Know the fundamentals of bankruptcy in Sarnia

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 Sarnia. 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 your local BDO to learn more about bankruptcy in Sarnia.

Ask BDO about filing bankruptcy in Sarnia, today

Put debt behind you!

Reclaim your financial freedom! Talk to your local BDO representative about bankruptcy in Sarnia and what we can do for you.

The process of filing for bankruptcy in Sarnia

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

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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 Sarnia 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

You must attend two mandatory counselling sessions. Both of these sessions are held at the trustee’s office and are mandatory for the bankruptcy process. These counselling sessions will help you understand how to budget better and manage your finances.

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).

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stability  with  BDO  today!