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Bankruptcy in Dartmouth

 
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Are you in a rut?

It is not unusual for residents of Dartmouth, Nova Scotia to find themselves in financial distress. Most people will fall into a rut financially at one time or another, so there is no need to be embarrassed. If you are a resident of Dartmouth and have begun thinking about bankruptcy, here are some things to keep in mind before making your decision:

  • Most people file for bankruptcy when they begin to fall progressively behind on monthly payments.
  • Most of your assets will need to be given over to a trustee in exchange for the elimination of your debts. Some items can be saved from liquidation, but the list of items differs in each province. Contact a licensed bankruptcy trustee in Dartmouth for a list of items in your area.
  • Most, if not all of your debts will be eliminated, but it will be much more difficult for you to acquire credit in the future.
  • You are eligible for bankruptcy if you owe more than $1,000.
  • Fees are calculated according to your family size, your assets, and your monthly income. Trustee fees are determined by the government.

Should I file for bankruptcy on my own?

The bankruptcy process is quite involved and has the potential to confuse people. Please give us a call today to arrange a preliminary consultation free of charge. We will review the process with you, and ensure that you are making the correct choices for you.

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