The Basics of Bankruptcy in Listowel

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 Listowel. At BDO, we understand that financial troubles can happen to anyone, due to job loss, illness, unexpected expenses and many other unforeseen circumstances. This is why we offer quality, professional, confidential debt solutions and insight regarding the options of bankruptcy, consumer proposal and more. Contact your local BDO to learn more about bankruptcy in Listowel.

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

Live debt free now!

Become financially free! Talk to a BDO trustee near you for information on filing for bankruptcy in Listowel and see how we can help you become debt free.

The process of filing for bankruptcy in Listowel

There are several major steps when beginning the process for filing for bankruptcy in Listowel. Listed is an overview of the BDO bankruptcy process.

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 Listowel.

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

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).

Get on the road to financial
stability  with  BDO  today!