What are the steps that someone goes through when they file bankruptcy?
• Choose a Trustee • Contact the Trustee by phone, or over the Internet at www.billhelps.com or meet with the Trustee personally so that you can be certain that filing bankruptcy is the best option for you and your family. • The Trustee will help you prepare a Statement of Affairs which lists all of your assets, creditors, income, expenses, and other pertinent information. The documents will be signed, sworn and filed with Industry Canada. • Copies of your Bankruptcy documents will be forwarded to all your creditors so that they can prove your indebtedness to them to the Trustee. • After you file bankruptcy, it is not worthwhile for most of your creditors to pursue you for collection of their accounts. They cannot seize assets or garnishee your income without Court approval because the stay of proceedings in the Bankruptcy and Insolvency Act protects you. • In rare cases, you may be requested to meet with the Official Receiver, an official with the Office of the Superintendent of Bankr
