The Leading Bankruptcy Service in Renfrew
When it comes to becoming financially independent, there is not just one option that will work for everybody. With individual financial troubles varying from person to person, the best way to know the option that will be right for you is to speak to a Licenced Insolvency Trustee from Doyle Salewski Renfrew.
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.
Our bankruptcy service in Renfrew is here for qualified people who need help with their financial burdens. Continue reading for more information about bankruptcy:
What You Need to Know About Filing for Bankruptcy
Not everybody who has troubles making payments to third parties can file for bankruptcy. The cause of your financial distress is also a key factor to whether or not you can decide on bankruptcy as your solution. If you have to funds to pay back for any of the below, you will not be able to file for bankruptcy:
- Court fines
- Payments for child or spousal support
- Student loans within 7 years of graduation
All of these causes of monetary problems will not be able to be corrected with bankruptcy. If you are currently facing a financial situation as a result of any of the above, make an appointment to speak with one of our Licensed Insolvency Trustees to see what your other options are.
Requirements for Bankruptcy
There are regulations set by the government of Canada in order to be eligible for bankruptcy:
- The owed amount must be a minimum of $1,000
- There are no alternate options for payments to be made
- There are no considerable assets available to be used as payment
Only if the above conditions are met can the trustees at Doyle Salewski Renfrew begin the process. It is important to note that your employment status will not be affected should you file for bankruptcy, as long as the above applies to you.
The Responsibilities of Bankruptcy
One option that we can discuss with you is filing for bankruptcy. This is not the best thing for all types of monetary situations, but is something worth considering if you are looking for a way to clear your current balance and start over with your finances.
If you decide to file for bankruptcy, you must agree, and commit, to attending two financial counselling sessions, as well as providing expense and monthly income statements to your trustee. Meeting with a Licenced Insolvency Trustee beforehand will give you a clear outline of all possible options you have for your situation, and give you a better understanding of what bankruptcy entails.
Contact Us for More Information
By making an appointment in our Renfrew office, you are getting individual solutions, made specifically for your situation. Our trustees take the time to understand what it is you are currently facing in order to know exactly how they can help. We want to do whatever it takes to help you become financially independent, and we will be there for you every step of the way.
To learn about our bankruptcy service in Renfrew, contact us using the information below:
Visit us in our Renfrew location at 45 Renfrew Ave. East, just at the corner of Renfrew Avenue East, and Plaunt Street South. 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.