During the meeting, you can talk with a friendly professional debt relief expert who can explain the best options available to you based on your personal situations and the debts that you owe in a professional but easy to understand manner.
Bankruptcy Saskatoon – How you are protected when dealing with a Trustee:
It is important that you always seek professional assistance for challenges such as dealing with debt. You can meet with one of our trustees and learn how you can get your debt under control. The CAIRP (Canadian Association of Insolvency and Restructuring Professionals) is the association that oversees all Canadian bankruptcy trustees.
They require that the trustee always acts in a highly professional manner and follow the strict code of CAIRP ethic requirements for all trustee members.
The options that are available to people struggling with debt include personal bankruptcy, consumer proposal, debt counseling, and other options that could be unique to your personal financial distress.
Life changing debt relief and financial management skills are available for you. When going bankrupt you can eliminate your debts and get a fresh start in as little as 9 months.
Under a bankruptcy, you will turn over any property that you own that is not protected by the bankruptcy exemptions, or in some cases you can “buy” the asset back from the trustee.
Most individuals going bankrupt have no assets not protected by the exemptions, so it is possible to get a simple fresh start by going bankrupt, while retaining all your assets.
A person could also make a consumer proposal to their creditors to repay a portion of their debt off over a period of say 3 years but never more than 5 years. Your trustee can explain everything to you and make sure you fully understand all of your options. The trustee will never pressure you or force you into a decision.