How Do You Know Whenif You Should File For Bankruptcy

2009-12-21   minute read

The decision to file for bankruptcy is a personal choice and should be taken when you have determined that it is the best choice for you. The first step in making this decision is to meet with a Trustee in Bankruptcy, who will review your specific situation and advise you as to the various options to resolve your financial difficulties. The Trustee will sit down with you to look at the number and nature of your creditors, your income and expenses, your family situation, available assets and other relevant information. This initial meeting is free of charge. Bankruptcy is often a step that is taken after all other possibilities have been explored. A Trustee in Bankruptcy is trained to advise you on alternatives to bankruptcy, such as budgeting, debt consolidation, credit counseling and consumer proposals. We would be happy to meet with you to review your situation and discuss the ways in which you might address your debt problems, be that through bankruptcy, a consumer proposal, or other options. Best regards, Lana Gilbertson, Trustee in Bankruptcy MNP - Vancouver

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