Insolvency Counselling; The educational piece of the insolvency process required by the BIA, Bankruptcy and Insolvency Act and the OSB, Superintendent of Bankruptcy. In Canada with each consumer insolvency, either a consumer proposal or bankruptcy, there are 2 mandatory insolvency counselling sessions required to be conducted by the LIT, Licensed Insolvency trustee or their designated,…

Terry Sharp has joined our team at Sheila Smelt & Associates! We could not be more pleased and excited to have such an experienced and well respected Estate Administrator join our team in Abbotsford.  Terry Sharp brings years of professional experience from the big bankruptcy business of Sands Trustee to our boutique Licensed Insolvency Trustee…

Cut your Credit Card Debt with these Easy Tips Credit Card debt has just risen to the highest level in 3 years in British Columbia.  Debt Denial is affecting 50% of the Canadians. These consumers are carrying high levels of credit card debt and paying minimum payments every month and think it is okay! If you…

1. Omitting Expenses – Not all expenses can be tracked monthly and yet they are important and must be included in the monthly allowance in order to not be caught short when the item rolls around.  Easy one, Christmas, budget every month to put away an amount that will prevent you from using credit to…

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