Is There Life After Bankruptcy Discharge?

Life After Bankruptcy Discharge

Yes, there is definitely life after your bankruptcy discharge; a better one than what the person experiences just before he files bankruptcy.

Every person with a debt problem hates the idea of bankruptcy.

They avoid bankruptcy as long as possible.

They are harassed by bill collectors.

They are under severe stress.

You can receive your Bankruptcy Discharge in as little as 9 months which will stop the creditor calls, collection calls, wage garnishments and the stress you are facing.

Need Help Reviewing Your Financial Situation?
Contact a Licensed Trustee for a Free Debt Relief Evaluation

Call 877-879-4770


Often the money problems cause strive at home to the detriment of all and especially the children.

In extreme cases, bill collectors phone the person at work and threaten a wage garnishee.

This stress eventually drives the person to see a Licensed Insolvency Trustee.

They tell me they are sleeping better and are no longer dreading answering the phone.

They say they are doing better at work because they know no bill collectors will call and the threat of a garnishee is gone.

Why is this so?

Bankruptcy has a very powerful protection for the bankrupt which is the Stay of Proceedings.

The Stay of Proceedings goes into force as soon as the bankruptcy is filed.

The Stay of Proceedings prevents unsecured creditor from taking steps to collect on their debts.

Bill collectors will stop phoning.

Interest stops accruing.

Garnishees in place or contemplated will be stopped.

If a creditor has threatened to garnishee wages the trustee will phone him as soon as the bankruptcy is filed and explain that the Stay of Proceeding is in place and he cannot file a garnishee.

If a wage garnishee is in place the trustee will phone the payroll department explain that you have filed bankruptcy and since a Stray of Proceedings is in place will inform the payroll department that no further moneys are to taken from your pay.

A Licensed Insolvency Trustee is the most highly trained and well educated debt professional in Canada and the only debt professional in Canada who can prevent all unsecured creditors, including Canadian Revenue Agency (CRA) from trying to collect their debt.

Licensed Insolvency Trustees are regulated by the government so the cost will be the same no matter which Trustee in Canada is used.

After you receive your discharge you will have your chance for a fresh start.

Although a record of your bankruptcy will remain on your credit reports for 6-7 years after your discharge, you have the ability to begin rebuilding your credit history once you have been discharged, and even beforehand.

Secured credit cards can help you begin improving your credit rating and credit score if you use the card regularily and responsibly.

By making regular monthly payments on your secured card, a report will be sent to the credit bureau about your credit usage and repayment.

Credit bureaus will enjoy seeing that you can use credit responsibly, and you will eventually qualify for a normal credit card with a good interest rate.

After a short while you will be able to qualify for unsecured debts at low interest rates, and secured debt such as a car loan or mortgage as well!

Need Help Reviewing Your Financial Situation?
Contact a Licensed Trustee for a Free Debt Relief Evaluation

Call 877-879-4770



Get Your Free Consultation With a Licensed Debt Relief Expert Now!

Find out how you can quickly get out of debt by setting up a free consultation with us today.

Get out of Debt and have family bliss and happiness

Find Your Personal Debt Relief Solution

Licensed Insolvency Trustees are here to help. Get a free assessment of your options.

Legally Cut Your Debt By 80% And Stop Interest Charges

Stop Interest Charges Immediately
Unfreeze Bank Accounts
Stop Wage Garnishment
Stop Legal Actions

I was feeling overwhelmed by my credit debt, constantly receiving calls and letters from debt collectors, which caused a great deal of stress. It seemed like there was no way out of this situation. However, I discovered Bankruptcy Canada while listening to my local talk radio station. This organization proved to be friendly, empathetic, knowledgeable, and professional, with extensive experience in their field.

During our initial meeting, they took the time to understand my debt and financial circumstances. They explained the various options available to me and helped create a personalized plan that would be most beneficial for my situation. With their assistance, I was able to avoid declaring bankruptcy by presenting a consumer proposal to my creditors. Fortunately, my proposal was accepted, and I am extremely relieved to finally be free of debt, all thanks to BankruptcyCanada. The burden on my shoulders feels significantly lighter now, and I truly believe that Bankruptcy Canada has the most skilled specialists in debt relief.