Debt information since 1999
BankruptcyCanada.com has published Canadian debt and insolvency information since 1999. Our goal is to make complex topics easier to understand before you decide whether to speak with a professional.
Independent Canadian debt education and LIT referral directory since 1999
Why Use BankruptcyCanada.com?
We publish plain-language information about debt and insolvency in Canada and help people connect with participating Licensed Insolvency Trustee firms when they want an individual assessment.
Independent education
Participating LIT firms
No-obligation introduction
What You Can Expect From BankruptcyCanada.com
Access to licensed professionals
When you request a consultation, we connect you with a participating firm that includes Licensed Insolvency Trustees regulated by the Office of the Superintendent of Bankruptcy. Only an LIT can administer a consumer proposal or bankruptcy.
Clear separation of roles
The website provides general education and tools. A participating LIT firm reviews your individual finances, explains the available options, and tells you what a formal proceeding would involve before you make a decision.
A transparent next step
There is no charge to use the website or request an initial consultation. If you submit a request, your information may be shared with one participating LIT firm so it can contact you about the consultation you requested.
How BankruptcyCanada.com and an LIT Work Together
Understanding who does what helps you evaluate information and make an informed choice.
| Topic | BankruptcyCanada.com | Participating LIT firm |
|---|---|---|
| Primary role | Independent educational publisher and referral directory | Federally regulated insolvency professional |
| Personal assessment | Provides general information and educational tools | Reviews your income, debts, assets, expenses, and available options |
| Formal filing | Does not file or administer insolvency proceedings | Can administer a consumer proposal or bankruptcy |
| Stay of proceedings | Does not create legal protection | A formal filing generally triggers a stay that stops most collection actions involving included unsecured debts; exceptions can apply |
| Costs | No charge to use the website or request an introduction | Explains any applicable costs and payment terms before you proceed |
Learn more from the Office of the Superintendent of Bankruptcy.
Explore Your Options Before a Consultation
Use these free educational tools to organize your questions and compare possible scenarios. Results are estimates only and are not a quote, recommendation, or guarantee of outcome.
Frequently Asked Questions
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.
Consultation requests are routed to a participating LIT firm. A member of the firm may complete the initial intake, while a Licensed Insolvency Trustee provides professional insolvency advice and administers any formal consumer proposal or bankruptcy.
A stay of proceedings generally takes effect after a consumer proposal or bankruptcy is formally filed. It stops most collection actions involving included unsecured debts, although exceptions can apply.
There is no charge to use BankruptcyCanada.com or request an initial consultation with a participating LIT firm. If you choose a formal insolvency option, the trustee will explain the applicable costs and payment terms before you proceed.
Information submitted through the consultation form is used to respond to your request and may be shared with one participating LIT firm. BankruptcyCanada.com does not sell consultation information to unregulated debt marketers. See our Privacy Policy for details.
Find Your Personal Debt Relief Solution
Licensed Insolvency Trustees are here to help. Get a free assessment of your options.