The Most Trusted Bankruptcy Service in Arnprior
There is no one solution for regaining your financial independence. That is why when you visit Doyle Salewski Arnprior, you are given possible solutions based on your specific situation. Our Licensed Insolvency Trustees will ensure that the options we offer to you will fit your budget, and allow you to reach your financial goals in the timeline that works for you.
If you find yourself being unable to pay back any of what is owed, a trustee might suggest that you file for bankruptcy. There are few situations in which bankruptcy will be offered, but depending on each individual circumstance, it may be the best option. Speaking with our office is the best way to learn more about our bankruptcy services in Arnprior.
How to Qualify for Bankruptcy
In order to qualify for bankruptcy, the Canadian government outlines that you must:
- Owe a minimum of $1,000
- Have no other available options in order to make payments
- Not have any considerable assets at your disposal to be used as a payment method
Only if each of the above points apply to you, can you then begin to work with your Licensed Insolvency Trustee to file for bankruptcy. They will provide you with the specific details as they pertain to your case, so you have a full understanding before committing to the process.
What You Need to Know About Bankruptcy
Even if you meet the basic requirements listed above, you still might not be able to file for bankruptcy. Another important factor that dictates whether or not you qualify for bankruptcy is the source of your financial trouble. If you graduated within the past 7 years and have student loans to pay off, you will not be able to file for bankruptcy.
You will also not be entitled for bankruptcy if you have fines from court, fraud, or child and spousal support payments to make. Anyone who has financial distress as a direct cause of these can still make an appointment to speak with a Licensed Insolvency Trustee from Doyle Salewski Arnprior, in order to discuss other options.
Your Responsibilities After Bankruptcy
If you do meet all of the requirements set out in the process of filing for bankruptcy, you will have to agree and commit to attending two financial counselling sessions. You will also have to provide monthly income and expense statements to your trustee.
When you make an appointment at Doyle Salewski Arnprior, we will give you all of the knowledge you need so you can make an informed decision in becoming financially independent. Our trustees will be there from the beginning to end of your process, to ensure you have all the help you need every step of the way.
Our Arnprior office is located at 106 McGonigal Street West, right in the Towne Centre building on the corner of High Street North and McGonigal Street West. You can also call us toll free at 1-800-517-9926, email us at email@example.com, or click here to book a consultation online with our office to learn more about our bankruptcy services in Arnprior.
At Doyle Salewski, our Licensed Insolvency Trustees are all fully experienced in providing financial management advice such as credit counselling, bankruptcy, consumer proposals, budgeting, debt settlement, and debt consolidation. Our directors are qualified CAIRP estate administrators and counsellors. CAIRP accreditation is available exclusively to estate administrators working within member firms.