What Questions Should I Ask About Bankruptcy in Hamilton?

When you meet with a professional from Hoyes Michalos & Associates Inc. to discuss personal bankruptcy in Hamilton, we want you to understand the process. We will not rush you into a decision; we want you to be comfortable with your choice.

The first question you should ask is “what are my options?” To answer that question we will need to understand your personal situation: How much do you owe? What is your family income each month? What does it cost you to live each month? What assets do you own? Once we understand your situation, we will be able to walk you through your options.

The next question many people ask is “what does it cost to go bankrupt?” The cost of a bankruptcy will depend on a number of factors, including your family size, income, and whether or not you have been bankrupt before. Once we understand your situation, we will be able to explain the costs of bankruptcy.

Another common question is “what do I lose if I go bankrupt?” Again, once we understand your situation, we will be able to explain whether or not you will lose anything if you go bankrupt. If you own a house, a car, or an RRSP, please bring any paperwork you have with you to our first meeting so that we can review it and advise you on whether or not you would lose that specific asset.

Everyone is different. You will probably have other questions. We encourage you to write out your questions before our meeting so that you remember to ask all your questions, so that you can then decide which option is best for you.

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