What are the steps in the Bankruptcy Process?

What are the steps in the Bankruptcy Process?

Major steps in the bankruptcy process

What are the steps in the Bankruptcy Process?

Major steps in the bankruptcy process include:

1. Contact a trustee for consultation

2. File for bankruptcy if you wish to proceed

3. Attend an examination, if requested, at the office of the Official Receiver

4. Attend a meeting with creditors, if requested

5. Apply to the Court for a discharge. If the bankrupt is a first time bankrupt, then there is an automatic discharge nine months after filing, unless opposed

6. Obtain a discharge from bankruptcy and be debt free

Contact Rumanek & Company Ltd. for more information on bankruptcy and debt solutions. Or please fill out the free bankruptcy evaluation form. To learn more please visit our YouTube Channel. Rumanek & Company have been helping individuals and families overcome debt for more than 25 years.  

 

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