Facts & Information Page:
PricewaterhouseCoopers Inc. - Canada

Canadian Money Advisor Rank

Product Names

Product Name


Bankruptcy

Proposals

Credit Counseling

COMPANY CONTACT INFORMATION:

PricewaterhouseCoopers Inc.
#400 1601 Lower Water St
Halifax , NS B3J 3P6
Website:http://www.pwcdebtsolutions.com/

Customer Service Phone: 902-491-7474
Customer Service Fax:
Contact's Phone:1.888.808.9889
COMPANY INFORMATION AND BIOGRAPHY:

The professionals at PricewaterhouseCoopers Inc. take in Debt Solution Counselors, Chartered Insolvency and Restructuring Professionals (CIRP), and Trustees in Bankruptcy. Through their network of over forty PwCDebtSolutionsâ„¢ offices all over Canada, their expert professionals help individuals in resolving financial troubles. They are certified by Industry Canada in every area of Canada and their fees for service are government-regulated. This means that you will not pay much at PricewaterhouseCoopers Inc.

They are certified, competent and experienced professionals, working as one to assist people resolve their financial concerns. In PricewaterhouseCoopers Inc., they recognize how demanding financial dilemmas can be, and knows how to help out. The professionals at PricewaterhouseCoopers will meet with you to evaluate your situation and find out which alternative is most excellent for you.

They offer a wide-range of debt consulting and insolvency services. Their goal at PricewaterhouseCoopers Inc. is to aid everybody to meet and find a possible solution to their financial troubles.

Product Name Product Description
Bankruptcy If an individual has the capability to make a proposal then he or she must believe doing so. If any person files for bankruptcy when he or she has the capacity to create a proposal, it is the Trustee\'s responsibility to be against the bankrupt\'s discharge. In this case, the bankrupt can be in bankruptcy an additional 12 months beyond the standard nine months. The bankrupt will need to do payments in every month.

When you formulate an assignment in bankruptcy, each of your assets or equity in assets that are in excess of the permissible exemption, vest in the Trustee for the advantage of your creditors. This can consist of inheritances or lottery winnings obtained or to which you may become allowed by the death of somebody during the time of the bankruptcy. Certain cash assets you have at the time of your bankruptcy cannot be excused.
Proposals If an individual has the capability to make a proposal then he or she must believe doing so. If any person files for bankruptcy when he or she has the capacity to create a proposal, it is the Trustee\'s responsibility to be against the bankrupt\'s discharge. In this case, the bankrupt can be in bankruptcy an additional 12 months beyond the standard nine months. The bankrupt will need to do payments in every month.

When you formulate an assignment in bankruptcy, each of your assets or equity in assets that are in excess of the permissible exemption, vest in the Trustee for the advantage of your creditors. This can consist of inheritances or lottery winnings obtained or to which you may become allowed by the death of somebody during the time of the bankruptcy. Certain cash assets you have at the time of your bankruptcy cannot be excused.
Credit Counseling You should take counseling just to be qualified for an automatic nine month discharge. The first counseling session must have got to be apprehended between 10 to 60 days after bankruptcy. The second counseling session must be held no later than 210 days following the date of bankruptcy.

You should keep the Trustee be aware to the place you are living and as to whichever material changes in your situation. You also have to reply to the Trustee\'s needs and help and assist in your bankruptcy as necessary and grant whatever information is asked for. You should also give the Trustee with monthly reports of earnings and expenses. The Trustee will give you with the correct forms to be filled-in to supply the essential information. As well, there may be a meeting of creditors just about one-to-two months after the commencement of the bankruptcy that the bankrupt is requisite to be present at. These meetings are typically held at the office of the Trustee. Also, the Official Receiver may need you to be there and give information under oath in connection to your bankruptcy.

If you have never been bankrupt before and have finished the necessary counseling sessions, and if there are no filed objections to your discharge, then you are qualified to be discharged from bankruptcy automatically after nine months. If you have been bankrupt previously, or if you opt to file bankruptcy when you can have prepared a feasible proposal, or if a creditor, the Superintendent of Bankruptcy or the Trustee resistant of your discharge, then you will not meet the criteria for an automatic discharge. Your discharge will then have to be determined either by a mediation process with the Trustee and the Superintendent\'s Office, or by the Bankruptcy Court. It is the discharge from bankruptcy that gets rid of the debts.