Declaring bankruptcy isn’t easy. But you are not alone. Your Raymond Chabot counsellor is there to guide and support you one step at a time.
The Licensed Insolvency Trustee first listens to your story to get a better grasp of your situation and then presents the different options available to you. Then there are forms to fill out and sign.
The Licensed Insolvency Trustee files the necessary paperwork to start bankruptcy proceedings. From this point on, he or she will take care of everything for you.
Days 1 to 5
The Licensed Insolvency Trustee advises your creditors in writing.
Between days 10 and 60
Your counsellor reports back to you and counsels you on how to avoid critical situations in the future.
Between days 40 and 210
Your counsellor looks over the causes of your financial problems with you and proposes available resources to help you get your situation under control.
Discharge of all debts
Once all the agreed-upon payments have been made, the Licensed Insolvency Trustee produces a certificate and frees you from all debts.