Understanding the Basics of Bankruptcy in Oakville

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 Oakville. BDO understands there are many factors that can affect you when it comes to financial debt, whether unforeseen or too difficult to manage. This is why we offer quality, professional, confidential debt solutions and insight regarding the options of bankruptcy, consumer proposal and more. Contact BDO to speak with one of our representatives about bankruptcy in Oakville.

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

Live debt free now!

Become financially free today! Contact your local BDO trustee about filing for bankruptcy in Oakville and see how we can help you.

What to expect during the bankruptcy process

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

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 Oakville is the most appropriate solution.

Creditors are notified

Your trustee will send a notice to all of your creditors, advising them that you are no longer able to make payments to them. The creditors will then have 45 days to consider the offer. During this time you do not have to make any payments to your creditors.

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

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!