Bankruptcy in Brandon: Knowing the process

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 Brandon. BDO understands that financial debt can happen to anyone, whether because of unexpected expenses or unforeseen circumstances. We can offer you confidential and tailored solutions to filing for bankruptcy and a consumer proposal. Contact your local BDO to learn more about bankruptcy in Brandon.

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

Become debt free today.

Become financially free today! Contact your local BDO trustee about filing for bankruptcy in Brandon and see how we can help you.

The process of filing for bankruptcy in Brandon

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

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 Brandon is the most appropriate.

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

As part of your duties, you must attend two counselling sessions. These sessions, held at the trustee's office, are mandatory and are intended to help you understand the causes of your bankruptcy and help you better manage your finances in the future.

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

Get on the road to financial
stability  with  BDO  today!