If you are here, it indicates that you have questions about personal bankruptcy. While it is important to learn about the topic of personal bankruptcy in the analysis of solutions to debt problems, it is important to understand that there are a large number of variances and nuances of a situation with respect to personal bankruptcy. and that the information you find on the internet should ideally be explained to you by an authorized insolvency trustee.
We at bankruptcy-basics.org’ offer free consultations to answer your questions about file bankruptcy as well as alternatives to bankruptcy, including the consumer proposal.
When we ask why we want to go bankrupt, we should first establish a budget of our revenues and expenses and a list of our important assets and debts.
Subsequently, we can prepare a list of our signs of financial difficulties. Here are some examples :
The next step is to be well advised to choose the best option for YOU.
We can offer you options OTHER than bankruptcy
Bankruptcy should be one of the last resort. There are several other solutions to over-indebtedness including negotiating with creditors; debt consolidation; the consumer proposal and the voluntary deposit. The authorized insolvency trustee will evaluate with you which is the best solution for you.
To qualify for bankruptcy, there are certain criteria to be met: