Bankruptcy in Peterborough: Knowing the process

When your debt becomes insurmountable, and forms of counselling and debt solutions seem oblique, you may have no other alternative than to file for bankruptcy in Peterborough. BDO understands there are many factors that can affect you when it comes to financial debt, whether unforeseen or too difficult to manage. We can offer you confidential and tailored solutions to filing for bankruptcy and a consumer proposal. Contact BDO to speak with one of our representatives about bankruptcy in Peterborough.

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

Become debt free today.

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

What you should expect in regards to the bankruptcy process.

There are several major steps when beginning the process for filing for bankruptcy in Peterborough. 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 Peterborough.

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

When filing for bankruptcy in Peterborough, 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 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!