Understanding the Basics of Bankruptcy in Regina

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 Regina. At BDO, we recognize there are multiple factors that can lead to financial troubles, whether loss of employment or unperceived situations; we understand. We offer professional, confidential debt help and information regarding bankruptcy, consumer proposals and more. Contact a BDO representative today about filing for bankruptcy in Regina.

Contact your local BDO to learn more about bankruptcy in Regina.

Become debt free today.

Become financially free today! Contact your local BDO trustee about filing for bankruptcy in Regina and see how we can help you.

Bankruptcy Process: What you should expect

When declaring bankruptcy in Regina 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 Regina 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

When filing for bankruptcy in Regina, 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 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 Regina and the debts that were included in the bankruptcy process will be lifted.

Get on the road to financial
stability  with  BDO  today!