Small Business BC abruptly declares bankruptcy [Video]

A decades-old non-profit with a mandate of supporting B.C.’s small businesses abruptly declared bankruptcy – resulting in dozens of employees losing their jobs weeks before Christmas.

The president of the board of directors for Small Business BC gave a letter to employees last week, saying an insolvency trustee had been appointed to “begin the bankruptcy process” and that the organization would immediately cease operations.

Small Business BC offered a range of services to owners and entrepreneurs, including guidance on how to establish a business and ensure its success. It also received federal and provincial funding.

Mark Eversfield worked for the organization for 32 years, making him the longest-tenured employee. He said he and his colleagues were informed about the bankruptcy in a Zoom meeting and described the news as a “bombshell.”

Workers, according to Eversfield, will not be collecting a final pay cheque, were not given any severance or outstanding …