Bankruptcy Nova Scotia - Filing Bankruptcy in NS Licensed Insolvency Trustees

Bankruptcy Trustees in Nova Scotia

The personal bankruptcy laws in Nova Scotia are governed by a federal Act, although NS sets the rules for what property a person is able to keep – known as exemptions.

Nova Scotia bankruptcy can be complex and a local NS trustee is an expert on NS insolvency laws and can help you through the process.


MNP Nova Scotia BankruptcyMNP Limited, 902-200-1448
43 Prince Arthur Street, Amherst, NS B4H 1V8
Free Debt Relief Evaluation


MNP Nova Scotia BankruptcyMNP Limited, 833-201-7454
43 Prince Arthur Street, Amherst, NS B4H 1V8
Free Debt Relief Evaluation


Nova Scotia Bankruptcy Grant Thornton TrusteeGrant Thornton Limited, 
Toll-Free: 1-888-296-2822

3588 Highway 3, Barrington Passage, NS B0W 3B0
Free Debt Relief Evaluation


MNP Limited Halifax, NS BankruptcyMNP Limited, 902-901-5260
1801 Hollis Street, Halifax, NS  B3J 3N4
Free Debt Relief Evaluation

MNP Limited Halifax, NS BankruptcyMNP Limited, 902-200-3008
6080 Young Street, Young Tower Suite 912, Halifax, NS B3K 5L2
Free Debt Relief Evaluation


MNP Nova Scotia BankruptcyMNP Limited, 902-200-1468
821 King Street #9, Bridgewater, NS B4V 1B7
Free Debt Relief Evaluation


MNP Limited Halifax, NS BankruptcyMNP Limited, 902-901-5260
1801 Hollis Street, Halifax, NS  B3J 3N4
Free Debt Relief Evaluation

MNP Limited Halifax, NS BankruptcyMNP Limited, 902-200-3008
6080 Young Street, Young Tower Suite 912, Halifax, NS B3K 5L2
Free Debt Relief Evaluation


Nova Scotia Bankruptcy Grant Thornton TrusteeGrant Thornton Limited,
Toll-Free: 1-888-296-2822

68 Water Street, Digby, NS B0V 1A0
Free Debt Relief Evaluation


MNP Nova Scotia BankruptcyMNP Limited, 902-200-1650
106 Reserve Street, Glace Bay, NS B1A 4W5
Free Debt Relief Evaluation


MNP Limited Halifax, NS BankruptcyMNP Limited, 902-901-5260
1801 Hollis Street, Halifax, NS  B3J 3N4
Free Debt Relief Evaluation

MNP Limited Halifax, NS BankruptcyMNP Limited, 902-200-3008
6080 Young Street, Young Tower Suite 912, Halifax, NS B3K 5L2
Free Debt Relief Evaluation


MNP Nova Scotia BankruptcyMNP Limited, 902-200-1686
220B Main Street, Liverpool, NS B0T 1K0
Free Debt Relief Evaluation


MNP Limited Halifax, NS BankruptcyMNP Limited, 902-901-5260
1801 Hollis Street, Halifax, NS  B3J 3N4
Free Debt Relief Evaluation

MNP Limited Halifax, NS BankruptcyMNP Limited, 902-200-3008
6080 Young Street, Young Tower Suite 912, Halifax, NS B3K 5L2
Free Debt Relief Evaluation


Nova Scotia Bankruptcy Grant Thornton TrusteeGrant Thornton Limited,
Toll-Free: 1-888-296-2822

68 Water Street, Digby, NS B0V 1A0
Free Debt Relief Evaluation


MNP Nova Scotia BankruptcyMNP Limited, 902-200-1951
452 East River Road, Suite B, New Glasgow, NS B2H 3R2
Free Debt Relief Evaluation


MNP Nova Scotia BankruptcyMNP Limited, 902-901-5731
8947 Commercial Street, New Minas, NS B4N 3E1
Free Debt Relief Evaluation


MNP Nova Scotia BankruptcyMNP Limited, 902-200-1757
39 Forrest St., North Sydney, NS B2A 3B1
Free Debt Relief Evaluation


MNP Nova Scotia BankruptcyMNP Limited, 902-200-1459
609 Church Street, #105, Port Hawkesbury, NS B9A 2X3
Free Debt Relief Evaluation


Nova Scotia Bankruptcy Grant Thornton TrusteeGrant Thornton Limited,
Toll-Free: 1-888-211-3574

125 Water Street, Shelburne, NS B0T 1W0
Free Debt Relief Evaluation


MNP Nova Scotia BankruptcyMNP Limited, 902-200-1757
500 George Street #220, Sydney, NS B1P 1K6
Free Debt Relief Evaluation


MNP Nova Scotia BankruptcyMNP Limited, 902-200-1146
640 Prince Street, Truro, NS B2N 1G6
Free Debt Relief Evaluation


MNP Nova Scotia BankruptcyMNP Limited, 833-201-7454
78 Thomas St, Windsor, NS, B0N 2T0
Free Debt Relief Evaluation


Nova Scotia Bankruptcy Grant Thornton TrusteeGrant Thornton Limited,
Toll-Free: 1-888-296-2822

328 Main Street, Yarmouth, NS B5A 1E5
Free Debt Relief Evaluation


Your debt issues will not solve themselves.

That is why you must take action and schedule a free consultation meeting with one of our NS bankruptcy trustees today.

If you make a consumer proposal you can avoid bankruptcy.

Our trustees are friendly, caring, non-judgmental professionals who can offer you their best advice in every case.

Bankruptcy Nova Scotia

Bankruptcy Nova Scotia

The trustees listed on this page are also professionals with good training and are subjected to the highest code of ethics through their association – the Canadian Association of Insolvency and Restructuring Professionals.

