BANKRUPTCY... IT'S NOT THAT BAD
In ancient Greece if you did not pay your debts you, your wife, and your children would be forced into "debt slavery" for a maximum period of 5 years until your debt was paid. Luckily in today's society we have government laws in place to prevent you from slavery.
The following information is meant to get rid of any myths about bankruptcy. At when to file bankruptcy.ca we believe that bankruptcy is a very viable solution for someone who has no ability to pay their debts, and have no assets that they can sell. The facts are:
1. You do not lose everything
When declaring bankruptcy in Victoria BC, your assets are exempt from seizure under the court order enforcement act.
2. Fresh Start
The Bankruptcy Act of Canada defines bankruptcy as a legal proceeding that is available to someone who is hopelessly burdened with debt, so that they can free themselves from debt and have a fresh financial start.
All collection calls will stop immediately. All wage garnishments will also stop. Our professionals will ensure to work with you and handle all incoming calls stopping those pesky collectors dead in their tracks.
3. You may be eligible for "discharge" from the process in 9 months
If you comply with all of your duties, pay your fees, and no creditors or the Superintendent of Bankruptcy object, you could be debt free in 9 months.
There are bankruptcy alternatives.
If you are unsure if bankruptcy is right for you please consider the other options on this site such as:
1. Filing a consumer proposal
2. Getting a debt consolidation loan
3. Informal proposal
4. Do nothing.
If you are burdened with so many bills you just cannot cope, call us, we can chat and determine if filing bankruptcy in Victoria is the right solution.
Here's how to contact us:
We are compassionate and understanding professionals who are fast, and furious about destroying your debt. We will give you the truth on bankruptcy, consumer proposals, and all Victoria BC debt management options.
Contact us today to get immediate relief from your debt problems.