Bankruptcy in Nanaimo, British Columbia
Filing for personal bankruptcy in Nanaimo, British Columbia is a legal process under the Bankruptcy and Insolvency Act (BIA). A Licensed Insolvency Trustee administers the process, which typically lasts 9 to 21 months for a first-time filing. British Columbia exemptions allow you to keep up to $12,000 ($9,000 in Greater Vancouver) in home equity, $5,000 in vehicle value, and $4,000 in household goods. There are 1 Licensed Insolvency Trustees in Nanaimo who can guide you through the process.
Licensed Insolvency Trustees in Nanaimo
All providers listed below are licensed by the Office of the Superintendent of Bankruptcy. Initial consultations are typically free.
Linda Paul
Abbotsford
View profile →Brett Luckin
Burnaby
View profile →Bridget van Wyk
Burnaby
View profile →Krista Asher
Burnaby
View profile →Martin Cyr
Burnaby
View profile →Nurhaliza (Nora) Edwards
Burnaby
View profile →Scott Marshall
Burnaby
View profile →Shelley Koehli
Burnaby
View profile →Leonard Hiquebran
Campbell River
View profile →Gregory Moroso
Castlegar
View profile →Linda Paul
Chilliwack
View profile →James Moses
Coutenay
View profile →Karen Johnson
Cranbrook
View profile →Cecil Cheveldave
Kamloops
View profile →Michael Wright
Kamloops
View profile →Chris Sinclair
Kelowna
View profile →Darrin Surminsky
Kelowna
View profile →Dean Prentice
Kelowna
View profile →Douglas Thode
Kelowna
View profile →Dustin Joslin
Kelowna
View profile →Frequently Asked Questions
How much does bankruptcy cost in Nanaimo?
A first-time bankruptcy in Nanaimo costs a minimum of $1,800 in administration fees. If your income exceeds the surplus income threshold, you'll also make monthly surplus payments.
What assets can I keep in bankruptcy in British Columbia?
In British Columbia, you can keep up to $12,000 ($9,000 in Greater Vancouver) in home equity, $5,000 in vehicle value, and $4,000 in household goods. RRSPs are exempt except for contributions in the last 12 months.
How long does bankruptcy last in Nanaimo?
A first-time bankruptcy with no surplus income lasts 9 months. With surplus income, it extends to 21 months. A second bankruptcy takes 24 to 36 months.
MyClearDebt is not a debt relief provider. We do not provide financial or legal advice. Only Licensed Insolvency Trustees can administer consumer proposals and bankruptcies in Canada. Verify any provider's licence on the OSB register.