The Leading Bankruptcy Solutions in Pembroke
In order to file for bankruptcy, it is important to discuss your options with a Licensed Insolvency Trustee to see if this should be your next step. You then work with the trustee to fill out paperwork and have all associated parties informed. After attending counseling sessions to provide more information, you are then discharged from bankruptcy.
If bankruptcy is an option you are looking into, it is important to consider that it is not for all types of financial instability. Certain forms of student loans, debt as a result of fraud, court fines, and child or spousal support payments are not viable reasons to file for bankruptcy.
Our bankruptcy solutions in Pembroke are easy to understand, with customized strategies for your unique situation.
What You Need to Know When Filing for Bankruptcy
If you need to financially start over, bankruptcy may be something you should look into. Doing so will allow anyone who is overcome with financial distress the chance to refresh their funds, and start fresh. To know if you are eligible to file for bankruptcy, you must:
- Have at least $1,000 in debt
- Be unable to make your payments
- Not have considerable assets in order to pay your debt
Your Obligations When Choosing Bankruptcy
Filing for bankruptcy allows you to stop paying unsecured proprietors while keeping your wages from being garnished. It will not change your employment status, which means you still can maintain job security. It is, however, a process that requires obligations set by the government in order to complete. Some of these requirements include:
- Attending two financial counseling sessions
- Getting rid of your credit cards
- Providing monthly income and expense statements to your Licensed Insolvency Trustee
You have other options to filing for bankruptcy, and our trusted counsellors at Doyle Salewski Pembroke are available to explore the solution that will work best for your situation. We will work closely with you to understand how to help you rid yourself from debt. Whether options like a consumer proposal, or debt consolidation will be better suited for you, we will thoroughly explain each option, and find out which one works best for your individual circumstance.
Reach Out to Us for More Information
Our Pembroke offices are located at 270 Lake Street, at the corner of Lake Street and Frank Nighbor Street. Call us at 613-635-4882, or toll free at 1-888-488-5555 to take your first step into your new debt-free life. You can also reach out to us on our online contact form. We are available at your convenience to set up a time to discuss your financial situation. Our bankruptcy solutions in Pembroke are tailor-made for your circumstance.
The professionals at Doyle Salewski are all fully experienced in providing financial management advice such as credit counseling, 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.