Understanding the Basics of Bankruptcy in Stratford

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 Stratford. 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 talk with a trained financial specialist about your options for bankruptcy in Stratford.

Ask BDO about filing bankruptcy in Stratford, today

Break free from debt today

Become financially free! Talk to a BDO trustee near you for information on filing for bankruptcy in Stratford and see how we can help you become debt free.

What to expect during the bankruptcy process

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

Make a complimentary appointment

Your trustee will review and look over your financial situation and will require information on your income, outstanding debts and assets. After reviewing all your necessary information, we will discuss your alternative options and decide if filing for bankruptcy in Stratford is the most appropriate.

Creditors are notified

Our trustee will notify your current creditors. A meeting of creditors may be called, depending on the size of your financial claim or bankruptcy claim. The main purpose of the meeting is to inform both you and your creditors about the details of the file and provide direction to the trustee if needed.

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 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 Stratford and the debts that were included in the bankruptcy process will be lifted.

Get on the road to financial
stability  with  BDO  today!