Why Choose Bankruptcy Canada as Your Debt Relief Experts?
Over 100,000 Canadians have turned to BankruptcyCanada.com since 1999 to resolve debt, stop collection calls, and achieve a complete financial fresh start under federal law.
4 Reasons Canadians Trust BankruptcyCanada
25+ Years of Proven Legal Expertise
Since 1999, we’ve provided plain-language educational guidance on the Bankruptcy and Insolvency Act (BIA). We don’t use confusing legal jargon—we give you simple, honest answers so you know exactly where you stand.
Exclusive Network of Federally Licensed Trustees
We partner strictly with **Licensed Insolvency Trustees (LITs)**—the only debt professionals in Canada licensed by the federal government (OSB) to legally reduce debt and freeze interest.
$0 Upfront Fees & Regulated Pricing
Your initial consultation is always 100% free and confidential. Trustee fees are established by federal tariff and built directly into your single affordable monthly payment—no hidden costs, retainers, or surprises.
Full Legal Protection (Stay of Proceedings)
Unlike private debt consultants, an LIT can invoke Section 69 of the BIA, granting you an immediate legal **Stay of Proceedings**. This legally forces creditors and the CRA to stop wage garnishments, bank freezes, and lawsuits instantly.
BankruptcyCanada vs. Unregulated Debt Consultants
Many private agencies advertise heavily online as “debt relief specialists,” but they are actually unregulated middlemen who charge high upfront fees without providing any legal standing under Canadian law.
| Key Advantage | BankruptcyCanada (LIT Network) | Private Debt Consultants |
|---|---|---|
| Federal Licensing & Oversight | Yes (Regulated by OSB) | No (Unregulated Middlemen) |
| Legal Power to Stop CRA & Lawsuits | Yes (Statutory Stay) | No (Creditors Can Keep Suing) |
| Upfront Out-of-Pocket Retainer Fees | $0 (Free Consultation) | High Non-Refundable Fees |
| 0% Interest Mandate | Yes (Frozen by Federal Law) | No (Interest Keeps Compounding) |
| Protection for Home Equity & Assets | 100% Protected in Proposal | No Statutory Asset Protection |
Test Your Options First with Our Open Debt Tools
We believe in complete transparency. Before talking to anyone, use our suite of free, confidential Canadian debt tools to calculate your potential savings and legal rights:
Frequently Asked Questions
Private debt settlement companies are unregulated and cannot offer legal protection. They charge heavy upfront fees, cannot stop CRA wage garnishments, and creditors are not legally required to accept their offers. Licensed Insolvency Trustees (LITs) operate under federal BIA law with regulated fees and provide an immediate, legal Stay of Proceedings.
No. All initial consultations through BankruptcyCanada are 100% free and confidential. Trustee administration fees for Consumer Proposals and Bankruptcies are strictly regulated by the federal government and built directly into your single monthly payment.
The moment an official Consumer Proposal or Bankruptcy is filed through a Licensed Insolvency Trustee, a federal Stay of Proceedings takes effect immediately, halting all collection calls, legal actions, and wage attachments instantly.
Find Your Personal Debt Relief Solution
Licensed Insolvency Trustees are here to help. Get a free assessment of your options.