You can only get the best advice if you provide the trustee with all relevant information about your situation.
Fill out this Bankruptcy Form prior to your meeting. Having this information available means your meeting will go very smoothly and be very productive.
Write down any questions that come to mind as you fill out the information form so that you don’t forget to ask them if the administrator or trustee do not cover them.
Key issues in choosing a bankruptcy trustee.
Remember, that at your first meeting with the administrator or trustee.
You are deciding whether this person is the right person to administer your bankruptcy or consumer proposal.
You will want to consider whether you are going to be comfortable dealing with this person and whether you trust the advice he or she is giving you.
Your key duties should be in writing.
In choosing a bankruptcy trustee you should consider if the trustee will provide you with a list of important things you have to do such as:
– The required payment you must make each month to your Licensed Insolvency Trustee;
– The Income and Expense report forms that you must complete and send to the trustee each month;
– Information on the 2 bankruptcy counselling sessions that you are required to attend;
– information on the two tax returns (post and pre bankruptcy filing) that must be completed for the year of your bankruptcy;
-The date of the creditors meeting (this is only required in the rare case your creditors request such a meeting).
If you do not, it may mean the trustee will have to oppose your discharge from bankruptcy.
If you do not get a discharge from bankruptcy, then after the trustee is discharged the stay of proceedings, which protected you from creditors, is lifted. At this point the creditors can pursue you for payment of your debts. It is just as though you were never in bankruptcy.
Checklist for Choosing a bankruptcy Trustee.
When I first phoned the trustee office were they responsive when I told them why I was calling? If I had to have someone phone me back did they get back to me quickly?