Personal Bankruptcy
- Personnal Bankrutpcy is a legal procedure regulated under the Bankruptcy and Insolvency Act. Your file must be administered by a Licenced Insolvency Trustee.
- Bankruptcy allows you to obtain a protection against your creditors, a discharge of your debts and a fresh start.
- Most of your assets are exempt from seizure.
- The duration of the bankruptcy proceedings varies from 9 to 36 months depending on your income and any previous bankruptcy.
- It is the responsibility of the trustee to notify your creditors, file certain tax reports, liquidate assets that may be available for the creditors. He will also delivered a certificate of discharge at the end of the process.
- Personal Bankruptcy is a good solution to free yourself from your debts if your budget dos not allow you to reach an agreement wit your creditors.
Ready to regain your financial peace of mind?
For further information or questions, or to schedule a free and confidential consultation with a trustee, please contact us at 819 595-1800 or email us at info@lebelsydic.com.