Bankruptcy in Guelph: Knowing the process

If debt is starting to majorly affect all aspects of your life, and your options for debt support seem slim, filing for bankruptcy in Guelph may be your best option. 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 Guelph.

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

Put debt behind you!

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

Bankruptcy in Guelph

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

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

As part of your duties, you are obligated to attend two counselling sessions. These sessions are directed to help you understand the leading factors that caused your bankruptcy, providing insight so that you can better handle these situations down the road.

Receiving your discharge

The trustee will prepare a report describing your actions during the bankruptcy and will recommend your “discharge” if you have performed all of your duties. Once you receive your discharge, this is the end of the process and you will be released from the debts that were included in your bankruptcy.

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stability  with  BDO  today!