Know the fundamentals of bankruptcy in Cranbrook

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 Cranbrook 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 can offer you confidential and tailored solutions to filing for bankruptcy and a consumer proposal. Contact BDO to talk with a trained financial specialist about your options for bankruptcy in Cranbrook.

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

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

What to expect during the bankruptcy process

When declaring bankruptcy in Cranbrook there are several steps involved in the process. Here is a brief overview of the bankruptcy process from BDO.

Make a complimentary appointment

Our trustees will review your financial situation and gather information on your income, assets, and outstanding debts. After reviewing all these factors, our trustees will sit with you and confirm that filing for bankruptcy in Cranbrook is the best alternative.

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 recommend your discharge after the necessary duties have been completed and a report has been finalized summarizing your actions and the bankruptcy process. When you have received your discharge, the process will be closed and your debts erased (as included in your bankruptcy).

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stability  with  BDO  today!