Allan Marshall & Associates, Inc. Licensed Insolvency Trustee Office in Burnaby, British Columbia
How to Get Out of Debt in Burnaby, British Columbia
| Address: 2025 Willingdon Ave #900 Burnaby, BC V5C 0J3, Canada |
| Hours Monday – Saturday, 9am – 9pm Sunday: Closed By appointment only |
| Phones are answered Mon-Sat to book both in-person & telephone appointments: 1-778-623-7850 1-888-371-8900 Toll Free |
| Accessibility: |
| Landmarks: We are located in the Regus Business Center, Suite 900 at Solo District. |
Get Help Today
Book a risk-free 30-minute call with one of our experts to discuss your needs.
When it comes to debt issues, there is no one-size fits all solution. A Licensed Insolvency Trustee (LIT) has the knowledge and experience to create a tailored debt relief plan to fit your needs.
If you have questions about your debt and how to find relief, we can help! Our LITs can present you with all the available debt services in Burnaby and recommend a path forward.
How We Can Help – Debt Solutions in Burnaby
If you’re dealing with collection calls, wage garnishment, or creditor lawsuits – we understand how stressful this can be. The good news is, there are options!
At Allan Marshall & Associates, we’ve helped thousands of Canadians like you navigate their debt and find relief. We offer a range of debt help solutions, including:
Credit Counselling
In a credit counselling session, our debt advisors will work with you to understand the causes of your current debt issues. This allows them to tailor the counselling sessions to meet your needs. If you struggle with budgeting and money management, they can teach you how to create a monthly budget and use it to get out of debt.
The purpose of credit counselling is to help you change your financial habits so you can get out of debt and stay out of debt in the future.
Consumer Proposal
If you are insolvent or on the verge of insolvency, you might consider a Consumer Proposal. In a Proposal, you work with your LIT to develop an offer to pay your creditors a percentage of your debt, to extend the time you have to pay, or both. You have a maximum of five years to complete the proposal.
Personal Bankruptcy
Filing for Personal Bankruptcy is typically the last choice for most Canadians. However, Bankruptcy can provide a fresh financial start.
Bankruptcy can eliminate many of your unsecured debts, including credit card debt, personal loans, lines of credit, and payday loans. While you will have to sell some of your assets to repay your creditors, you won’t lose everything. Federal and provincial laws outline exclusions to what can be sold.
Which Debt Service in Burnaby is Right For You?
Understanding which debt service is right for you can be tricky. A Licensed Insolvency Trustee can assess your finances to determine which debt solutions you qualify for, and which makes the most sense for your personal situation. Some of the factors an LIT will consider include:
- How much debt you have
- If you are insolvent (unable to pay your debts)
- The root cause of your debt issues
- If creditors have taken action against you (wage garnishment, lawsuits)
- How your debt is affecting you personally (stress, relationship issues)
When you speak to a LIT, you can lay it all out there. Our LITs have heard and seen all types of debt problems. They will approach your situation with empathy and zero judgment.
Work With a Burnaby Licensed Insolvency Trustee
When looking for debt relief in Burnaby, a Licensed Insolvency Trustee can provide you with the widest variety of debt help options. This is because LITs are the only professionals in Canada authorized to administer formal debt relief solutions, including Consumer Proposals and Bankruptcies. There are also other benefits to working with an LIT:
- Qualified. Our LITs have the education, qualifications and experience needed to assess your financial situation and recommend the most appropriate debt solution.
- Regulated. All LITs are regulated by the Office of the Superintendent of Bankruptcy (OSB). The OSB monitors everything from how an LIT practices to how much they can charge for their services.
- Supportive. Your LIT can help release a lot of your stress. They will deal with your creditors directly so you don’t have to. They will also guide you through every step of your debt relief journey.
- Local. At Allan Marshall & Associates, our LITs are part of your community. With an office location in Burnaby, you can set up an appointment to come into our office and discuss your situation with an LIT in person.
Learn More About Debt Services Burnaby
Unfortunately, your debt issues won’t go away unless you address them head-on. If you need financial aid in Burnaby, we are here to help. You don’t need to struggle with your debt alone. Our team of dedicated debt professionals and Licensed Insolvency Trustees can present you with the different debt solutions in Burnaby and help you decide which one is right for you.
When you’re ready to take action, give us a call at 1-888-371-8900 or fill in our online contact form for a free, no-obligation consultation. We can help you through this, and we look forward to speaking with you.
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