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Personal bankruptcy is an ideal option for residents of Halifax, Nova Scotia, who have found themselves in financial distress.
In a bankruptcy, the individual in debt will surrender their property over to a bankruptcy trustee in exchange for the elimination of their debts. Some property can be exempt, but the list of items differs from province to province.
If an individual chooses to file for bankruptcy, they may have a difficult time obtaining credit in the future, but most of their debts will be completely eliminated.
The cost of bankruptcy will depend on family size, assets and monthly income, but trustee fees will need to be discussed with the trustee themselves.
Filing for bankruptcy alone can become complicated, so it is not highly recommended. We suggest contacting us immediately so we can set up an initial consultation. We will review your situation, and help you decide on the course of action that is best for you.
For more information on bankruptcy in Halifax, click here.
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This site is sponsored by PwCDebtSolutions
If you're having financial difficulties and live in the Halifax area, call (902) 491-7400
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.
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