The Basics of Bankruptcy in Medicine Hat

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 Medicine Hat may be your best option. BDO understands there are many factors that can affect you when it comes to financial debt, whether unforeseen or too difficult to manage. We offer professional, confidential debt help and information regarding bankruptcy, consumer proposals and more. Contact us today to talk with a BDO representative about filing for bankruptcy in Medicine Hat.

Ask BDO about filing bankruptcy in Medicine Hat, today

Live debt free now!

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

What to expect during the bankruptcy process

There are several major steps involved in the process when declaring bankruptcy in Medicine Hat. 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 Medicine Hat.

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

Get on the road to financial
stability  with  BDO  today!