Smythe Insolvency

What Smythe Insolvency does

Smythe Insolvency Inc. is a privately held Licensed Insolvency Trustee (LIT) firm founded in 1980 and headquartered in Vancouver, British Columbia. The firm is regulated under Canada's Bankruptcy and Insolvency Act and is one of a limited set of professionals legally authorized to administer bankruptcies and consumer proposals in the country. Its core product set comprises Consumer Proposals (formal settlements of unsecured debt, typically over five years), Personal Bankruptcy, Corporate Bankruptcy, and Small Business Solutions, supported by mandatory Insolvency Counselling, Credit Counselling, Debt Consolidation, and specialized ICBC Debt assistance. An online Debt Repayment Calculator serves as a top-of-funnel self-service tool.

Smythe operates a distributed field-sales model through 13 physical office locations spanning Vancouver Island, the Lower Mainland, Fraser Valley, the Sea-to-Sky Corridor, and the South Okanagan, with the Vancouver office at 1700-475 Howe Street serving as headquarters. Customer acquisition relies on free, no-obligation initial consultations booked online or by phone, complemented by a content marketing and SEO strategy (blog, location-specific landing pages, LinkedIn/Facebook/Instagram presence). Revenue is generated through professional services fees on a per-engagement basis, with fee levels varying by individual financial circumstances and proceeding type; specific pricing is not publicly disclosed.

The firm targets individuals and families struggling with unsecured consumer debt (credit cards, tax debt, ICBC, student loans, payday loans, lines of credit), consumer proposal candidates with stable income owing under $250,000 in unsecured debt, and small business owners and self-employed individuals facing business debt and CRA obligations. The firm reports 11-50 employees, no parent company, no external investors, no disclosed funding history, and no M&A activity.

Name

Smythe Insolvency

Legal name

Smythe Insolvency Inc.

Website

https://smytheinsolvency.com

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

11–50 employees

Short description

Smythe Insolvency Inc. is a British Columbia Licensed Insolvency Trustee firm operating since 1980, administering bankruptcies and consumer proposals for distressed individuals, families, and small businesses across 13 BC office locations.

Ownership category

akta.pro rank

Product category

Insolvency & Debt Relief Services

NAICS

Credit Intermediation and Related Activities (522)

SIC

Services-Legal Services (8111), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Insolvency, Restructuring & Bankruptcy Administration (BPAHABAL)

akta.pro secondary industries

Bankruptcy, Insolvency & Restructuring Servicing (Consumer) (FSAKAJAK), Bankruptcy, Restructuring & Insolvency Law (BPAHAAAH), Insolvency & Turnaround Advisory (SME/Mid-Market Debtor-Side) (FSAEAFAK)

Keywords

• Insolvency trustee services
• Consumer proposal filing
• Personal bankruptcy services
• Debt relief solutions
• Credit counselling programs

Headquarters

HQ city

Nanaimo

HQ country

Canada

HQ region

North America

Offices13 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Insolvency Services: Professional services fees for administering bankruptcies, consumer proposals, and related insolvency proceedings. Services include assessment, filing, administration, and counseling throughout the insolvency process.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Smythe Insolvency is a Licensed Insolvency Trustee firm that administers consumer proposals, personal bankruptcies, and corporate bankruptcies under the Bankruptcy and Insolvency Act. The firm also delivers supporting debt-relief services including debt consolidation, ICBC debt solutions, small business restructuring, mandatory insolvency counselling, credit counselling, and bankruptcy alternatives consulting across 13 office locations in British Columbia.

Product overview

Smythe Insolvency is a Licensed Insolvency Trustee (LIT) firm operating in British Columbia since 1980, offering a comprehensive suite of debt relief services. The core offerings consist of Consumer Proposals (a formal agreement to settle unsecured debt at a fraction of what is owed, typically over 5 years) and Personal/Corporate Bankruptcy filing. Supporting services include Small Business Solutions for struggling business owners, Insolvency and Credit Counselling Programs, Debt Consolidation, and specialized ICBC Debt assistance. The firm provides professional Licensed Insolvency Trustee services across 13+ locations throughout BC, serving individuals, families, and small businesses seeking debt freedom.

