Know the fundamentals of bankruptcy in Grande Prairie

When your debt becomes insurmountable, and forms of counselling and debt solutions seem oblique, you may have no other alternative than to file for bankruptcy in Grande Prairie. At BDO, we understand that financial troubles can happen to anyone, due to job loss, illness, unexpected expenses and many other unforeseen circumstances. This is why we offer quality, professional, confidential debt solutions and insight regarding the options of bankruptcy, consumer proposal and more. Contact your local BDO to learn more about bankruptcy in Grande Prairie.

Contact your local BDO to learn more about bankruptcy in Grande Prairie.

Put debt behind you!

Become debt free sooner! Contact a BDO representative today about filing for bankruptcy in Grande Prairie and let us help you manage your debt.

The process of filing for bankruptcy in Grande Prairie

There are several major steps when beginning the process for filing for bankruptcy in Grande Prairie. Listed is an overview of the BDO bankruptcy process.

Make a complimentary appointment

The Trustee will review your financial situation and ask for information about your income, your assets and your outstanding debts. After reviewing your information the Trustee will discuss your options and confirm that filing for bankruptcy in Grande Prairie is the most appropriate solution.

Creditors are notified

Our trustee will notify your current creditors. A meeting of creditors may be called, depending on the size of your financial claim or bankruptcy claim. The main purpose of the meeting is to inform both you and your creditors about the details of the file and provide direction to the trustee if needed.

Credit counselling

As part of your duties, you are obligated to attend two counselling sessions. These sessions are directed to help you understand the leading factors that caused your bankruptcy, providing insight so that you can better handle these situations down the road.

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 Grande Prairie and the debts that were included in the bankruptcy process will be lifted.

Get on the road to financial
stability  with  BDO  today!