Bankruptcy Step 7: You attend two counselling sessions.
- Introduction to bankruptcy in Canada
- Step 1 - Contact a trustee in bankruptcy
- Step 2 - Complete bankruptcy forms
- Step 3 - Trustee sells your assets
- Step 4 - Trustee notifies your creditors
- Step 5 - Creditors meetings if required...
- Step 6 - Examination by an officer of the OSB if required...
- Step 7 - You are required to attend two counselling sessions
- Step 8 - Trustee prepares your report to the OSB
- Step 9 - You attend a discharge hearing if required...
- Step 10 - You are discharged from bankruptcy
- The student loans hardship provision
Attend two counselling sessions
Step 7: You attend two counselling session to help you better understand your current financial situation and provide assistance on how to move forward in the future.
The purpose of the counselling is to help you discover and understand the causes of your bankruptcy. These sessions will also provide information to assist you in managing your financial affairs in the future.
A licensed Insolvency Professional, will,
- walk you through a monthly budgeting process
- to help you take control over your finances,
- help you create a new monthly family budget,
- outline alternatives that can work for you
