St John’s Bankruptcy – Licensed Insolvency Trustees
Our St John’s Bankruptcy Trustees have provided this website so that residents of St. John’s can learn about how bankruptcy and consumer proposals work.
You can then make an informed decision on the best way for you to get a fresh financial start.
Deloitte Restructuring Inc. St John’s bankruptcy trustees can schedule a confidential evaluation.
Please call us Toll Free at 1-877-336-0293.
These St John’s bankruptcy trustees understand the severe stress a financial crisis brings. Don’t be discouraged. You are not alone! In 2015 more than 122,000 people in Canada filed for bankruptcy or filed a consumer proposal. There is a solution for everyone!
St John’s Bankruptcy – How you are protected when dealing with our trustees:
All the trustees on this site are members of the Canadian Association of Insolvency and Restructuring Professionals (CAIRP) and are subject to the highest ethical and professional standards. All trustees in Canada are regulated by the Federal Government so the cost of a bankruptcy and a consumer proposal will be the same, no matter which trustee in Canada a person uses.
There are a number of immediate benefits to the person, being harassed by creditors, as soon as the documents are filed:
- A Stay of Proceedings is put into effect which, by law, prevents unsecured creditors from taking any collection action;
- Collection calls will stop;
- Interest on debt stops accruing;
- Garnishee Orders, in place or contemplated, will be stopped.
In the majority of bankruptcies, the person is out of bankruptcy or discharged in 9 months.
Our trustees have payment terms available.
The most common terms are $200 a month payable for each of 9 months.