Counselling: Canada Debt .ca defines Counselling

Bankruptcy Term Counselling

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Canada Debt has the definition to the bankruptcy and debt term Counselling. Finding answers to terms such as Counselling can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Counselling in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Counselling' is used as follows:

Individuals are required to take counselling from trustees or administrators when they file for bankruptcy or make consumer proposals. If they do not take counselling they may not be discharged from bankruptcy or have their consumer proposal satisfied.