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Types Of Debt

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Buying a car is a huge investment. You may have underestimated the accumulated interest or had an unforeseen complication arise. When you acquire more debt than you can handle, you might feel like you have no one to turn to.

Contact a trustee at Abakhan & Associates. We can help you understand your financial situation and discuss your options. We're here to help you with your car loan debt in Vancouver and throughout BC.

How We Can Help

Debt can put a huge stress on you and your family. If you have exhausted your finances and feel like there is no way out, don't give up. Discuss your options with a Trustee in Bankruptcy. You will get the care and attention you need to get out of your financial situation and back to regular life.

Our team understands that financing your car has huge impact on your life. We don't take this responsibility lightly. You will receive dedicated service from a team who cares about you.

Sue or Seize, Not Both

We also inform clients of pertinent laws that may affect their situation. The more you know, the better decisions you can make regarding your finances. We are here to help you with that.

One of the legalities we make sure every client understands is the "seize or sue" law in British Columbia. This law can protect you from having creditors both sue you and seize your vehicle. In most car purchase financing options, they can only do one or the other. This means if you stop making car loan payments and a creditor seizes the car, they can no longer seek to collect more money. On the other hand, if they sue you for your debt amount, they cannot claim your car as well. This is not true of all financing options, so chatting to your trustee or a lawyer about this to get clarity is important.

Come to us for debt help in VancouverVernonPrince GeorgeVictoria or Surrey. Our professional trustees are more than happy to help you work through your financial hardship.

Call us at 604-689-4255 to get debt help today.

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