Trustees can provide you with protection from your creditors, a quick way to rebuild your credit score, provide you with credit counselling, and must live by a strict code of ethics.

Filing for Bankruptcy in Nova Scotia

If you are finding it difficult to make your monthly bill payments, and feel your finances are getting out of control personal bankruptcy in Nova Scotia might be the solution for you.

It is important that you schedule a confidential evaluation with a government licensed Nova Scotia bankruptcy expert as there are possible bankruptcy alternatives that should be exhausted before you consider filing bankruptcy in Nova Scotia.

As soon as a debtor files bankruptcy, collection calls, lawsuits and wage garnishments are halted. During the bankruptcy process, the debtor must surrender their assets in exchange for an elimination of their unsecured debts.

Fortunately, there are exemptions to the assets that must be turned over to the Trustee, and, in reality, almost all debtors who are declaring Nova Scotia bankruptcy will be able to keep all of their belongings.

Any assets you do surrender to the Trustee will be held in trust and then sold by the Trustee, who will distribute the proceeds to your creditors in a fair and equal manner.

The bankruptcy laws in Nova Scotia is a federal law, although there are slight differences to how bankruptcy works in each province, so it is important to schedule a free evaluation to meet with a Trustee in Nova Scotia to discuss all of your options.

The trustee will help you explore all possible bankruptcy alternatives that could meet your financial needs.

The most popular alternative to filing bankruptcy is a consumer proposal which allows you to repay a portion of your debts over a period of time.

The decision to go bankrupt is not a simple decision and you should not take the situation lightly.

While bankruptcy will help you eliminate most, or even all, of your debts, there could be a significant impact on your assets and credit when going bankrupt.

The cost of going bankrupt will vary depending on the members in your family and your monthly income; if you have a large income bankruptcy could become fairly expensive, especially if you have been bankrupt before.

Declaring bankruptcy is a way to get out of debt but it is not for everyone so if you are considering going this route you need professional advice from a trustee.

The Superintendent of Bankruptcy in Canada licenses all trustees in the province of Nova Scotia.

This means you can always be comfortable speaking with a trustee and following their advice.

Bankruptcy Nova Scotia

It should not be surprising that consumer debt is rising in Manitoba, and the rest of Canada.

This rise in consumer debt means that more and more Nova Scotia residents are facing financial difficulties and considering bankruptcy or other debt relief methods.

Before you make the decision to file bankruptcy, you should ask yourself if bankruptcy is really the best option for your money problems.

As such, we are pleased to offer risk free, no obligation evaluation meetings with our Nova Scotia bankruptcy experts.

During this meeting the Trustee will help you explore all possible bankruptcy alternatives and will answer all of your questions.

Having a complete understanding of bankruptcy and the options available to you can help you make an informed decision.

Your trustee will also help you make a decision that is best for you.

Bankruptcy Nova Scotia Basics

Nova Scotia sets its own bankruptcy exemptions, although bankruptcy law is governed by the federal government through legislation known as the Bankruptcy and Insolvency Act.

As a last resort to money problems, personal bankruptcy can give you a fresh start and allow you to get out of debt.

Bankruptcy NS is a legal process that results in all of your eligible unsecured debts being eliminated, in exchange for you surrendering your assets that are not protected by the bankruptcy exemptions in Nova Scotia.

You are eligible to file bankruptcy in Nova Scotia if your debts are greater than your assets and you owe at least $1,000 and cannot make your bill payments on time.

Nova Scotia residents file for bankruptcy with the assistance of a Licensed Insolvency Trustee.

Your trustee will help you throughout the entire bankruptcy process and will hold any of your non-exempt assets in trust. This trust will be used to pay the debtor’s creditors.

After 9 months (or longer in certain cases) you will receive your bankruptcy discharge and you will be free to begin your fresh start.

Getting your discharge from bankruptcy will legally eliminate your unsecured debts and you will receive a Certificate of Discharge from your Trustee.

Nova Scotia Bankruptcy Advice

The decision to file bankruptcy is a difficult one, which is why we offer a free consultation meeting.

Most people only consider bankruptcy when their debts become overwhelming, although before you make any decisions you must speak with a Licensed Insolvency Trustee in Nova Scotia.

A trustee, the only Bankruptcy Nova Scotia expert, will answer your questions, address your concerns, and help you explore all of your options, including making a consumer proposal.

A consumer proposal is a popular alternative to bankruptcy, especially for debtors with assets that would be lost in a bankruptcy.

All trustees listed on this page will provide you a free evaluation meeting so you can be informed and make a wise decision on getting your debt under control.

At bankruptcy Nova Scotia we believe that everyone has the right to get out of debt in a fair and dignified manner.

Understanding the Benefits and Drawbacks of a Nova Scotia Bankruptcy Filing

Before you can make an informed decision about bankruptcy, you need to understand the pros and cons of going bankrupt.

There are certainly many benefits to a bankruptcy filing, although there are also drawbacks that you need to be aware of.

The benefits of filing bankruptcy in Nova Scotia include:

  • Your creditors will be prevented from harassing you – all collection calls, lawsuits and garnishments of your wages will stop;
  • Student loan debt can be discharged, provided you have been out of school for at least 7 years (or 5 years if you can make a successful hardship application);
  • Financial counselling from the Trustee that is intended to make you financially literate so you can avoid money problems and bankruptcy in the future;
  • Bankruptcy gives you a fresh financial start.

There are also cons to filing bankruptcy such as:

  • Your credit will be impacted;
  • You won’t be able to operate an incorporated business as a bankrupt;
  • You will potentially lose some of your assets.

To learn more about bankruptcy and your other options for becoming debt free, please contact one of our trustees in your area to schedule a free, no obligation evaluation.