Debt Relief Success in BC

Debt—whether from credit cards, income taxes, student loans, or lines of credit—can quickly spiral out of control. Accumulate too much too fast, and you could be stuck with unmanageable financial obligations. The stress from that kind of unpayable balance can take a serious toll on your well-being and peace of mind.

If you’re feeling this pressure of paying off debt, the best step forward is to consult a Licensed Insolvency Trustee (LIT). Regulated by the Office of the Superintendent of Bankruptcy, LITs are the only professionals in Canada federally licensed to provide debt relief solutions. They can assess your situation, explain your options, and most importantly: lead you to debt relief success!

Debt Relief Solutions for You

What happens when you meet with an LIT? Since everyone faces different money obstacles, your LIT will carefully review and discuss how to get out of debt with a tailor-made solution. Here are two of the most common tools:

Consumer Proposal

A Consumer Proposal is a federally approved program that allows you to make a formal offer to your creditors, requesting changes to your debt conditions—in other words, negotiating a deal. Several key benefits make a Consumer Proposal an attractive option:

• 0% Interest on unsecured debts: Once your proposal is accepted, no further interest accrues, making repayment more manageable.
• Protection from collections & legal action: A stay of proceedings is put in place, halting all collection efforts, wage garnishments, and legal actions from creditors.
• Significant debt reduction: Depending on your situation, you may be able to reduce your total debt by over 80%.
• Structured & predictable repayment: Payments are spread over a fixed period, typically up to five years, for ease and consistency.
• Asset & income protection: A Consumer Proposal allows you to retain your assets and income tax refunds.
• Flexibility to repay faster: You can pay off your proposal early if you want and rebuild your credit sooner.
• Avoids Bankruptcy: A Consumer Proposal provides a formal debt solution before turning to Bankruptcy.

Bankruptcy

Bankruptcy can be one of the most effective debt solutions, as it is a legal process that eliminates most unsecured debts. It provides an honest but financially burdened individual with the opportunity for a fresh start. Key benefits of bankruptcy include:

• Protection from creditors: A stay of proceedings is put in place that halts all collection actions, from wage garnishments to lawsuits.
• Retention of exempt assets: Depending on your province’s regulations, you may be able to keep certain exempt assets, such as essential household items, a portion of your income, or a vehicle.
• Lowest-cost debt solution: For those with limited financial means, Bankruptcy is often the most affordable debt relief option.
• Financial recovery: Bankruptcy eliminates overwhelming debt, with the chance to rebuild your credit and financial stability.

Why Should I Choose Chase & Associates to Obtain My Debt Relief Success?

At Chase and Associates, our goal is to provide you with the best solutions—tailored to your needs. In over 40 years of servicing individuals, we have helped thousands find relief from their debts. Don’t believe us? Then we encourage you to look at our reviews and hear the real-life personal debt stories of our clients. A few of our favourites:

John F:

“Helped me out in a time of need. Strongly recommend anyone who isn’t sure what to do financially to reach out and ask for help!”

Colin:

“Much easier than expected. Recommended.”

Amanah:

“My experience with Len Hiquebran of Chase & Associates has been excellent. Len has made each step I have had to take very clear. He is able to create a professional yet friendly environment that leads to confidence in a good outcome. I am grateful that I was directed to  contact their office.”

Bonnie:

“If I could give this firm 100 stars I would! Wonderful people.”

Jennifer:

“I’m so happy my Bankruptcy is completed!! Thank you to all who helped me. It was so easy and everyone was so friendly, supportive and helpful. I recommend anyone who wants to be finally free of debt to give this business a chance. They helped me and the 9 months went so fast and now I’m free!!! Thank you, Thank you, Thank you!!!!”

Joey:

“I was having problems with the CRA such as threatening phone calls & frozen bank accounts over a very small sum of money, even though I had made an agreement to pay. It was very stressful, to say the least. Derek was able to help me and put my mind at ease. He was very clear in explaining my options and offered up a solution that worked for me. I can finally sleep again thanks to Derek and his team. I strongly recommend him!”

Colin H:

“Chase & Associates has been a lifesaver for me. I found myself swimming in debt. Derek laid out an easy-to-understand plan. His staff have been patient, responsive and professional, through my entire bankruptcy process. They have all over achieved when it came to my expectations. Thank you to everyone who was involved.”

At Chase and Associates, we work hard to get the best results for you. Contact one of our offices today to set up your free consultation to become another individual with debt management success.