Filing Bankruptcy in Vancouver B.C. & Area

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Credit Counselling

Filing Bankruptcy in Vancouver

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

What We Are Noticing in Vancouver:

Seniors facing financial troubles in Vancouver are on the rise.

Aging adults often head into retirement with some amount of debt, whether it’s still making payments on a mortgage or carrying unsecured debt, such as credit cards and lines of credit.

In an ideal world, seniors would retire with a paid-off mortgage, no debt and plenty of savings. However, given the cost of living in Vancouver, this is often not the case. Reducing your lifestyle to match the reduced income in retirement can be a challenge if you continue to service debt. We often see seniors use credit cards and lines of credit to keep up with their housing and medical costs into retirement. This can lead them to ultimately file bankruptcy or make a consumer proposal to their creditors to deal with their debt; however, this does not address rising living costs on a fixed income.

Vancouver, in general, has affected the personal finances of many. As the cost of living has risen quickly, many residents still earn roughly the same income, and bankruptcy is sometimes the best option to deal with the increased debt.

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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

Vancouver B.C. Offices

1055 W Hastings St – Suite 300 Vancouver, BC V6E 2E9
Call Us: 604-336-9533

Directions to Vancouver Offices: Our Vancouver office is located within the Guinness Building on West Hastings Street between Burrard and Thurlow. We are just a short walk from the Burrard Skytrain Station. Meter parking is available on the street, or hourly parking is available in our underground parkade on P4.

Please note: We also provide bankruptcy consultation and debt counselling out of the Vancouver Office and the following locations: RichmondNorth VancouverNanaimoWest VancouverSquamishPowell RiverWhistlerPrince RupertSechelt

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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