Bankruptcy Cranbrook – Filing Bankruptcy in Cranbrook, BC
Cranbrook Licensed Insolvency Trustee
Please Call Yvonne Sutton at 250-800-2313 to schedule a confidential evaluation. Yvonne is friendly, caring and Licensed by the Government
Bankruptcy Cranbrook: Yvonne is a highly trained and professional bankruptcy trustee Cranbrook and is happy to provide people in Cranbrook who are hopelessly buried in debts free and confidential evaluation meetings to discuss filing bankruptcy and other debt relief options such as making a proposal or making other settlements with your creditors.
This Bankruptcy Cranbrook page is to provide people in Cranbrook who are thinking about declaring bankruptcy or a consumer proposal the information necessary to make an informed decision about bankruptcy and consumer proposals.
Bankruptcy Cranbrook – How you are protected when dealing with our Trustees:
We offer confidential evaluation meetings to review your finances.
Our office is located at 201 – 111 Kootenay St. North, Cranbrook, BC and we would be happy to meet with you at your convenience to help you understand how you can get out of debt.
The Cranbrook trustees listed here on our website are highly educated professionals and members of the Canadian Association of Insolvency and Restructuring Professionals (CAIRP). The CAIRP requires their members to follow the highest ethical standards.
These trustees in Cranbrook will give you a free initial consultation in confidence.
Monthly payment terms can be arranged.
Bankruptcy Cranbrook: One of the main purposes of BC Bankruptcy Law is to give an individual or company a fast, fresh start by wiping out their debts.
By going bankrupt, the action will wipe out all a person’s eligible debts usually within nine months; in some situations, a bankruptcy can last for up to 21 depending on the circumstances surrounding the case, such as if the person filing bankruptcy has surplus income.
Surplus income is any excess take-home pay that a person has after the guidelines set for living expenses are taken into consideration.
In most cases, the debtor has no assets that he or she would lose when declaring bankruptcy because the Cranbrook bankruptcy exemptions allow individuals to keep certain property when going bankrupt.
A Consumer Proposal allows an individual, couples or a family to negoiate negotiate a debt repayment plan with their creditors by allowing the debtor to repay a part of the debt they owe.
In a consumer proposal plan most individuals will propose to their creditors to pay back a certain percentage, such as 30 to 50 percent – although it could be any percentage – of their debt over a period of up to 5 years.
Making a consumer proposal allows people to keep property that is not covered by the exemptions and can be favourable in other ways over bankruptcy.
Our trustees can discuss all of your options with you so you can make the best decision to assist with handling your debts.