If you're having financial difficulties and live in the Surrey area, call (604)-583-5499 today to meet with one of our experts, or complete the ask a question form to send us a message and we'll get in contact with you.
If you are living in Surrey, British Columbia and are starting to lose control of monthly payments, you may want to think about filing for bankruptcy. Bankruptcy is perfect for people who need a financial fresh start quickly. Anyone who lives or owns a business in Surrey, British Columbia qualifies, as long as they have at least $1,000 in debt.
Bankruptcy is a complicated process and we highly advise contacting us before you begin. Our bankruptcy trustees in Surrey can evaluate your financial situation and determine if bankruptcy is the right selection for you.
Below are some key things you’ll want to understand about bankruptcy before getting started:
In a bankruptcy, a good portion of your assets are surrendered to a bankruptcy trustee in exchange for the elimination of your debts.
The cost of bankruptcy depends on your monthly income, the size of your family, and your assets. The trustee fees are settled by the government.
Some of your assets can be protected from liquidation. You can get a brief list of the possible exemptions in Surrey from your bankruptcy trustee.
Your creditors will be “stayed” and will be unable to pursue legal action against you.
Most, if not all debts will be eliminated, but it will be harder for you to obtain credit in the future.
If you think bankruptcy is the best option for you, please contact us today.
