Step #1: Consultation with a Trustee.

The 7 Steps Required in a Bankruptcy.

Call a trustee and set up a FREE confidential consultation.  Fill out and take 

the Application  Form from our website to your meeting, so the trustee has all 

the necessary information to give you the most accurate advice on bankruptcy, 

proposals and other options you may have.   

This meeting takes about an hour.

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Step #2: Sign the Documents.

The 7 Steps Required in a Bankruptcy.

Take the time to think over and digest the information you received at the 

trustee’s office.  If you decide to go ahead, phone the trustee’s office and set 

up a time to go back to the office to sign the documents. 

This meeting should take about 30  - 45 minutes.

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Step #3: Your Trustee Notifies Creditors.

The 7 Steps Required in a Bankruptcy.

Your trustee will mail out the bankruptcy documents to your creditors within 5 

business days of your signing the documents.

Creditors cannot take any action against you once you file.  

If any collectors or creditors phone you for money tell them you filed 

bankruptcy and refer them to your trustee.

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Step #4: Budgets & Payments to your Trustee.

The 7 Steps Required in a Bankruptcy.

Each month you will send in your Statement of Income & Expenses, pay stubs 

and the required monthly payment to your trustee.  The trustee will have 

provided you with the necessary forms.

You must do this as part of your duties so that your trustee can 

recommend your discharge.

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Step #5: Two Financial Counselling Sessions.

The 7 Steps Required in a Bankruptcy.

The two financial counselling sessions are held at the trustee’s office. 

The first counselling session is held within the 1st two months;  the second one 

is held at the 7th month.  

You must take the two financial counselling sessions in order to be 

eligible for your discharge from bankruptcy. 

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Step #6: Your Trustee Recommends your Discharge.

The 7 Steps Required in a Bankruptcy.

At the eighth month, following your signing the bankruptcy documents, your 

trustee must report on how you conducted yourself before and during the 

bankruptcy.  If you have conducted yourself properly and performed all your 

duties your trustee will recommend an absolute discharge to take place.

The majority of bankrupts are discharged in nine months.

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Step #7: You are  Discharged.

The 7 Steps Required in a Bankruptcy.

Your trustee will send you your Certificate of Discharge which will certify that all 

your eligible debts have been erased.  The credit bureau will be notified and in 

6 years the record of the bankruptcy will be removed from your credit report.

If any former creditor tries to collect from you or says you still owe them money 

showing them a copy of this document will prove that  you do not owe them 

any money.

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Summary

The 7 Steps Required in a Bankruptcy.

Step # 1:  Free consultation with a trustee;

Step # 2:  Sign the bankruptcy documents;

Step # 3: Your trustee notifies your creditors;

Step # 4:  Send budgets, pay stubs & payments to your trustee each 

month;

Step # 5:  Attend the two financial counselling sessions;

Step # 6: Your trustee recommends your discharge;

Step # 7:  You are discharged and all eligible debts are erased.

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