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.

This is your opportunity to ask the trustee any questions you 

have.

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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 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: The 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 the 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. Your 

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 at the eighth month.

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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 your 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 an "automatic nine month discharge". 

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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 at 

the ninth month.

The vast 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 a court document called a “discharge of 

bankruptcy” 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.

You should keep this important document in a safe place.

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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