Understanding the Basics of Bankruptcy in Kelowna

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 Kelowna. BDO understands there are many factors that can affect you when it comes to financial debt, whether unforeseen or too difficult to manage. This is why we offer quality, professional, confidential debt solutions and insight regarding the options of bankruptcy, consumer proposal and more. Contact us today to talk with a BDO representative about filing for bankruptcy in Kelowna.

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

Live debt free now!

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

What you should expect in regards to the bankruptcy process.

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

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 Kelowna, 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 When you have fulfilled the obligations of the bankruptcy process you will receive your bankruptcy discharge. This means that all of your debts are wiped out and you will be debt free and on the road to financial stability.

Get on the road to financial
stability  with  BDO  today!