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Division 1 Proposal vs Consumer Proposal

Tuesday, January 12, 2016

Division 1 Proposals and Consumer Proposals are legally binding debt resolution options administered by a licenced insolvency trustee. Both procedures are governed by the Bankruptcy and Insolvency Act. A licenced trustee, acting as a proposal administrator, files the proposal with the Office of the Superintendent of Bankruptcy Canada (OSB). 

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The Perils of Debit Cards in BC

Tuesday, November 24, 2015

Debit cards are a popular payment method, introduced over twenty years ago, in 1994. Linked to your bank account through the Interac system, debit is accepted by many merchants and is preferred by most retailers over credit cards because of the lower processing fees. 

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Preparing to Meet With a Bankruptcy Trustee

Tuesday, November 10, 2015

It takes a lot of courage to pick up the phone to arrange to meet a bankruptcy trustee. If you are having financial difficulty, taking this first step to reach out for help is the best move you can make to alleviate your situation. You may also want to read up on FAQs on credit, debt, bankruptcy, and more before your meeting with one of us in Victoria, Vancouver, Surrey, Vernon or Prince George, BC. 

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