Licensed Insolvency Trustees
Licensed Insolvency Trustees
Personal bankruptcy
At Mallette Redressement financier, we understand the financial difficulties you may be facing and we are here to help you find solutions tailored to your situation.
Making a fresh financial start
Personal bankruptcy can be a difficult decision to make, but it can also be a way to get out of debt and start afresh financially. By filing an assignment with a licensed insolvency trustee, you voluntarily give up your seizable assets so that they can be distributed fairly among your creditors. This process makes it possible to settle most, if not all, of your debts, while allowing you to keep certain important assets.
However, it is important to note that bankruptcy is not an easy solution without consequences. The Bankruptcy and Insolvency Act provides for penalties for bankrupts who abuse the system. It is therefore essential to call on the services of a duly qualified licensed insolvency trustee to ensure that you follow all the appropriate steps.
At Mallette Redressement financier, we believe that bankruptcy is not always the best option. If your income is sufficient to repay your debts within a reasonable period of time and at a reasonable cost, we can suggest other options.
What we offer
We are committed to providing you with a highly-personalised service throughout the process. Our experienced team will be with you every step of the way, offering clear advice and information. We'll make sure you fully understand your options and make informed decisions.
Frequently asked questions
What are the advantages of personal bankruptcy?
Personal bankruptcy allows you to settle a large part, or even all, of your debts, while allowing you to keep certain important assets.
How long will the bankruptcy appear in my file?
Bankruptcy generally remains visible in credit files for about seven years from the date of your discharge from bankruptcy.
How much does it cost to declare personal bankruptcy?
The associated fees vary according to the complexity of your case and a number of factors such as your income, assets, the number of people in your family unit, etc. During your initial consultation with our team, we can provide you with an estimate of the costs associated with your specific case.
Meet with an advisor to sort out your debt problems
Are you concerned about your financial situation? Our advisors have several solutions to help you regain peace of mind.
Our qualified team will listen to you and answer all your questions. Call us today!