Know the fundamentals of bankruptcy in Orangeville

If financial debt has gotten out of control in your life and it seems additional and alternative options are not providing the solutions you need, filing for bankruptcy in Orangeville 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 a BDO representative today about filing for bankruptcy in Orangeville.

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

Put debt behind you!

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

What you should expect in regards to the bankruptcy process.

There are several major steps involved in the process when declaring bankruptcy in Orangeville. 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 Orangeville 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

When filing for bankruptcy in Orangeville, you are obligated to attend two mandatory counselling sessions. Held at the trustees office, these sessions are designed to help you better understand the situation that cause debt, and the solutions you can use in the future to manage it.

Receiving your discharge

Our trustees will prepare a report outlining your actions during the bankruptcy process and will recommend your “discharge” if you have completed and performed all your duties. When you have received your discharge, this will complete the process for filing for bankruptcy in Orangeville and the debts that were included in the bankruptcy process will be lifted.

Get on the road to financial
stability  with  BDO  today!