Differentiator

Problem solved

Functional benefit

Products and services

• Consumer Proposals A formal debt settlement agreement governed by the Bankruptcy and Insolvency Act (BIA) that allows individuals to negotiate repayment of unsecured debts at a fraction of what they owe, typically over a period of up to five years. Consumer proposals stop creditor collection actions and allow filers to retain their assets.
• Personal Bankruptcy A legal debt solution governed by the Bankruptcy and Insolvency Act that provides individuals with the opportunity to eliminate their debts and obtain a fresh financial start. Filers are protected from creditor actions and may retain exempt assets.
• Corporate Bankruptcy Bankruptcy services for corporations and self-employed individuals facing financial difficulties, allowing for organized winding-down of business operations and distribution of assets to creditors.
• Small Business Solutions Tailored debt relief options for small business owners including consumer proposals and corporate bankruptcy to help restructure corporate debt, liquidate business assets, and negotiate with creditors including the Canada Revenue Agency.
• Licensed Insolvency Trustee Services Government-licensed professionals authorized to administer bankruptcies, consumer proposals, and other insolvency proceedings. They assess financial situations, guide clients through processes, and act as intermediaries with creditors.
• Insolvency Counselling Program Mandatory financial counselling sessions required during bankruptcy or consumer proposal processes, helping clients develop better money management skills, budgeting, and financial planning.
• Credit Counselling Program Financial education and guidance services to help individuals manage debt more effectively, including negotiating with creditors to lower interest rates and creating manageable debt repayment plans.
• Debt Consolidation Debt consolidation services that combine multiple high-interest debts into a single, more manageable loan with a lower interest rate to make debt more affordable and easier to repay.
• ICBC Debt Solutions Specialized assistance with ICBC (Insurance Corporation of British Columbia) debts, helping clients address vehicle-related debts as part of comprehensive debt relief strategies.
• Bankruptcy Alternatives Consulting Advisory services exploring alternatives to bankruptcy including informal settlements, negotiations with creditors, debt management plans, and budgeting strategies.

Quantifiable outcome

• Consumer proposals can reduce debt by up to 80%
• +2 more outcomes

Named customers18 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves4 records

Expansion highlights4 records

Broad incumbents

• BDO Canada (BDO Debt Solutions): BDO is a major global accounting network with a Canadian insolvency practice providing personal bankruptcy, consumer proposals, and corporate restructuring. Directly comparable as a regulated LIT firm offering the same federal-proceeding services, but operating nationally and within a much broader professional services portfolio.
• Grant Thornton Canada: Grant Thornton operates a national LIT and restructuring practice alongside its broader audit, tax, and advisory services. Comparable as a regulated insolvency services provider, though typically weighted toward corporate/restructuring work over consumer filings.
• MNP LLP (MNP Debt): MNP is one of Canada's largest professional services firms with a significant Licensed Insolvency Trustee practice serving individuals and small businesses across every province including BC. Comparable because it offers the same consumer proposal and bankruptcy services as Smythe, but at national scale with broader accounting and tax offerings.

Direct peers

• Hoyes Michalos & Associates: Hoyes Michalos is a Canadian Licensed Insolvency Trustee firm focused heavily on consumer proposals and personal bankruptcy. Direct peer because of regulatory symmetry (same BIA-authorized products), shared customer persona (debt-stressed consumers), and similar dedicated-debt-relief business model.
• David Sklar & Associates: David Sklar & Associates is a Canadian Licensed Insolvency Trustee firm providing consumer proposals, bankruptcy, and debt counselling services. Direct peer because it operates under the same regulatory framework, offers an overlapping service menu, and targets the same consumer/SMB segments.
• Farber Financial Solutions: Farber is a Canadian debt relief and insolvency firm specifically focused on consumer proposals, personal bankruptcy, and corporate restructuring. Direct peer because it competes for the same individual and small business clients with the same LIT-authorized services, and operates multiple offices across Canadian provinces.
• Kuhn LLP: Kuhn LLP is a Western Canadian accounting and insolvency firm providing personal bankruptcy and consumer proposal services. Direct peer because it operates in overlapping geographies (Alberta, BC) with the same LIT-authorized offerings.
• Doyle Salewski Inc. Doyle Salewski is a Canadian LIT firm specializing in personal bankruptcy, consumer proposals, and small business insolvency. Direct peer because it competes for similar distressed-individual and SMB clients with the same federally regulated trustee services.
• Sands & Associates: Sands & Associates is a Licensed Insolvency Trustee firm operating across multiple British Columbia communities. Direct peer because it serves the same BC geography, same regulatorily authorized services (consumer proposals, bankruptcy), and same target customer segments (individuals and small businesses in debt distress).

Emerging players

• Credit Counselling Society (CCS): CCS is a Canadian non-profit providing credit counselling, debt management plans, and consumer proposal referrals. Comparable because it funnels prospective bankruptcy candidates into the LIT channel (consumer proposals) and competes for the same top-of-funnel education/awareness demand.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks4 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/smytheinsolvency
• LinkedInlinkedin.com/company/smytheinsolvency
• Instagraminstagram.com/smytheinsolvency

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Smythe Insolvency