Bankruptcy in Mississauga: 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 Mississauga 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 your local BDO to learn more about bankruptcy in Mississauga.

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

Live debt free now!

Become debt free sooner! Contact a BDO representative today about filing for bankruptcy in Mississauga and let us help you manage your debt.

Bankruptcy in Mississauga

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

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 Mississauga is the best alternative.

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

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 When you have fulfilled the obligations of the bankruptcy process you will receive your bankruptcy discharge. This means that all of your debts are wiped out and you will be debt free and on the road to financial stability.

Get on the road to financial
stability  with  BDO  today!