Bankruptcy in Richmond Hill: Knowing the process

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 Richmond Hill. 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 a BDO representative today about filing for bankruptcy in Richmond Hill.

Call BDO today for advice and information on bankruptcy in Richmond Hill.

Become debt free today.

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

Bankruptcy in Richmond Hill

When declaring bankruptcy in Richmond Hill there are several steps involved in the process. Here is a brief overview of the bankruptcy 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 Richmond Hill is the best alternative.

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 Richmond Hill, 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!