Filing bankruptcy can be a confusing and stressful process, which is why it is a good idea to work with a bankruptcy trustee. As your Trustee in Bankruptcy, we will make sure that the filing process resolves as quickly and efficiently as possible.
When you turn to us for assistance during the filing process, we will accomplish two main tasks. First, we will take your assets and put them up for sale. For example, if you own a home and do not have a mortgage on it, we will handle the selling process, and use the funds we attain to pay your creditors back. Secondly, we will take whatever money we recover from the selling process and distribute it to your creditors once the bankruptcy has been finalized.
Although working with a trustee is a requirement during the bankruptcy process, there are other roles that a bankruptcy trustee can take on that are not specifically associated with the personal insolvency process. For instance, as your bankruptcy trustee, we can also:
- Provide you with debt counselling.
- Help you create a personal proposal to your creditors, so that you can potentially avoid declaring bankruptcy.
- Complete arrangements with your creditors for you.
- Negotiate any settlement agreements that we have helped you devise.
Remember, when your debts become unmanageable, there are many different types of debt resolution solutions available to you. We can help you select the right one and if needed, act as your Trustee in Bankruptcy during the course of the insolvency process.