If you're having financial difficulties and live in the Regina area, call (306) 525-DEBT (3328) OR toll free at 1 800 961-DEBT (3328) 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.
The bankruptcy process in Regina involves several steps. Before proceeding, it is important that you recognize what bankruptcy involves, and whether you are truly in financial difficulty. You should only file for bankruptcy if you have tried every other alternative first. Below is the list of steps:
Find a licensed bankruptcy trustee in Regina. A bankruptcy trustee can review your personal situation, and help you determine the best course of action.
Complete an information form. Your bankruptcy trustee will need your personal information, a list of your creditors, and a list of your assets.
Complete the necessary paperwork. Your trustee can ensure that all paperwork is filled out properly. Once the paperwork is complete, the bankruptcy begins and your creditors will need to discuss all matters with the trustee instead of yourself. Your creditors will also receive a copy of the paperwork so they may file a claim with the trustee.
Attend credit counseling sessions. Within the first 60 days of the bankruptcy you will be required to participate in credit counseling sessions. These sessions are meant to teach you budgeting and good money management, so that you can avoid financial trouble in the future.
Attend a meeting of creditors. Sometimes it will be necessary to attend a meeting of creditors. At this meeting, your creditors will have the opportunity to ask questions regarding your bankruptcy.
If you have not filed for bankruptcy in the past, and if you have no surplus income, you are eligible for automatic discharge after nine months. Discharge will be delayed if you have filed before, if you do have surplus income, or if you have not fulfilled the necessary duties of the bankruptcy.
A notice of your bankruptcy will remain on your credit report for at least six years after the discharge date.
This is only a simple list of the bankruptcy process. Your licensed trustee can explain the process further, and can make sure you complete the bankruptcy as rapidly as possible. To find a bankruptcy trustee in Regina, click here.
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