How do I file Bankruptcy in Sarnia?

by Joel Sandwith on November 8, 2011

If you are dealing with debts in Sarnia, how can you file a personal bankruptcy to get a fresh start?  It’s a simple question, but one we get asked everyday.   Bankruptcy isn’t something most people do a whole lot of research on, unless they need to, so here’s a little inside info on how the process works.

First, you’ll need to recognize if you need help.  This is simpler that it seems.  Question 1) do you have debt?  Question 2) can you pay it off quickly and easily?  If the answers are ‘yes’, then ‘no’ – you might need help.  Next step – seek out a professional.  Be careful not to pay any debt consultants fees for advice, it’s likely not worth it.  Advice for this type of decision should be free.

Now, meet with that professional (ideally a licenced Trustee in bankruptcy, or a non profit credit counsellor) and learn your options.  It is possible that you could have an alternative to bankruptcy.

If bankruptcy is the best hope for  a fresh financial start, your trustee will give you a list of items they will need to file the paperwork, and will also give you information about your ‘duties’ – the homework you have to do to make your bankruptcy successful.  Once you are clear on what needs to be done, and the trustee has all the information they need, the bankruptcy paperwork can be signed, and the file sent to the government.  The whole process may take only two meetings (sometimes one or two more) and can be surprisingly simple.

Don’t be afraid to call and ask for help.  We’re happy to meet with you, no charge.  If bankruptcy is the best option we will help you through it, but if we can help you find an alternative, we will.

Give us a call at 519-344-1058 or toll free at 1-866-747-0660, we’re happy to help.

 

 

 

 

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