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Frequently Asked Questions


Bankruptcy is a legal process that gives individuals in financial difficulty and opportunity to have a fresh start. To qualify for bankruptcy, an individual must owe at least $1,000 and not be able to meet his or her financial obligation as they become due.

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What do I need to do during the bankruptcy?

During the nine months you are required to:

 

  • Attend two counselling sessions
  • Complete monthly income and expense statements
  • Provide information to complete the necessary tax returns
  • Keep the trustee informed of your current address
  • Where applicable, pay excess income into the estate

 




 





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