Bankruptcy in Edmonton: Knowing the process

If financial debt has gotten out of control in your life and it seems additional and alternative options are not providing the solutions you need, filing for bankruptcy in Edmonton may be your best option. At BDO, we recognize there are multiple factors that can lead to financial troubles, whether loss of employment or unperceived situations; we understand. This is why we offer quality, professional, confidential debt solutions and insight regarding the options of bankruptcy, consumer proposal and more. Contact us today to talk with a BDO representative about filing for bankruptcy in Edmonton.

Call BDO today for advice and information on bankruptcy in Edmonton.

Become debt free today.

Become financially free today! Contact your local BDO trustee about filing for bankruptcy in Edmonton and see how we can help you.

Bankruptcy in Edmonton

When you are about to declare bankruptcy in Edmonton, you should keep in mind that there are several steps involved. Here is an overview of some of the steps BDO will guide you through.

Make a complimentary appointment

Your trustee will review and look over your financial situation and will require information on your income, outstanding debts and assets. After reviewing all your necessary information, we will discuss your alternative options and decide if filing for bankruptcy in Edmonton is the most appropriate.

Creditors are notified

The trustee will notify your creditors. A meeting of creditors may be called, depending on the size of your bankruptcy or if your creditors call for a meeting. The main purpose of this meeting is to give your creditors a chance to learn the details of your situation and give directions to the trustee if they wish.

Credit counselling

You must attend two mandatory counselling sessions. Both of these sessions are held at the trustee’s office and are mandatory for the bankruptcy process. These counselling sessions will help you understand how to budget better and manage your finances.

Receiving your discharge

Our trustees will prepare a report outlining your actions during the bankruptcy process and will recommend your “discharge” if you have completed and performed all your duties. When you have received your discharge, this will complete the process for filing for bankruptcy in Edmonton and the debts that were included in the bankruptcy process will be lifted.

Get on the road to financial
stability  with  BDO  today!