If you’re considering setting up a meeting to talk about your debts, you probably have an abundance of questions. One thing we are often asked is “What do I need to bring to a meeting?” To make the process run as smoothly as possible, here is a list of items you should compile before meeting with us.
Who and what you owe
Generally, a short list of what you owe and who you owe it to will work. If you feel there are creditors you’re unaware of we can provide you with forms so you can request a free copy of your credit report.
What assets you have
We’re not interested in an in-depth list of your assets, just a brief list will do. It is just so we have an idea of where things are at. Grab your most recent RRSP statement and life insurance policy, and review how much you owe on your vehicle and home. This will help make the meeting run smoothly.
How much you make
You’ll also want to have a basic idea of your average monthly income. Your net income determines a lot about which options may be available to you. You should also have an idea of your expenses, such as child or spousal support, daycare costs or out-of-pocket medical expenses.
Last but not least
If you can, bring in a copy of your most recent tax return as well as an idea of your household budget.
An initial meeting is meant to provide you with information that is specific to your situation so that you’re able to make informed decisions regarding your options. So if you forget something, don’t panic. We can figure it out once you decide which route you’d like to take.
If you’d like to book a free initial consultation with one of our licensed trustees in bankruptcy, please contact our office.
