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Bankruptcy Service You Can Trust in Carleton Place

We know that unmanageable debt can happen to anyone. In fact, unexpected circumstances are the number one reason people fall into debt. It’s not easy to plan for the loss of a career or complicated health issues. As expert insolvency trustees in Carleton Place, we’re ready to help you leave debt behind and discover financial freedom through our bankruptcy services in Carleton Place.

There are a lot of alternative options available to you before you consider filing for bankruptcy. If you reach out to the Doyle Salewski Carleton Place office, you might find out that you have more choices than you thought to tackle your financial problems. We can assess your situation and provide you with the knowledge you need to make an informed choice for your circumstances.

What You Need to Know About Filing for Bankruptcy

Filing for bankruptcy in Carleton Place isn’t complicated once you have some general information. First, you need to make sure you’re able to file for bankruptcy. Some of the requirements needed to qualify include:

  • Owing at least $1,000
  • Having property in Canada
  • Owing more than the value of your assets
  • Being unable or unwilling to pay your debts

Bankruptcy is designed to help you start over financially if you’re struggling with debt. When you declare bankruptcy, you may need to meet obligations set by the government, such as counselling sessions. To get a better understanding of the process, it’s important that you meet with a Licenced Insolvency Trustee.

The Steps You’ll Take When Filing for Bankruptcy

The process of filing for bankruptcy varies depending on your situation. However, it typically includes these steps:

  • Discuss your options with your trustee
  • Work with your trustee to fill out paperwork
  • Creditors are informed of your new status
  • Attend informative counselling sessions
  • Discharged from bankruptcy

Bankruptcy is a legal process that prevents a garnishment of your wages or any legal actions against you. It also stops phone calls from creditors.

Bankruptcy addresses unsecured debts. This refers to income taxes, personal loans, overdrafts, credit cards, etc. Some unsecured debts aren’t included, such as student loans that are outstanding for less than 10 years and/or any alimony or child support.

Contact Us with Your Financial Debt Concerns

Some options available include a consumer proposal or debt consolidation. Residents in Carleton Place can also take advantage of credit counselling, debt settlement and budgeting services. If you aren’t sure of the best strategy, contact us for a free consultation.

Our Carleton Place office is located at 143 Bridge Street, across from the intersection of Bridge and Allan Street. You can reach us at 613.253.2227 or toll-free at 1.800.517.9926. We’re available through email at info@doylesalewski.ca or through our online consultation booking form. We’re ready to help put your debt problems behind you. Our bankruptcy service in Carleton Place are confidential and created for your unique situation.

Our counsellors at Doyle Salewski Carleton Place are trained professionals who put you first. It’s important you feel at ease when you come to our office and we’ll do our best make you as comfortable as possible during every meeting.