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Welcome to Victoria Bankruptcy .ca!

Living in debt is one of the hardest life altering events a person or family can endure. When your home is no longer safe, invaded by harassing phone calls, debt collectors calling at all hours and you even wonder if the utilities will be turned off over night. Financial debt problems are not something we should live with. Find your path to financial freedom, free of debt and bill collectors!

Victoria Bankruptcy.ca located in Victoria BC specializes in helping people find their way to financial freedom. We can help you negotiate payment terms with your creditors, we can work on consumer proposals to help keep your creditors satisfied and you sleeping easy at night.

In a worst case scenario, our Victoria based bankruptcy trustees can help you take that step into bankruptcy if that is the best option for you!

Drop by our Victoria location for your free consultation and see what options are best suited to your current financial situation!

Consumer bankruptcy is a legislative procedure under Bankruptcy and Insolvency Act ("the BIA")

complemented by provisions of federal and provincial legislation
that allows an insolvent person, who cannot pay his debts and liabilities, and who assigns himself or petitioned by the creditors into bankruptcy, to surrender his property to a trustee in bankruptcy for the purpose of distribution among creditors in accordance with legislative priority of distribution scheme; and upon bankrupt’s compliance with bankruptcy procedures
allows a bankrupt to be discharged (excused) from paying all or part of his debts and liabilities. The legislation may be complemented by regulations and Office of the Superintendent of Bankruptcy directives (OSB Directive(s)) (the latter provide guidelines to the trustees in bankruptcy on various aspects of the BIA).

The bankruptcy procedure is under reform. Bill C-12 is a comprehensive insolvency reform package by Parliament to modernize the BIA and related acts. As of April 2008 the bill has received Royal assent but its legislative and regulatory amendments have not yet been proclaimed in force. The current status of Bill C-12 can be found at the Office of the Superintendent of Bankruptcy website and Parliament's website.