Bankruptcy Service for the Brockville Community
Filing for bankruptcy is a debt solution that does not apply for every type of financial difficulty. It is a way to clear what has already been accumulated in order to financially start over. Doing this will also give you the opportunity to stop making payments, while your wages are being kept ungarnished. Our insolvency trustees are here to help you navigate this process so you can focus on starting over.
If you’re in need of debt solution, our bankruptcy services in Brockville are backed by an experienced and compassionate team.
What You Need to Know About Filing for Bankruptcy
If you file for bankruptcy, you will not lose your employment status, but you will need to be eligible for the below government mandated requirements:
- Have a minimum of $1,000 in debt
- Have no way to make your payments
- Have no considerable assets to pay your debt off with
If you meet the above criteria and continue filing for bankruptcy, you must agree to the terms set by the government. Some of these terms entail that:
- You must attend two financial counselling sessions
- Expense and monthly income statements are provided to your trustee
Bankruptcy is not a solution that is right for everybody. Filing for bankruptcy is also not possible for any type of debt. Before deciding which debt solution you need, it is important to know that you cannot file for bankruptcy if your debt is a result of any of the following:
- Student loans under 7 years of graduating
- Court Fines
- Child or spousal support payments
Why You Should Seek Professional Advice
Before making the decision to file for bankruptcy, you can arrange to meet with a Licensed Insolvency Trustee from Doyle Salewski Brockville, to discuss what your best course of action will be. If you both agree that bankruptcy will work best for you and your situation, your trustee will give you the necessary paperwork, and inform all necessary parties.
Our licensed counsellors and trustees will provide personalized and confidential services, with options made specifically for you. Each one is explained in detail, so you know exactly what you will need to do when deciding on the option that best suits your situation.
When considering filing for bankruptcy, it is helpful to know that you will have your unsecured funds, such as credit cards, personal loans, income tax, and overdrafts sorted out. Choosing to proceed filing for bankruptcy means that your credit score will be negatively impacted, and it will remain on your record for seven years. At Doyle Salewski Brockville, our trustees will work with you to figure out if bankruptcy will be your best option to reach financial stability.
Contact Our Office for More Information
Our Brockville location is 61 King Street East, near the corner of King Street East, and Bethune Street. To set up an appointment to meet with one of our insolvency trustees, email us at firstname.lastname@example.org, call us at 613-253-2227, or toll-free at 1-800-517-9926. Our bankruptcy service in Brockville, while not appropriate for every situation, is a lasting solution for overwhelming debt.
The professionals at Doyle Salewski 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.