The Basics of Bankruptcy in Brampton

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 Brampton. 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 BDO to speak with one of our representatives about bankruptcy in Brampton.

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Become debt free today.

Become financially free! Talk to a BDO trustee near you for information on filing for bankruptcy in Brampton 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 Brampton, 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.

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 Brampton.

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

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stability  with  BDO  today!