Bankruptcy Counselling


Bankruptcy can be long and potentially confusing process.  Sometimes, just the filing process itself can take months to complete. The federal government requires all individuals to take two sessions of Bankruptcy Counseling which don’t take long to complete and can be the most painless part of filing for bankruptcy. Here is an idea of what you can expect.

First Counselling Session

In the first counselling session, licensed insolvency trustee will discuss and provide the consumer in the areas of:

  • Money Management;
  • Spending and Shopping Habits;
  • Warning Signs of Financial Difficulties;
  • Obtaining and using Credit


During the second counselling session, the licensed insolvency trustee will work with the consumer to determine the sources and causes of budget concerns and insolvency.  The trustee will:

  • Follow up on the bankruptcy application
  • Discuss your strengths & weaknesses with regard to money management & budget skills
  • If appropriate, the trustee will assist with non-budget causes of insolvency such as gambling, compulsive behavior, substance abuse, employment or marital challenged
  • Trustee will work to better understand your money management habits and consumption habits
  • Trustee will make you aware of all potential resources that are in place to help you achieve economic stability
  • The trustee will work with you to develop recommendations and a financial plan
  • Where appropriate, the trustee may refer you for specialized counselling for non-budget related concerns outlined above

These counseling sessions are just two steps within the overall journey of eliminating debt through bankruptcy. It is not a quick fix with processes taking several months to potentially several years, depending on the situation. 

With this in mind, Fox-Miles & Associates is here to support you through process and help give you the tools to navigate what bankruptcy involves and help you clean you slate and make a fresh start. Contact us to schedule your free consultation.