Bankruptcy in Swift Current: Knowing the process

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 Swift Current. BDO understands that financial debt can happen to anyone, whether because of unexpected expenses or unforeseen circumstances. We offer professional, confidential debt help and information regarding bankruptcy, consumer proposals and more. Contact BDO to speak with one of our representatives about bankruptcy in Swift Current.

Contact your local BDO to learn more about bankruptcy in Swift Current.

Put debt behind you!

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

What to expect during the bankruptcy process

When you are about to declare bankruptcy in Swift Current, you should keep in mind that there are several steps involved. Here is an overview of some of the steps BDO will guide you through.

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 Swift Current is the most appropriate.

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

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

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stability  with  BDO  today!