Mike Wright & Associates Inc.

Besides consumer proposals, filing bankruptcy in Kelowna can provide you with immediate debt reliefs as well as wage garnishments. But before filing for bankruptcy, consult experts on whether this is the right deal for you. After online research regarding the same, you can always file for bankruptcy without the help of any lawyer. Here is complete guidance with an overview of the steps you need to follow to obtain a fresh new start. Gather Your Documents Getting hold of all your financial documents is the first step towards filing for bankruptcy, and it will help you get a complete idea about the actual state of your finances. Get Hold Of Credit Counseling Applying for credit counselling before filing for bankruptcy in court is necessary. This counselling will guide you completely through the entire procedure and give you a sketch idea of whether you need to file for bankruptcy or you can repay through some informal financial plan. Fill In the Bankruptcy Form T...

Bankruptcy in Kelowna is regarded by many people as a last resort. However, it is also shrouded with misconceptions. The following are just some of the common misconceptions people have about bankruptcy in Kelowna : Misconception #1: You will never be able to recover from bankruptcy in Kelowna While there is a major impact on your credit score, it’s not the end of the world. Many people have bounced back from bankruptcy as long as you are willing to do the work for it. You can still rebuild your credit score and be in good bank standing once again. Misconception #2: You will not be able to get a new credit line until after 7 years This isn’t true. While the record will remain for 7 years, this does not mean that you can no longer open a credit line. Some banks might be willing to give you a credit line so you can start rebuilding your credit record. Misconception #3: Bankruptcy makes you escape debts It’s not something that can be obtained whenever you want. You have t...