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Debt Management Vancouver

Are you riddled with debt, and is it affecting your life? The debt crisis has become a nightmare that many people are facing. Most find it difficult to pay back their creditors as their finances go south. Feelings of hopelessness are common in this situation and become worse when creditors start actively demanding their money back. Before giving in to utter desperation as a debtor, it's good to know that there are professionals whose work is dedicated to helping you navigate your financial situation in a bid to help you manage your debts wisely.

Smythe Insolvency is a firm that provides you with such professionals, Licensed Insolvency Trustees, whose sole purpose is to see you through an insolvency process that suits your case. Our trustees are highly experienced to ensure they give you the service you deserve. We offer you services for debt management in Vancouver.

Enlisting the Help of a Licensed Debt Consultant

With a lot of people finding themselves in debts, many businesses have been established around the basis of debt management. In this industry, you'll find people claiming to give advice and solutions for whatever challenges you could be facing with your debt.

As a debtor, it's good to understand that at the end of the day, when you really need to deal with your insolvency problems, these unlicensed debt consultants cannot be of much help to you. When it comes to matters involving bankruptcy and consumer proposals, only a Licensed Insolvency Trustee can carry out the required legal proceedings on your behalf. We at Smythe Insolvency are here to take care of all your insolvency needs.

Who is a Licensed Insolvency Trustee?

Licensed Insolvency Trustees are court officers who are regulated by the federal government to carry out insolvency proceedings. Being a trustee, their focus is providing you, as a debtor, with the best solutions for your situation. On initial contact, they'll give you a free consultation—this is when they assess your situation and advise you on the way forward. Sometimes, your case may not require to be solved through a consumer proposal or an assignment of bankruptcy, and they’ll give you alternative solutions.

Our licensed insolvency trustees can help you sort through your finances and draw up a plan for your debt management needs in Vancouver. Regulated by the government and bound by the law, you can expect quality services with no chances of being defrauded.

What Will a Licensed Insolvency Trustee Do for You?

A Licensed Insolvency Trustee is the only professional who can help execute a consumer proposal or file a bankruptcy request for you. By doing this, they act as a mediator between you and your creditor. They ensure that your rights are not overlooked.

Other than that, they'll also offer you advice on how to make better financial decisions later on in life to avoid getting in such tight situations again.

Given they're regulated by the law, their fees are more reasonable than those charged by unlicensed service providers. Our trustees at Smythe have years of experience and the right skills to address your concerns adequately.

Contact Us Today

Call us for a free consultation on 1-888-751-2668 and get started on a journey towards better debt management in Vancouver.

Debt Management Vancouver

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pay off debt vancouver

When you have too much debt, it can cause you to be under a lot of stress. It can also be depressing. You may feel as though you will never get out from under the mountain of bills. There is hope for you to pay off debt in Vancouver. At Smythe Insolvency, we have the experience and expertise to assist you with your financial problems. We will give you the information you need to improve your money problems and keep you from getting back into debt.

How Can I Pay Off Debt in Vancouver?

You can pay off debt in Vancouver with help from a financial specialist. You can learn how to create a budget, so you live within your means and set aside enough money to make payments towards your debt. You may be able to get a debt consolidation loan that lets you pay off debt and make one affordable payment each month. If you are in severe debt, you may need to consider other options such as bankruptcy or a consumer proposal. 

Options for Consumers

The two options that are available for consumers in Vancouver include bankruptcy and a consumer proposal. A consumer proposal is a legal agreement that requires you to pay off debt in Vancouver over time with several fixed payments. Bankruptcy is often considered a last resort. It requires you to keep only a limited amount of assets. A consumer proposal is a good solution for those who have a regular monthly income. You will be able to save your assets, such as your home and car. You will have up to five years to repay the consolidated debt with a consumer proposal, and it will remain on your credit history for three years after your final payment. Bankruptcy stays on your record for six years.

Can I Get A Fresh Start?

When you pay off debt in Vancouver with bankruptcy or with a consumer proposal, you essential get a fresh start. You will be able to start rebuilding your credit after you resolve your debt situation. The immediate result is that your creditors will stop calling you and harassing you for payment. When you make arrangements to pay your debt and stay on your plan, creditors will see that you have made an effort to resolve your financial problems. You will be able to start over and begin getting access to new credit over time.

Financial Counselling

At Smythe Insolvency, we offer comprehensive financial counseling services. We provide you with the information and tools you need to manage your finances. We will assist with creating a budget and evaluating your financial goals. We will help you set your goals and attain your financial independence. Whether you are saving for a house, retirement, education, or anything else, we will work with you to get you on the path towards success. You will learn to live within your means so you will never again get into financial distress. Contact our team today for a free initial consultation.

debt advisors

Many people get into financial trouble because they have too much debt. You can quickly get off track and get further and further into debt when you live beyond your means. You need to get help from debt advisors to learn how to get out of debt and stay debt-free so you can reach your goals.

How Can I Resolve Debt Problems?

First, learn about your debt and find out your options from qualified debt advisors. Our knowledgeable team will review your finances and answer your questions. We will assist in developing a plan to get out of debt and start saving money for the things you want. Some people want to save for a house or a car or retirement. We will educate you about the various tools that are available to help you save the money you need in your allotted timeframe.

Get Out of Debt

If you are deep in debt, you might need to consider taking more severe action. You might want to consider a consumer proposal or bankruptcy. Both options allow you to repay debt and get a fresh start once you complete repayment. A consumer proposal will enable you to keep your assets, but you must have a monthly income so you can make fixed payments each month until you repay what you owe. The consumer proposal affects your credit rating for up to five years after you finish making payments. Bankruptcy allows you to keep fewer assets and will remain on your record for six years after the discharge is complete.

How Can I Start Rebuilding My Credit?

A fresh start gives you the way to pay off your debt so you can start rebuilding your credit. It can take some time to rebuild credit. First, you must resolve your outstanding debt and take care of any problems that are in your credit history. If you find mistakes in your credit history, you can take steps to resolve the issues. After you pay off your debts, you will begin getting offers for new credit cards. You can start to rebuild credit by establishing one credit card with a small limit. Make sure that you always make payments on time. As you build your credit back up, you will be able to obtain a car loan or a home mortgage once you establish yourself.

Guidance from Experienced Debt Advisors

You can rely on Smythe Insolvency to get the financial advice you need. Our expert debt advisors will evaluate your needs and give you some options to help you reach your financial goals. Everyone’s financial needs and goals are different, so it is helpful to get some education about your particular situation. You will benefit from learning how to manage your money and live within a budget. You can save for the things in life that you want and need and will be able to live without the stress of money problems. Contact us to receive a free initial financial consultation to get started with resolving your financial troubles.


Smythe LLP
201-1825 Bowen Rd, Nanaimo, BC V9S 1H1

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