If you are a resident of Ottawa, Ontario and are in financial distress, you may want to consider filing for personal bankruptcy. Ottawa bankruptcy is a great alternative for those who are having trouble making monthly payments, and who need a financial fresh start. However, there are a number of other bankruptcy alternatives that should be considered first.
Bankruptcy in Ottawa, Ontario is slightly different from bankruptcy in other areas of the country, so it is important that you consult a bankruptcy trustee in your area before going ahead. The process is extremely complex and should not be attempted alone.
In a bankruptcy, your property - except for the assets listed as bankruptcy exemptions - is given over to your trustee in exchange for the elimination of your debts. Be advised that the bankruptcy will eliminate most if not all debts, but it will also significantly hinder your ability to obtain credit in the future.
Trustee fees are determined by the government, but the actual cost of bankruptcy in Ottawa will depend on your income, the size of your family, and your assets.
Our bankruptcy trustees offer an initial consultation free of charge, which you can use to discuss your options and determine the best solution for your individual needs. The consultations take place in environments that resemble rooms in your own home, so that you will feel more comfortable throughout the meeting.
If you are considering filing for bankruptcy in Ottawa, Ontario, please contact us today and arrange for a meeting with one of our Ottawa bankruptcy trustees; or, if you prefer, you can ask your bankruptcy questions online and quickly get them answered by our experienced professionals. |
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