Licensed Trustee in Bankruptcy - Serving Clients Throughout British Columbia

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A few words from our clients.

"Thanking you so much for your excellent service and making a pretty difficult year less difficult"

~ Fineta N

Frequently Asked Questions

What Happens At The First Meeting of Creditors?

<p>If a meeting is called, the trustee will give a report about your assets and liabilities and creditors may ask you related questions. The creditors will then vote to either confirm the trustee’s appointment, or substitute a trustee of their choice. The creditors will then have an opportunity to vote for the appointment of inspectors. An Inspector is a creditor or their representative who is chosen to represent the best interests of the creditors as a whole.</p>

<p>Creditors meetings are not called for in most bankruptcies and proposals.</p>

<p>Inspectors are not appointed in many bankruptcies or proposals.</p>

<p>The creditors or any inspectors will be required to approve the sale of assets by the Trustee and certain other matters.</p>

<p>E. & O. E.</p>

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DISCLAIMER
All of the information on this website is provided as general information to those seeking general answers to their questions.

This information should not be construed as professional advice.

Every insolvency situation is different and the outcome of each will very depending on its unique circumstances.

Do not rely on this information, or take any steps which are based upon this information without first seeking professional advice.

To obtain specific professional advice a questionnaire must be completed and a personal evaluation conducted by our Trustee.