Filing Bankruptcy

Filing bankruptcy can provide immediate relief from the burden of unmanageable debt.
If you are unable to meet your regular payments, if what you owe far more than what you own, if several of your debts are already in arrears, or if your wages are being garnisheed— filing bankruptcy may be the solution for you.

While filing bankruptcy can be a very emotional time, the professionals at BDO can help ease your fears and concerns, relieve your financial stress and help you on the road to financial stability.

Benefits of Filing Bankruptcy

• Stops legal action of creditors
• Protects certain assets
• Releases you from most, if not all debts
• Freezes interest at the date you file
• Stops wage garnishments
• Provides a fresh start

Free Consultation

Together we will review your budget, including your income and expenses, assets and liabilities, and explain the process of filing bankruptcy as well as other options such as a consumer proposal.

Am I eligible for filing bankruptcy?

To qualify for filing bankruptcy or “filing an assignment” you must owe at least $1,000 and be unable to meet regular payments as they become due, or have debts greater than the value of your assets.

More about Filing Bankruptcy

• Learn more about Filing Bankruptcy, read Understanding Your Options
• Read the Frequently Asked Questions on filing bankruptcy

Filing bankruptcy is just one of the debt help solutions offered by BDO. Speak to us about other debt management options including financial counselling or a consumer proposal.

For complete information and to answer your questions thoroughly, we encourage you to contact your local BDO office or request a call.