Know the fundamentals of bankruptcy in Penticton

If your debt has become unmanageable and it seems that no other form of debt help can offer relief, it may be time to consider filing bankruptcy in Penticton. At BDO, we recognize there are multiple factors that can lead to financial troubles, whether loss of employment or unperceived situations; we understand. We offer you professional debt solutions regarding bankruptcy, consumer proposals and more. Contact your local BDO to learn more about bankruptcy in Penticton.

Ask BDO about filing bankruptcy in Penticton, today

Put debt behind you!

Become financially free! Talk to a BDO trustee near you for information on filing for bankruptcy in Penticton and see how we can help you become debt free.

The process of filing for bankruptcy in Penticton

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

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 Penticton, 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 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!