One of the main purposes of Bankruptcy Law is to give a person, who is hopelessly burdened with debt, a fresh start by wiping out his or her debts.
The objective of this website is to provide people in Nova Scotia, thinking about declaring bankruptcy, the information they need to make an informed decision. You will then have a good understanding of what the law allows when you meet with one of our NS bankruptcy trustees.
A bankruptcy wipes out all a person's eligible debts usually within nine months. In the vast majority of cases the debtor has no assets that he or she would lose. Bankruptcy gives a person a relatively quick "fresh start".
A Consumer Proposal is for people who want to pay off a portion of their debts (Say 20 or 30 percent) over a period of usually three to five years
Visit our Bankruptcy FAQ's, which will answer most of your questions. If your questions are still not answered we have an "Ask a Bankruptcy Trustee" feature so you can ask one of our Amherst bankruptcy trustees a question.
We have all the Nova Scotiat Bankruptcy Exemptions or assets you can keep in a bankruptcy or a proposal.
When you are ready to see one of our NSt bankruptcy trustees we have a listing of Amherst bankruptcy trustees, who will provide a FREE Consultation.
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Our NS bankruptcy trustees are available to
assist you in identifying your options and forming a plan to get you
a fresh financial start. In
many cases there are options other than bankruptcy, including:
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Proposals,
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Third party settlements with creditors,
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and refinancing.
Our NS bankruptcy trustees can help you manage stressful financial situations including:
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Creditor’s threatening legal action;
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Responding to collection agencies;
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Debt repayment strategies;
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You'll find our
NS bankruptcy trustees knowledgeable, helpful and friendly. We'll start by scheduling
a meeting with you to discuss the solutions best suited to your situation. This meeting is free, and it's confidential.
It’s your first step towards taking control of your financial future!
The cost of a NS bankruptcy
is set by the Government. Our trustees have payment terms available.
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Trustees - What they are and what they do.
Nova Scotia Trustees have a number of ways to help people suffering a financial crisis. These can include credit counselling, refinancing, budgeting and making settlement offers or proposals.
Trustees are the only debt professionals in Nova Scotia who offer a full range of debt relief solutions, and the only debt professionals who can guarantee protection from your creditors.
Trustees in bankruptcy are highly trained professionals with a stringent code of ethics who will give you the best advice they can, even if it means you do not use their services. All trustees have at times:
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advised people not to go bankrupt because they were judgment proof;
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advised people on how to make an informal proposal without the services of a trustee in bankruptcy;
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advised people on how they could get compassionate relief from their debts without the services of a trustee in bankruptcy;
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referred people to other professionals where it was in the best interest of the debtor;
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advised people on how they could avoid bankruptcy and get control of their debt by better budgeting and discipline, without the services of a trustee in bankruptcy.
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