Understanding the Basics of Bankruptcy in Prince George

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 Prince George may be your best option. At BDO, we understand that financial troubles can happen to anyone, due to job loss, illness, unexpected expenses and many other unforeseen circumstances. 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 Prince George.

Book an appointment or call to learn more about bankruptcy in Prince George from BDO.

Break free from debt today

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

What to expect during the bankruptcy process

When you are about to declare bankruptcy in Prince George, 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.

Make a complimentary appointment

Your trustee will review and look over your financial situation and will require information on your income, outstanding debts and assets. After reviewing all your necessary information, we will discuss your alternative options and decide if filing for bankruptcy in Prince George is the most appropriate.

Creditors are notified

Our trustee will notify your current creditors. A meeting of creditors may be called, depending on the size of your financial claim or bankruptcy claim. The main purpose of the meeting is to inform both you and your creditors about the details of the file and provide direction to the trustee if needed.

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 Prince George and the debts that were included in the bankruptcy process will be lifted.

Get on the road to financial
stability  with  BDO  today!