What is Involved in Filing Bankruptcy in Medicine Hat

 Video transcription

Hello, my name is David Smith of Personal Bankruptcy Canada. 

I'm here to talk about Medicine Hat bankruptcy.  Filing bankruptcy in Medicine Hat is just the same as across the rest of Alberta. The process will provide you with the maximum protection from your creditors, but it does have implications for your credit rating and is only one of the many options you have available to you. 

A licensed trustee can help you choose which would be the best for you.  In the bankruptcy process you still have to settle a portion of your debt, but collection agencies have stopped calling you at your home or work, and it gives you a chance to get your financial affairs back in order.  One of the things you need to know is that filing for personal bankruptcy in Medicine Hat does not have to be a painful or embarrassing process.  You will be treated with dignity and respect and go on with your everyday life.  You have probably worked hard all your life and tried to do the right thing at every turn and yet you find yourself facing debts you simply cannot pay. It is for people like you that the personal bankruptcy process was created.  It enables you to make a clean start.  Everything you do will have consequences, including doing nothing. Your creditors will not simply get bored an go away.  They will keep pursuing the amounts owed until there is a resolution to the situation.  Speaking to a professional trustee costs you nothing, and you have no obligation to do anything further.  It might just be the best thing you have done about your debt problems for a long time. 

Visit PersonalBankruptcyMedicineHat.ca or if you are already there, pick up the phone and call us to chat about your circumstances.  We're here to help.

 

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David Smith

About David Smith

David was initially drawn to accountancy because he was 'good with numbers'.
He has been an insolvency professional since 1993.   Soon after he began to work with debt issues he discovered that the most satisfying part of his role was the ability to make a positive difference in other people's lives.   It is the person, not the numbers that continues to guide his approach toward helping others deal with debt issues.

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