The Basics of Bankruptcy in Markham

If debt is starting to majorly affect all aspects of your life, and your options for debt support seem slim, filing for bankruptcy in Markham may be your best option. At BDO, we understand that financial troubles can happen to anyone, due to job loss, illness, unexpected expenses and many other unforeseen circumstances. We can offer you confidential and tailored solutions to filing for bankruptcy and a consumer proposal. Contact BDO to talk with a trained financial specialist about your options for bankruptcy in Markham.

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

Live debt free now!

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

What you should expect in regards to the bankruptcy process.

There are several major steps involved in the process when declaring bankruptcy in Markham. Listed is a brief overview of the 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 Markham 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

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

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.

Get on the road to financial
stability  with  BDO  today!