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In its simplest terms, bankruptcy is a legal procedure that is intended to clear you of your debts so you can make a fresh financial start. In Canada, the Canadian Bankruptcy and Insolvency Act (BIA) is federal legislation enacted to allow “honest but unfortunate debtors” a chance to make a fresh financial start. In other words, our bankruptcy solutions for Ottawa and beyond are a process designed to help someone start over with a clean slate financially should they find themselves overwhelmed by too much debt.

WHAT YOU NEED TO KNOW ABOUT FILING FOR BANKRUPTCY

Bankruptcy protection is only available through the services of a Licensed Insolvency Trustee, such as the professionals at Doyle Salewski. In order to be able to file for bankruptcy, you must meet the following criteria:

  • You must owe at least $1,000.
  • You are not be able to make your payments as they come due.
  • You do not have sufficient assets to pay off your debt.

Generally speaking, the upside of bankruptcy is that it doesn’t affect your employment, it lets you cease making payments to unsecured creditors, it prevents your wages from being garnished, and it stops the harassment of collection calls and legal proceedings.

WHY TRUST DOYLE SALEWSKI TO HELP YOU START FRESH?

Our success rate for helping Canadian families overcome their debt struggles speaks for itself: we’ve been successful in all the cases we’ve taken on.

This comes from experience. Since 1996, from Ottawa to Kingston and into Quebec, we’ve been helping many people like yourself make a fresh financial start.

We’re compassionate, understanding, easy to work with and mindful of the communities we serve, evidenced by our commitment to charitable work (28 organizations and counting).

And we offer a free comprehensive introductory financial analysis and consultation so we can come to the table with ideas the moment you retain us. Looking to make a fresh financial start in Ontario & Quebec, Book Your Free Financial Analysis & Consultation Below.

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