Know the fundamentals of bankruptcy in Lethbridge

If debt is starting to majorly affect all aspects of your life, and your options for debt support seem slim, filing for bankruptcy in Lethbridge may be your best option. At BDO, we understand that financial troubles can happen to anyone, due to job loss, illness, unexpected expenses and many other unforeseen circumstances. We offer professional, confidential debt help and information regarding bankruptcy, consumer proposals and more. Contact your local BDO to learn more about bankruptcy in Lethbridge.

Contact your local BDO to learn more about bankruptcy in Lethbridge.

Break free from debt today

Reclaim your financial freedom! Talk to your local BDO representative about bankruptcy in Lethbridge and what we can do for you.

What you should expect in regards to the bankruptcy process.

There are several major steps involved in the process when declaring bankruptcy in Lethbridge. Listed is a brief overview of the process from BDO.

Arrange a complimentary meeting/appointment

Our representatives will begin by assessing your financial situation and gathering information on your income, outstanding debts and assets. Following this review, our representatives will have a better idea of your circumstances and help you make an informed decision about filing for bankruptcy in Lethbridge.

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

When filing for bankruptcy in Lethbridge, you are obligated to attend two mandatory counselling sessions. Held at the trustees office, these sessions are designed to help you better understand the situation that cause debt, and the solutions you can use in the future to manage it.

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

Get on the road to financial
stability  with  BDO  today!