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At Smythe Insolvency our main goal is to provide you with all the resources and support you need to achieve a debt-free future. Below we have provided a number of resources, questionnaires and forms that may be useful to you.
This document provides the trustee with the information needed to prepare the legal documents for either a bankruptcy or consumer proposal, and will avoid delays in processing. Take notice of the last page which is a checklist of all the documentation the trustee needs. Please complete the questionnaire to the best of your ability and bring it with you to your initial consultation.
We encourage you to read up on our services before coming in for your initial consultation so that you are prepared for what information you are about to receive. The above booklet outlines the ins and outs of bankruptcies and consumer proposals so you know what to expect every step of the way.
You are required to attend two counselling sessions throughout the course of your bankruptcy or consumer proposal. These counselling sessions are intended to assist and educate on good financial management, developing successful strategies for achieving financial goals and overcoming financial set-backs.
We all know how crucial credit is for our financial future, therefore it is important you know just what your credit score is so there are no surprises. Become an expert of your own credit situation using the credit report request forms below for both Equifax and TransUnion:
These helpful forms can be used to calculate your monthly income and expenses for budgeting purposes, or to report your income and expenses to the Trustee as part of your personal bankruptcy process:
Income and expense reports are required to be filed for the duration of your bankruptcy. If you have filed a consumer proposal, feel free to utilize this form to track your expenses for budgeting purposes.
Self-employed individuals who are bankrupt are required to use these forms in addition to the above form to report their gross business revenues and business expenses to arrive at their net self-employed income. This form can also be used to prepare year-to-date gross revenue and expense information for your trustee to prepare the pre-bankruptcy income tax return.If you are not currently in bankruptcy, this form can be utilized to keep yourself organized when it comes to your business income and expenses.
Congratulations, you’re now debt free!
Your discharge from bankruptcy or full performance of a consumer proposal relieves you from all debts owing at the date that you filed your insolvency, except for payment arrangements already made with your secured creditors, as well as those debts that survive the bankruptcy or proposal process pursuant to Section 178 of the Bankruptcy and Insolvency Act.
For information about student loans, credit reports or ICBC debts, check out our Life After Insolvency information guide.
The Business Practices and Consumer Protection Act (BPCPA) allows you to notify a collection agency to let them know that you wish to communicate with them in writing only. Keep in mind that this only stops the calls, it does not stop any other enforcement rights the collection agency may have to collect the debt and it will not stop a collection agency from commencing legal action should it get to that point. Use the form above if you wish to be communicated to in writing only.