Associates Inc. can help you manage your debt, provide a fresh financial start, and improve your cash flow going forward.

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

Penticton B.C. Offices

100 – 498 Ellis Street, Penticton, BC V2A 4M2
Call Us: 778-476-5566

Directions to Penticton Offices: The Penticton Office is located on the Ground Floor of the Omland Heal building, at the corner of Ellis and Padmore Street East.

We understand the difficulties during this time. Contact us at D. Thode & Associates to determine the right financial alternative for you.

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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