BSCC Helps With
Your Debt Troubles

BSCC Helps With
Your Debt Troubles

BSCC Helps to Lower
Your Financial Stress

BSCC Helps to Lower
Your Financial Stress

What is Bankruptcy?

Bankruptcy is a legal process that helps individuals who are unable to pay their debts. In Canada, if you owe at least $1,000, reside or have assets in Canada and are insolvent (you can no longer pay your debts), you may file for bankruptcy. When you file bankruptcy in Canada, you assign non-essential assets and surplus income to your creditors in exchange for which your debts are released

You can also make a formal offer to creditors to settle debts under conditions other than the original terms by making a consumer proposal.

If you are considering filing for bankruptcy in Canada, you must go through a Licensed Insolvency Trustee (LIT). LITs are licensed and regulated by the Office of the Superintendent of Bankruptcy (OSB) to help Canadians get out of debt. They can help you file for bankruptcy or submit a Consumer Proposal to your creditors. LITs perform a legal role in bankruptcy filing. They are federally regulated professionals. They are the only professionals authorized to administer government-regulated insolvency proceedings that allow you to be discharged from your debt, such as consumer proposals and bankruptcies. At BSCC we work with LITs in support and on behalf of our clients. When clients come to us before they approach a Licensed Insolvency Trustee, we can facilitate not just dealing with an LIT, but what comes after the bankruptcy proceedings or consumer proposal has been settled from a legal standpoint. Building back your credit worthiness and better managing your financial situation, are all areas where LITs do not involve themselves, and this is where organizations like ours can provide support and assistance. This is why when clients go through us for Consumer Proposals or Bankruptcies, we can assist with being your guide and representative throughout the entire process – and work with the respective officers that are required for the proceedings.

Contact us to learn more about what is involved in this process. We provide COST-FREE, NO OBLIGATION initial consultations to understand your individual situation. Only by learning about your specific circumstances are we in a position to suggest necessary steps and solutions.


Winnipeg Office
#330 St. Mary Ave,
Winnipeg, MB, R3C 3Z5
Phone No.

Abbotsford Office
#1A – 2497 Clearbrook Road
Abbotsford, BC V2T 2Y3
Phone No.
BSCC Logo White Small
Toronto / Head Office
#43 – 8500 Torbram Road
Brampton, ON L6T 5C6
Phone No.

Surrey / Vancouver Office
#205 – 12033 92A Avenue
Surrey, BC V3V 4B8
Phone No.

NATIONWIDE Phone No.

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© 2024 Business Solutions & Credit Counseling Services Inc.

Calgary Office
#218-3132 26 Street NE
Calgary, Alberta T1Y 6Z1
Phone No.

Edmonton Office
#5227 55 Ave NW
Edmonton AB T6B 3V1
Phone No.
BSCC Logo White Small
Toronto / Head Office
#43 – 8500 Torbram Road
Brampton, ON L6T 5C6
Phone No.

Surrey / Vancouver Office
#205 – 12033 92A Avenue
Surrey, BC V3V 4B8
Phone No.

NATIONWIDE Phone No.
Winnipeg Office
#330 St. Mary Ave,
Winnipeg, MB, R3C 3Z5
Phone No.

Abbotsford Office
#1A – 2497 Clearbrook Road
Abbotsford, BC V2T 2Y3
Phone No.
Calgary Office
#218-3132 26 Street NE
Calgary, Alberta T1Y 6Z1
Phone No.

Edmonton Office
#5227 55 Ave NW
Edmonton AB T6B 3V1
Phone No.

Follow us:

© 2022 Business Solutions & Credit Counseling Services Inc.