Know the fundamentals of bankruptcy in Moose Jaw

If debt is starting to majorly affect all aspects of your life, and your options for debt support seem slim, filing for bankruptcy in Moose Jaw may be your best option. 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 a BDO representative today about filing for bankruptcy in Moose Jaw.

Contact your local BDO to learn more about bankruptcy in Moose Jaw.

Become debt free today.

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

The process of filing for bankruptcy in Moose Jaw

When declaring bankruptcy in Moose Jaw there are several steps involved in the process. Here is a brief overview of the bankruptcy 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 Moose Jaw 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

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 When you have fulfilled the obligations of the bankruptcy process you will receive your bankruptcy discharge. This means that all of your debts are wiped out and you will be debt free and on the road to financial stability.

Get on the road to financial
stability  with  BDO  today!