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What is bankruptcy?

  • A solution to write-off your debts.
  • A legal process administered by a licensed insolvency trustee (LIT).
  • The LIT determines the value of your assets and establishes which ones can be used to repay your debts.

The bankruptcy process step-by-step

  • Meet with one of our counsellors to assess your financial situation.
  • Determine which of your assets are exempt from seizure and which ones will be sold to pay your debts.
  • List all your debts. Some might not be erased by bankruptcy.
  • Depending on your income, only one monthly payments to the Trustee until you are discharged from bankruptcy.

Advantages of a bankruptcy

  • Allows you to erase your debts and make a fresh start.
  • Ends any collection action by your creditors.
  • Protects you against all legal proceedings, including wages garnishment.
  • You make only one monthly payment.
  • Two free budget counselling sessions.
  • Opportunity to rebuild your credit.

Trust Ginsberg Gingras to help you restart

Regardless of your financial situation , rest assured that your Ginsberg Gingras trustee will help you find the best solution to overcome your debt problem. Whether you file a bankruptcy, or choose another solution, your LIT will lead you through. During an initial, free meeting, your trustee will analyze your financial situation, answer all your questions, and recommend the best solution for you. Ginsberg, Gingras will guide you along the path to financial freedom.

Your best path past debt.
We take it.

Your repayment reality.
We work with it.

Your life beyond debt.
We see it.

Need advice?

We will reply within 24 hours or on the next business day.

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