Know the fundamentals of bankruptcy in Kitchener

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 Kitchener may be your best option. At BDO, we recognize there are multiple factors that can lead to financial troubles, whether loss of employment or unperceived situations; we understand. 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 Kitchener.

Call BDO today for advice and information on bankruptcy in Kitchener.

Become debt free today.

Reclaim your financial freedom! Talk to your local BDO representative about bankruptcy in Kitchener and what we can do for you.

What you should expect in regards to the bankruptcy process.

When you are about to declare bankruptcy in Kitchener, 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

Our trustees will review your financial situation and gather information on your income, assets, and outstanding debts. After reviewing all these factors, our trustees will sit with you and confirm that filing for bankruptcy in Kitchener is the best alternative.

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

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

Get on the road to financial
stability  with  BDO  today!