If you are living in Kelowna, British Columbia and are struggling to make monthly payments, you may want to look into filing for bankruptcy. Bankruptcy is perfect for those who want a financial fresh start as quickly as possible. Anyone who lives or owns a business in Kelowna qualifies for bankruptcy, as long as they have a minimum of $1,000 in debt.
Bankruptcy is a complex process so we highly suggest contacting one of our licensed bankruptcy trustees in Kelowna before proceeding. We will examine your financial situation with you and help you decide on the best possible solution.
Below are some things you’ll want to understand about bankruptcy before getting started:
Most of your assets must be given over to a bankruptcy trustee in exchange for the elimination of your debts.
Your monthly income, the size of your family, and your assets will determine the cost of bankruptcy. It is up to the government to settle trustee fees.
Some property can be saved from liquidation. A short list of some of the exemptions in Kelowna can be found on our “exemptions” page.
Your creditors will be “stayed” and will not be permitted to pursue legal action.
Most, and possibly all debts will be eliminated, but it will be much harder for you to obtain credit in the future.
If you think bankruptcy is the correct choice for you, please contact us today.
If you're having financial difficulties and live in the Kelowna area, call (250)-712-5353 today to meet with one of our experts, or complete the ask a question form to send us a message and we'll get in contact with you.
www.bankruptcy-kelowna.com is a free resource for residents of Kelowna British Columbia Canada
