Whether bankruptcy is an option for you can only be fully determined in a meeting with a licensed trustee in bankruptcy.
It depends upon your income level, your total debt load, and what assets you own. Call and find out if I can be of assistance.
Remember though, everyone in financial difficulty does not necessarily need bankruptcy.A trustee in bankruptcy is an individual licensed by the Government of Canada to file bankruptcy or proposals (settlements offers) to creditors on behalf of individuals, companies or partnerships.
The filing of a bankruptcy or a proposal will stop your creditors from commencing or continuing legal action against you and will stop any wage garnishees.
How much does it cost to go bankrupt? That is a simple question but does not have a simple answer. The federal government sets standards for the income of people who are in bankruptcy. If your income exceeds the standard, then you pay a portion of your income to the trustee.
I will review your income against these standards and tell you how much you will have to pay.more...See more text
The staffs of Charles advisory service are awesome, they have helped my father in the past for managing his debt accumulated from a business. After all these years they havent changed a bit, I could feel the same standards with the customer dealings and follow up procedures. Yeah, recently they have helped me in guiding through the debt consolidation process. My overall experience was great!
Thumbs up to the entire team of Charles advisory for the fast and simplistic procedures.