How can filing bankruptcy in Sarnia help me?

by Joel Sandwith on August 17, 2010

Over the years bankruptcy has developed a bad name – I get a lot of people in my Sarnia office who tell me that they do not want to file bankruptcy.

The thing is, bankruptcy can be exactly what you may need to get the fresh start you deserve. Bankruptcy laws exist in Canada in part to give the honest but unfortunate debtor a chance at a fresh start.

So, how can bankruptcy help you? For starters, it can stop the collection calls. If you file bankruptcy in Sarnia, you can direct your creditors to call us instead of you. A lot of folks I talk to are being called at work about their debts – this can impact your job, in a lot of ways. Filing bankruptcy can put a stop to this problem.

Filing personal bankruptcy can stop wage garnishments as well. If your wage is being garnisheed for almost any type of debt, filing bankruptcy means the garnishee will stop (please note that garnishments for unpaid child or spousal support are NOT stopped by bankruptcy.)

A personal bankruptcy filing in Sarnia can also relieve most types of debt. Credit cards, lines of credit, disconnected utilities, are all types of debt that can be released once you are discharged from your bankruptcy.

It is also important to know that bankruptcy does NOT mean you lose everything. In most cases you can keep your personal items, household goods, tools you use for work, and cars of modest value. In most cases you can keep your house too, and if that is a concern you have, you should call us right away so we can give you advice on how that works.

Most importantly, bankruptcy helps you start over. Most people who file bankruptcy have been a victim of circumstances, such as job loss, injury or illness, or break up of a relationship. If this is your situation as well, you deserve a break as much as anyone else. In fact, you may not even need to file bankruptcy – there are other options, such as filing a consumer proposal.

If you are dealing with debt, collection agents, or garnishees, give us a call, toll free at 519-344-1058, or toll free at 310-PLAN (7526) – no area code required. We can help you to learn if filing bankruptcy in Sarnia would be helpful to you, and also explain any other options that may be available to you, such as filing a consumer proposal.

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