In today’s world of high mortgages, credit card debt and job insecurity, debt is at an all-time high. If you are weighed down by a mountain of debt, scared to answer the phone because creditors keep calling, or see no way out of your situation, it may be time to seek help. A bankruptcy trustee in New Brunswick or other areas can help give you the fresh start you need.
Bankruptcy is not to be taken lightly, and should only be used as a last resort. In fact, there may be other options available to you, such as a consumer proposal. The process is complicated and if not done properly, won’t help you at all. While every situation is unique, there is standard paperwork and processes that must be followed. Bankruptcy trustees understand the law and they know exactly what you will need in order to get your fresh start.
Most professionals offer a no-fee initial consultation to assess your particular situation. It’s important to bring as much paperwork as you can to this meeting (pay stubs, T4’s, bills, tax forms, credit card statements, etc.) so they can get a clear picture of your situation. They can then make a recommendation on whether bankruptcy or a consumer proposal would be a better option. To help you decide, they will go over the pros and cons of each method, and can advise you on the steps involved. There is a cost involved so they will go over that information as well. Once you’ve decided which route to take, they will handle all of the paperwork, act as a liaison to your creditors and make sure that you’ve filled out all of the necessary forms correctly.
A bankruptcy trustee in New Brunswick can also offer credit and financial counseling. The last thing you want is to get into the same debt that you had before.