Financial difficulties can arise at any time for many reasons. For most people, the decision to declare bankruptcy is a serious and often painful one, usually resulting from business failure, marital problems, illness or too much consumer credit.
In many cases, individuals who are considering bankruptcy do not understand the bankruptcy process. At Kunjar Sharma & Associates Inc., we recognize the need for debtors to understand the process and the associated risks. We also understand that there may be alternatives to bankruptcy that may be more appropriate. The purpose of this booklet is to explain in simple terms the duties, restrictions and responsibilities imposed on a person who declares bankruptcy.