The answer is no. A Government-Licensed Trustee will be there to help you through the process.
A Trustee will meet with you initially to review all the options and help you make your decision as to which alternative works for you. If Bankruptcy is the right alternative we will:
a) Help you get the necessary information together to file the bankruptcy paperwork
b) Fully explain the process to you and provide information on your duties and responsibilities
c) Meet with you during two counselling sessions to discuss budgeting, cash management, restoring credit ratings etc.
d) Keep you informed during the process
We will also send notices to all creditors and, should there be a creditor who continues to pester you after the bankruptcy we will make sure they stop (Usually, this is not an issue, creditors understand how the process works).
And finally, you can always phone us if anything isn't clear. We will be there throughout the process. If you have any questions about bankruptcy and the process involved please contact us.
2025-04-25
Bankruptcy
Filing for Bankruptcy is a significant decision that can provide a fresh start for Canadians overwhelmed by debt. However, it’s essential to approach this process with caution and awareness to avoid common pitfalls and make informed decisions to protect your financial future.
2025-04-11
Bankruptcy
Considering Bankruptcy and wondering who could find out? Rest assured; your information will stay mostly confidential.
2024-09-25
Bankruptcy
If you’re going through a personal Bankruptcy, one of your main goals is to obtain your discharge — that is, to have your debts cleared so you can start fresh.
