What Happens When I go Bankrupt in Brantford?

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The bankruptcy process in Brantford starts when you decide that you have more debts than you can handle, and you need help. After reviewing the information on our web site, we suggest you e-mail us or give us a call in Brantford at 519-770-4440.

When you call, one of our staff will ask you some general questions, such as who you owe money to, and what you earn each month. Then we will arrange a no-charge initial consultation with our trustee to review your situation in more detail.

The trustee responsible for the Hoyes, Michalos & Associates Brantford office is Douglas Hoyes; he will meet with you personally to review your situation.

We suggest that for that first meeting you bring with you a list of your debts (name of creditor and amounts owing), a list of any assets that you own (such as a car, house, or RRSP), and a brief monthly budget (what you and your family earn each month, and what it costs you to live). If you can’t bring complete information to the meeting, bring whatever information you have, since the more you bring, the easier it will be to work out a plan to deal with your debts.

The trustee will review your information and determine which option is best for you and your family. We will discuss debt consolidation loans, credit counselling, consumer proposals, and personal bankruptcy.

Once you understand your options, you will decide whether or not to file bankruptcy. The decision is up to you, not the trustee.

If you decide to go bankrupt, we will give you an information form to complete, asking for a complete list of your debts and other information. Once you return the information to us, we prepare the bankruptcy paperwork, you sign it, and the bankruptcy process begins.

During the bankruptcy you are required to perform certain duties, as discussed in our article What am I Required to Do While I am Bankrupt?

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