Nanaimo Bankruptcy, Consumer Proposal and Other Debt Solutions / Personal Bankruptcy Nanaimo
Are you struggling with a debt load that is not going down each month? Are you considering filing for personal Bankruptcy? Declaring personal Bankruptcy is a common and practical solution to debt issues. In general, all your debt relief options, such as a Consumer Proposal, should be explored before you make a decision. But sometimes declaring Bankruptcy can be the best way to eliminate your debt and gain a fresh start with your finances. If you’re considering filing for Bankruptcy in Nanaimo and eliminating your debt anxiety, keep reading to find out how.
The Bankruptcy process starts with a meeting with a Licensed Insolvency Trustee (LIT). This can be done either in person or via video. During the meeting we will help you understand your debt situation and help you decide if declaring Bankruptcy is the best choice for you.
We will take the time to explain all of your options and make sure you are given a full explanation of the Bankruptcy process before you make your decision. If Bankruptcy is the right choice for you, only a Licensed Insolvency Trustee and their qualified staff can file your Bankruptcy. LIT’s are regulated and licensed by the Federal Government for the protection of the public.
To file for Bankruptcy in Canada, you have to meet 3 general qualifications:
Just because you meet these criteria doesn’t mean Bankruptcy is always your best option. You should always meet with a Licensed Insolvency Trustee to explore all of your debt relief alternatives. Here are a couple of things to consider when you are making your decision about declaring Bankruptcy:
Declaring Bankruptcy is not an easy step to take, but we are here to help. If you live in Nanaimo, or the mid island, and have difficulties managing debt, contact our office for a free, confidential and judgement-free consultation. Make this year the time to be debt free.