When your debt becomes insurmountable and alternative forms of debt relief are not appropriate, you may have no other alternative than to file for bankruptcy in Red Deer. At BDO we understand that there are many unforeseen circumstances that can contribute to financial difficulties. That’s why we are committed to providing help in the form of solutions such as bankruptcy filing and consumer proposal. Contact BDO to talk with a trained financial specialist about your options.Help is here for you
Become financially free! Talk to a BDO trustee near you for information on filing for bankruptcy and see how we can help you become debt free.
When you are about to declare bankruptcy, 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.Arrange a complimentary meeting/appointment
Your trustee will review your financial situation, including information about your income, outstanding debts and assets. After reviewing all the necessary information, we will discuss your options and decide if filing for bankruptcy is the most appropriate next step.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
There then follows two mandatory sessions at your trustee's premises. These sessions investigate the causes of your bankruptcy and help you improve your financial management skills.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 and the debts that were included in the bankruptcy process will be lifted.
Millenium Centre 600, 4909 - 49th Street,
Red Deer, AB T4N 1V1
Get on the road to financial stability with BDO today!