Debt Settlement Company in BC License Suspended
Options Credit Services Canada Ltd a BC licensed debt settlement company is in the news again. On Dec 5 2013 the BC Consumer protection Agency suspended the license of the company and seized the bank accounts associated with the company.
Stating:
Action to safeguard the public interest as it is alleged that OCSC is non-compliant with the Business Practices and Consumer Protection Act and the Debt Collection Industry Regulation.
The law requires debt poolers operate a trust account and appropriately distribute consumer money to their creditors in accordance with an agreed upon repayment program.
The company, owned by Don Antle and his wife Karen Antle have also been named in several BC lawsuits this past summer alleging “fraudulent and misleading business practices”.
In statements made to the press and to the BBB, Better business bureau, the owners of the Options Credit Services Canada Ltd, claimed as of June 21, 2013 a that Options Credit Canada Limited is not operating the company and has stated it has no assets or revenue. As of this evening, the BBB of BC added an alert on their site regarding the debt settlement company.
In a BC court Antle failed to appear in a recent court hearing and claimed the company was insolvent.
Records obtained from the Superintendent of Bankruptcy indicate that neither the owners or the Ltd. company has ever filed bankruptcy in Canada.