Boale, Wood & Company Ltd.: It's never late to seek help for debt problems

"You don't have to pay anybody to be referred to me," says David Wood, a partner of Boale Wood & Company Ltd. "The earlier you see me the better. And the initial consultation is free."

With local offices in Coquitlam, New Westminster, Surrey, and Vancouver, and providing services on the Sunshine Coast and in the Yukon Territory, Boale Wood is a Licensed Insolvency Trustee firm that offers professional advice and solutions to consumer and corporate debtors.

"Many clients come in and say, 'I don't want to go bankrupt,'" notes David. "The fact is bankruptcy is just one of a number of options. Because we're licensed and regulated by the Federal Government through the Office of the Superintendent of Bankruptcy, we can also offer alternatives to bankruptcy, such as a consumer proposal." 

A Licensed Insolvency Trustee is the only professional that can file a proposal, including a consumer proposal, or a bankruptcy.  No one else can.

Most people shy away from talking about their debt problems, but David says that tackling the issue early is key to benefiting from his help.

"When you realize that you're in financial difficulty and you're only making the minimum payments and making no headway with your debt load, you need to come and see me,” David advises. “The first information session is free and the earlier we meet, the more tools I have to help you deal with the debt."

A common misconception that David and his partners encounter is the notion that you need to see a credit counsellor or debt consultant prior to calling Boale Wood.

"This is absolutely not true," David says. "If anything, it should be the other way round. We're the only professionals authorized to file consumer proposals or a bankruptcy, whichever option makes sense for your situation. We can also help you seek relief from your debt to the government – taxes, GST, or medical premiums, for example. Credit counsellors don't have the ability to do any of those things."

For more information on Boale Wood & Company Ltd. or debt proposals call 604.605.3335, check out their website at boalewood.ca, or email sboale@boalewood.ca. Boale, Wood & Company Ltd. can also be found on Facebook and Twitter.

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