If you are looking for local bankruptcy help, you’ve landed on the right page.
Powell River, BC Licensed Insolvency Trustee is designated by the Federal Government of Canada to assist and administer the bankruptcy process of their clients.
Seeking bankruptcy help is not something to be embarrassed about as nearly 125,000 Canadians apply for either bankruptcy or Consumer proposal.
Derek L. Chase Powell River, BC Licensed Insolvency Trustee
Bankruptcy or Consumer Proposal
Most of the Canadians seeking debt assistance prefer consumer proposal instead of bankruptcy.
We would also recommend a consumer proposal instead of bankruptcy as a better alternative.
Bankruptcy is an option only when you have no other choice.
The option of a consumer proposal is not only advantageous to you but also to your creditor.
Your creditor gets nearly nothing or only an insignificant part of their debt when a person files bankruptcy.
On the other hand, when you decide to go with the consumer proposal you or your trustee on your behalf and your creditor can negotiate on the quantum of repayment.
For your creditor, this is a better option because they get some reasonable amount as your repayment.
For you, this is a better solution because your credit history remains impeccable.
It is a win-win situation for both parties.
We will analyze and study your case thoroughly before we recommend a course of action.
While making a recommendation, we take a number of factors into account.
We hold a meeting with you to understand your case.
In this meeting, you are free to raise your queries and doubts.
We explain a range of alternative courses available to you based on your financial health.
We also explain to you the pros and cons of each of these cases.
We inform and educate you before taking your consent on any possible course of action.
Whether your case is simple or complicated, we do not rest until we have found a solution that is advantageous to you.
We keep you informed on each stage of the action steps.
Even when we make you sign the papers, we take time to explain its details and the reasons.
Only when you are convinced of the action and give us your consent we move ahead.
We are transparent in dealing with our clients as we follow the strict code of ethics and professional conduct.
We believe in building our relationship with our clients on mutual trust and confidence.
We believe your success is our success.