What Happens at my First Meeting with Bankruptcy Canada?

We appreciate that when your debt situation becomes overwhelming, it can be difficult to ask for help.

Many of our first-time clients admit that they intentionally delay making their first meeting with a licensed insolvency trustee.

They are nervous about what could happen.

At Bankruptcy Canada, our trustees are here to help you regain control of your finances.

We understand that you may be afraid of the unknown and that your first consultation with us falls into that category.

However, we want to reassure you that there is nothing to be worried about.

Therefore, if you find yourself stalling on your debt relief journey and wondering “what happens at my first meeting with Bankruptcy Canada?”, here is a brief overview of what to expect during the consultation.

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

Call 877-879-4770


We don’t judge

Licensed insolvency trustees are here to help debtors find out a way out of debt.

They understand that life happens and that sometimes it can affect your financial stability.

That’s why no trustee at bankruptcy Canada will ever judge you.

Instead, we focus our effort on creating a compassionate and friendly environment where you can tell us about your financial worries.

Trustees are not only experienced with finance management, but they are also regulated by federal law.

Therefore, you can expect your consultation to be completely objective and dedicated to solving your problems as effectively as possible for your personal goals.

Unlike debt settlement companies that charge clients for every meeting, the first consultation with a trustee is free of charge.

There is also no obligation for you to accept our recommendations.

Consider this an occasion to get to know each other and evaluate your options.

We run a debt assessment process with you

The purpose of the first meeting with Bankruptcy Canada is to understand your financial situation.

That’s why we ask our clients to be completely honest with us.

To assess your debt, we need to ask you questions about your creditors, the value of your assets, how much you earn, and how much you spend.

It can be helpful to bring a list of your creditors and assets.

However, it isn’t essential.

Our trustees know what to ask and understand how to assess your financial situation accordingly.

We use the information to define the most relevant debt relief plans for you.

They will depend on your debt, your creditors, your financial objectives, and the urgency of the situation.

Do I get debt-free at the end of the consultation?

You will not receive debt forgiveness during your first meeting with a trustee.

However, at the end of your consultation, your trustee guarantees that you have received their recommendations to help you get out of debt.

Once we understand your situation, we can present a variety of options objectively.

Typically, most of our clients will hear about any of the following debt management and debt relief options during their first meeting with Bankruptcy Canada:


  • Personal bankruptcy and how it can affect their financial situation.
  • A consumer proposal and the proposal amount to pay off your debt.
  • A credit counselling debt management program to pay off your debt in full while creditors agree to waive interest rates.
  • A debt settlement plan to negotiate with each creditor.


Don’t delay debt freedom any longer.

Call (877) 879-4770 and book your free first meeting with Bankruptcy Canada now.  

Canadian Bankruptcies

How to File for Bankruptcy
What is Bankruptcy?
Bankruptcy FAQs
How Does Bankruptcy Work?
What is the Cost of Bankruptcy in Canada?
How to Rebuild Credit Following Bankruptcy
Personal Bankruptcy in Canada
What Debts are Erased in Bankruptcy?

Find Your Personal Debt Relief Solution

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

Discuss options to get out of debt with a trained & licensed debt relief professional.