We at EMR Debt Solutions have Qualified & Registered Estate Administrators and Credit Counsellors, who have over 10 years of experience working side by side with Trustee’s in Bankruptcy.

First we will sit down with you and review your finances. If after reviewing all other options and as a last resort you can file for Bankruptcy.

PERSONAL BANKRUPTCY: (+)

Obtaining a discharge for all of your debts is always your last resort.  You should be reviewing many other options such as a formal Consumer proposal or an informal proposal in which debts are settled individually with each creditor. Even though this option is very hard on your credit it is cheapest and best option for most individuals.  (refer to BANKRUPTCY WEBSITE)

If we can’t help you through consumer proposal or settlement.

Covered in Bankruptcy and Insolvency Act (link) and Ontario Execution Act(link).

Hardest thing to face, but can always benefit you in certain situations. Get into bankruptcy because of uncontrollable circumstances.  Remember this is the last option. We will try all other options prior to having anyone file bankruptcy.

EMR WILL HELP: (+)

Help you fill out all required information to file, guide you through 2 credit counseling sessions that will provide you with tools/knowledge so you never look back and ensure you are on your path to financial freedom and growth.  We are here to help you until your final step- being discharged. No choice after you have retired all of our options.

What HAPPENS TO YOUR CREDIT: (+)

For first time bankrupt, your credit will go down to an R9 for 7 years from the date you filed. For second time bankrupt, your credit will go down to an R9 for up to 17 years from the date you filed.

PERSONAL BANKRUPTCY STEPS: (+)

1)     Initial Consultation- with one of our debt specialists.

2)     Review of file- Collection of all documents, finalization.

3)     Bankruptcy gets filed with Office of Superintendant of Bankruptcy (Link)

4)     Creditors are notified of your Bankruptcy

5)     You must attend two Credit Counseling Sessions

It is our promise to you that your future will consist of a
“Path to Financial Freedom & Growth”
when you walk through our doors.