The Basics of Bankruptcy in Yorkton

If financial debt has gotten out of control in your life and it seems additional and alternative options are not providing the solutions you need, filing for bankruptcy in Yorkton may be your best option. At BDO, we recognize there are multiple factors that can lead to financial troubles, whether loss of employment or unperceived situations; we understand. We can offer you confidential and tailored solutions to filing for bankruptcy and a consumer proposal. Contact us today to talk with a BDO representative about filing for bankruptcy in Yorkton.

Call BDO today for advice and information on bankruptcy in Yorkton.

Break free from debt today

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

What you should expect in regards to the bankruptcy process.

There are several major steps involved in the process when declaring bankruptcy in Yorkton. Listed is a brief overview of the process from BDO.

Make a complimentary appointment

The Trustee will review your financial situation and ask for information about your income, your assets and your outstanding debts. After reviewing your information the Trustee will discuss your options and confirm that filing for bankruptcy in Yorkton is the most appropriate solution.

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

The trustee will prepare a report describing your actions during the bankruptcy and will recommend your “discharge” if you have performed all of your duties. Once you receive your discharge, this is the end of the process and you will be released from the debts that were included in your bankruptcy.

Get on the road to financial
stability  with  BDO  today!