Understanding the Basics of Bankruptcy in Lindsay

If debt is starting to majorly affect all aspects of your life, and your options for debt support seem slim, filing for bankruptcy in Lindsay 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. This is why we offer quality, professional, confidential debt solutions and insight regarding the options of bankruptcy, consumer proposal and more. Contact us today to talk with a BDO representative about filing for bankruptcy in Lindsay.

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

Put debt behind you!

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

Bankruptcy Process: What you should expect

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

Make a complimentary appointment

The Trustee will review your financial situation and ask for information about your income, your assets and your outstanding debts. After reviewing your information the Trustee will discuss your options and confirm that filing for bankruptcy in Lindsay is the most appropriate solution.

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 recommend your discharge after the necessary duties have been completed and a report has been finalized summarizing your actions and the bankruptcy process. When you have received your discharge, the process will be closed and your debts erased (as included in your bankruptcy).

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stability  with  BDO  today!