TRUSTED CONSUMER PROPOSAL AND BANKRUPTCY PROFESSIONALS

Bankruptcy Canada: Canada’s Bankruptcy Experts

  • Over 100,000+ People Helped

  • Online Since 1999

  • 430 Trustee Offices Across Canada

  • 200,000 Canadians Helped!

Contact A Licensed Insolvency Trustee

Bankruptcy Canada helps people get a fresh financial start.
We have been online since 1999 and have more than 430 trustee offices across Canada.

HOW BANKRUPTCY WORKS

HOW CONSUMER PROPOSALS WORK

FAQs

Bankruptcy in Canada: The cost of going bankrupt is set by the government.
The cost is the same regardless of the trustee you choose to work with.

What Alternatives to Bankruptcy Do Trustees Offer?

Licensed Insolvency Trustees are the only debt relief professionals who can provide a full range of debt solutions such as debt consolidation services, debt management plans and consumer proposals…[ Read More ]

What are the Differences Between a Consumer Proposal & Bankruptcy?

Consumer proposals vs Bankruptcy: Bankruptcy is the quickest manner of getting out of debt and usually works best for debtors with little income and assets.

Consumer proposals offer an ability to repay a portion of your debt and works best for people who would like to protect certain assets that would be surrendered in bankruptcy and who have a steady income to pay into a debt proposal plan…[ Read More ]

What Happens When you File Bankruptcy?

Declaring bankruptcy provides immediate protection from creditors and debt relief.

Your creditors will stop calling, interest stops accruing on your debts, and wage garnishments will end…[ Read More ]

What are the Requirements to File Bankruptcy?

In order to file for bankruptcy in Canada you need to be insolvent and unable to repay your debt.

You must also use a Licensed Insolvency Trustee to claim bankruptcy in Canada.

You cannot file bankruptcy on your own under the Bankruptcy and Insolvency Act…[ Read More ]

Can I File Bankruptcy?

Any individual in Canada who is insolvent may file for personal bankruptcy.

In order to be insolvent you need to owe $1,000 or more and be unable to pay your debt as it becomes due…[ Read More ]

What Can I keep If I'm Claiming Bankruptcy?

Bankrupts in Canada are able to keep certain possessions under the bankruptcy law.

The assets you can keep are known as bankruptcy exemptions, because your Trustee will not seize these assets.

Most people claiming bankruptcy keep all their belongings and get a fresh start to their financial matters…[ Read More ]

Benefits of Working With The Bankruptcy Trustees of Bankruptcy Canada

The Team of Licensed Insolvency Trustees and Consumer Proposal Administrators of Bankruptcy Canada Are the Most Experienced and Knowledgeable Debt Relief Experts in Canada

Only a Licensed Insolvency Trustee (LIT) is sanctioned and licensed by the Canadian government to provide bankruptcy help and consumer proposal services.

All LITs (Licensed Insolvency Trustees, or formerly a bankruptcy trustee) in Canada are trained, experienced and ethically trained. Bankruptcy Canada has chosen to partner with the top bankruptcy and debt proposal firms in Canada so you can get a fresh start.

Canadians that are trapped in debt are welcome to browse our website to find information on bankruptcy and alternatives to bankruptcy such as a consumer proposal or a debt consolidation service.

You will find answers to many of your initial consumer proposal bankruptcy questions right here.

People struggling with credit card debt and mostly unsecured debts would likely benefit from declaring bankruptcy, while debtors with secured debt might want to consider a consumer proposal.

Local bankruptcy trustees and consumer proposal administrators are available to assist you with getting out of debt.

Find out the exact cost of your Bankruptcy and how long you will be in bankruptcy

Go To Bankruptcy Cost Calculator

FOUR DEBT REPAYMENT OPTIONS THAT ALLOW YOU TO AVOID BANKRUPTCY

Bankruptcy Canada Debt Repayment Calculator

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