Understanding the Basics of Bankruptcy in Windsor

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 Windsor. At BDO, we understand that financial troubles can happen to anyone, due to job loss, illness, unexpected expenses and many other unforeseen circumstances. We offer you professional debt solutions regarding bankruptcy, consumer proposals and more. Contact BDO to talk with a trained financial specialist about your options for bankruptcy in Windsor.

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

Bankruptcy in Windsor

When declaring bankruptcy in Windsor there are several steps involved in the process. Here is a brief overview of the bankruptcy process from BDO.

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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 Windsor is the most appropriate.

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

As part of your duties, you must attend two counselling sessions. These sessions, held at the trustee's office, are mandatory and are intended to help you understand the causes of your bankruptcy and help you better manage your finances in the future.

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!