About Us - Bankruptcy Canada
Independent Canadian debt education since 1999
Helping Canadians Understand Their Debt Options
BankruptcyCanada.com publishes plain-language information about debt and insolvency in Canada and helps people connect with participating Licensed Insolvency Trustee firms when they want an individual assessment.
Our purpose
Make Complex Debt Information Easier to Understand
Financial difficulty can be stressful, and Canada’s insolvency system can be difficult to navigate. Our purpose is to explain common debt options in straightforward language, identify important limitations, and help readers prepare better questions before speaking with a qualified professional.
Clear, source-led explanations
We aim to ground material claims in legislation, government guidance, and other authoritative Canadian sources. Readers should be able to distinguish general education from advice about their own circumstances.
Read our Editorial StandardsA transparent referral path
If you request a consultation, the information you submit may be shared with one participating LIT firm so it can respond. BankruptcyCanada.com may receive compensation from a participating firm where applicable.
See how information is handledEducational tools with limits
Our calculators and checkers can help you explore possible scenarios. Their results are estimates only—not a quote, eligibility decision, professional recommendation, or prediction of the result in your case.
Explore the debt toolsA commonly misunderstood protection
How the Stay of Proceedings Works
A stay of proceedings generally takes effect after a consumer proposal or bankruptcy is formally filed. It stops most collection actions involving unsecured debts included in the filing. BankruptcyCanada.com does not create this protection, and an initial consultation alone does not trigger it.
Exceptions can apply. The stay usually does not prevent collection of secured debts such as a mortgage or car loan, or child or spousal support. A Licensed Insolvency Trustee can explain how the rules apply to your debts and any active collection action.
Read the official OSB guidanceWhen it starts
Generally after a proposal or bankruptcy is formally filed.
What it can stop
Most calls, wage garnishments, and legal collection actions for included unsecured debts.
Where exceptions apply
Secured debt and support obligations are common examples.
Who does what
BankruptcyCanada.com and Licensed Insolvency Trustees Have Different Roles
This distinction matters: the website can help you learn and make an introduction, while the participating LIT firm evaluates your personal situation and provides regulated insolvency services.
| Topic | BankruptcyCanada.com | Participating LIT firm |
|---|---|---|
| General education | Publishes articles, guides, and educational tools | Can explain options in the context of your circumstances |
| Personal assessment | Does not assess or advise on an individual case | Reviews income, debts, assets, expenses, and other relevant facts |
| Formal proceedings | Does not file or administer proposals or bankruptcies | Can administer a consumer proposal or bankruptcy |
| Legal protection | Does not trigger a stay of proceedings | A formal filing generally triggers the stay; exceptions can apply |
| Costs | No charge to use the site or request an initial consultation | Explains any costs and payment terms before you decide whether to proceed |
The Office of the Superintendent of Bankruptcy states that LITs are the only professionals authorized to administer government-regulated insolvency options. Learn more from the official OSB debt guidance.
Editorial accountability
Information Should Be Verifiable
We aim to identify authoritative sources, show when substantive content was last reviewed, and correct material errors when they are found. Where a page has received professional review, the reviewer’s name and credentials should be displayed on that page.
If you find information that may be outdated or inaccurate, please use our contact details so the page can be reviewed.
Review our editorial approachCommon questions
About BankruptcyCanada.com
What is BankruptcyCanada.com?
BankruptcyCanada.com is an independent Canadian debt-education publisher and referral directory. It is not a government agency, law firm, lender, or Licensed Insolvency Trustee firm.
Is BankruptcyCanada.com a government website?
No. BankruptcyCanada.com is independently operated and is not affiliated with the Government of Canada or the Office of the Superintendent of Bankruptcy. We link to official sources where they can help readers verify information.
Who can administer a consumer proposal or bankruptcy?
Only a Licensed Insolvency Trustee can administer a consumer proposal or bankruptcy in Canada. BankruptcyCanada.com provides general education and can introduce visitors to participating LIT firms, but it does not file or administer insolvency proceedings.
What happens when I request a consultation?
The information you submit may be shared with one participating Licensed Insolvency Trustee firm so it can respond to the consultation request. There is no charge to use BankruptcyCanada.com or request the initial consultation. BankruptcyCanada.com may receive compensation from a participating firm where applicable.
Does filing always stop every creditor action?
A stay of proceedings generally takes effect after a bankruptcy or proposal is formally filed and stops most collection actions involving included unsecured debts. Exceptions can apply, including for secured debts and child or spousal support. A Licensed Insolvency Trustee can explain how the rules apply to a specific situation.
Find Your Personal Debt Relief Solution
Licensed Insolvency Trustees are here to help. Get a free assessment of your options.