Filing Bankruptcy in Surrey & surrounding areas

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Credit Counselling

Filing Bankruptcy in Surrey

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

What We Are Noticing in Surrey:

Residents in Surrey face a growing problem with Payday Loans. People having financial struggles in the wake of COVID-19 are often tempted by quick loans or cash advances from Payday Loan Companies. 

What are some of the downfalls of relying on this type of borrowing?

First, they are costly. Interest rates on payday loans can be up to 10 times higher than conventional borrowing.

Secondly, it’s very common that come payday, you can’t afford to pay the full amount you’ve borrowed, so you pay a fee to roll over the loan until your next payday, or you simply take out another loan immediately after paying off the first. This leads to a troubling cycle of debt. For anyone stuck in this cycle, there might be options to relieve this stress.

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

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

Surrey B.C. Offices

7404 King George Blvd. 2nd Floor, Surrey B.C. V3W 0L4
Call Us: 604-336-9533

Directions to Surrey Offices: Our Surrey office is located at the Kings Cross Shopping Centre near the corner of 74th and King George Blvd, across the street from Costco. A convenient location with ample free parking.

Please note: We also provide bankruptcy consultation and debt counselling out of the Surrey Office and the following locations: White RockLangley

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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