Declare Bankruptcy in Oshawa
If you are facing financial difficulties, declaring bankruptcy in Oshawa may be your best way to get your finances back on track.
However, there are alternatives to bankruptcy that a bankruptcy expert in Oshawa could help you explore, such as a consumer proposal.
If you are wondering how the bankruptcy laws in Oshawa could help you, it is important you meet with a friendly bankruptcy advisor in Oshawa to learn your options and how you can get out of debt in a manner that will fit your unique financial challenges.
You might be able to avoid bankruptcy in Oshawa, but in some cases personal bankruptcy in Oshawa could be the best way for you to get debt relief and get your fresh financial start.
In order to receive bankruptcy protection in Oshawa, you need to work with a Licensed Insolvency Trustee.
Only trustees are regulated and licensed by the federal Canadian government to provide bankruptcy services.
Claiming bankruptcy in Oshawa is a legal process, and you must be insolvent to take advantage of the personal bankruptcy laws.
To be insolvent you must owe $1,000 or more in unsecured consumer debt, and be unable to make your payments.
You can contact a bankruptcy trustee in Oshawa to schedule a confidential consultation meeting to learn how declaring bankruptcy can help you.
Usually a bankruptcy lasts for 9 months, and costs $200 monthly.
Your Trustee will receive their payment from your fees.
If you declare bankruptcy in Oshawa, you will usually be able to keep your home, car and other assets, although in some cases you might lose a few assets.
If you have significant assets that would be surrendered in bankruptcy, your Trustee will help you explore another debt relief solution, such as a consumer proposal.