We help to reduce your debt by up to 80% and get you back on track. Up to 97% of families successfully complete the plans we create and become debt free.
From condo owners in Metrotown and Brentwood to renters near Edmonds and students on Burnaby Mountain, debt in Burnaby tends to follow the cost of living here. 4 Pillars helps Burnaby residents understand their options and choose a plan that fits.
Whether it’s one card that got away from you or several debts that no longer fit your pay cheque, a confidential conversation will show you where you stand and what your realistic next steps are.
Housing takes a large share of many Burnaby budgets, and condo owners also carry strata fees and the occasional special levy. Add a car loan or a SkyTrain pass, groceries and childcare, and credit cards can end up covering the gap every month. We start by mapping your income and expenses, then explain which debt relief options fit: a tighter budget and money coaching, a debt management plan, or a formal solution through a Licensed Insolvency Trustee. See all of our services.
More Lower Mainland residents are turning to formal options. According to the Office of the Superintendent of Bankruptcy, the Lower Mainland–Southwest economic region, which includes Metro Vancouver, recorded 7,844 consumer insolvencies in 2025, up 8.6% from 2024. About 85% of them (6,647) were consumer proposals.
For a Burnaby household with steady income but more unsecured debt than it can repay in full, a consumer proposal is often the first formal option to look at. A Licensed Insolvency Trustee files an offer to your creditors to repay part of what you owe over up to five years, and the creditors vote on it. If you own a condo, keep in mind that unpaid strata fees can become a lien on your unit, so they’re treated differently from credit card debt. 4 Pillars is not a trustee. We help you prepare and connect you with one. How consumer proposals work.
Bankruptcy is more likely to suit a Burnaby renter with modest income and few assets than a condo owner with equity. Only a Licensed Insolvency Trustee can file it, and B.C. law decides which of your assets are protected. We’ll walk you through what it could mean for your situation before you meet a trustee. Learn about bankruptcy.
A consolidation loan or line of credit can simplify payments if your credit is still good. Burnaby condo owners sometimes look at refinancing, but that moves unsecured debt onto your home and doesn’t reduce the total you owe. If you’ve been declined, or the only offers carry high interest, it’s worth comparing options for homeowners and a proposal first.
4 Pillars is not a Licensed Insolvency Trustee. We explain your options in plain language, including what each may cost, help you prepare, and introduce you to a trustee when a formal filing makes sense. Once your debt is dealt with, we help with credit rebuilding so the progress lasts.
Elsewhere in the Lower Mainland? See our Vancouver, Richmond and Surrey pages.
Under B.C.’s Strata Property Act, a strata corporation can register a lien against your unit for unpaid strata fees. Secured debts like that generally aren’t reduced by a proposal, but dealing with your unsecured debts can free up money to catch up. A trustee will confirm how your strata arrears are handled.
Start with a budget that fits your student income. If the balances are already out of reach, talk to us before missing payments. A formal option may deal with credit card debt even if your student loans need to be handled separately.
You can ask a collector to contact you in writing, and B.C.’s consumer protection rules limit how and when collection agents can contact you. Once a consumer proposal or bankruptcy is filed, most unsecured creditors must stop collection action.
Yes. About 85% of the 7,844 consumer insolvencies filed in the Lower Mainland–Southwest economic region in 2025 were consumer proposals.
Complete the form on this page or call 250-410-3963 to arrange a confidential consultation.
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