If your financial situation is such that you are thinking about bankruptcy London has many companies that can advise you, although one of the most respected is H-M Associates. H-M will advise you whether bankruptcy is the right path for you to take, and will guide you through the process, which can often be confusing and time consuming.
Anybody can declare bankruptcy and it has the big advantage of being a fresh financial start, and it also eliminates much of your debts. However, there may be other options to bankruptcy such as a legal agreement known as an IVA (Individual voluntary agreement) or participating in a debt management plan. Declaring bankruptcy is a huge step and one which can negatively impact your credit rating, making it important to consider any alternatives.
If you’re interested in finding their London, Ontario location, the following is a local map:
The exact address is:
Hoyes, Michalos & Associates Inc.
339 Wellington Rd. S. Unit 130 London, Ontario
You should expect the bankruptcy process to take anything up to several months, depending on the number of cases your local bankruptcy court is currently handling. You may lose your house and some or all of your pension if you declare bankruptcy, although the rules on this can be somewhat confusing, making expert advice a must. Your bankruptcy will be recorded on the Insolvency register, and will be a matter of public knowledge.