BankruptcyCanada’s government licensed insolvency professionals are here to help you with your debt problems.
Your free consultation with a Bankruptcy Canada Trustee can take place over the phone or in person.


"Thank you for your compassion and help getting out of debt for good!"

Bookmark Bar

Bankruptcy Canada Has Helped
hundreds of thousands of Canadians
Just Like You get out of debt Since 1999

Professional Bankruptcy Services

Bankruptcy is Only One of the Debt Relief Services We Offer

Filing bankruptcy is not an easy decision, but the bankruptcy services our licensed professionals provide can help you make the decision.

When you are struggling with debt, it is important that you seek knowledgeable and unbiased advice from a friendly debt professional who knows  the process and laws of filing bankruptcy.

We can help you make an informed decision about going bankrupt, and explain to you all of the steps in the process.

That's why it is so important that you speak with one of our local Licensed Insolvency Trustees before you decide if claiming bankruptcy is right for you.

Our friendly debt relief professionals are caring, respectful and licensed by the Canadian government.

We have decades of experience helping people get out of debt and regain a normal, debt-free lifestyle.

You can count on us to help you explore all of your options.

Whether filing for bankruptcy or another solution will work for you, you can count on us to provide the best advice for your situation.

We can help you get out of debt and get your fresh financial start.

Is bankruptcy my best option?

When you are dealing with harassing phone calls, your wages are being garnished, and your bank account has been frozen, you might be in the financial position that you should file for personal bankruptcy.

While bankruptcy is a scary thought, it is a licensed and regulated legal process that is intended to give you a fresh financial start.

However, there are negative repercussions that you need to be aware of.

When you meet with your local Licensed Insolvency Trustee, the Trustee will explain the process, bankruptcy laws, and the pros and cons of personal bankruptcy in Canada.

We can also help you examine your other debt solutions, such as a consumer proposal, if it is appropriate for your situation.

Schedule your free consultation meeting today to learn everything you need to know about bankruptcy, and any possible alternatives available to you.

We can help you find a licensed insolvency trustee who can provide caring, friendly and professional bankruptcy services.

All of our participating trustees are licensed by the government of Canada and are regulated by the Bankruptcy and Insolvency Act.

If you are dealing with debts owed to your unsecured creditors find out how we can help today!

What is the process for declaring bankruptcy?

The first step to getting out of debt through bankruptcy is to schedule a free consultation with your local Licensed Insolvency Trustee.

At your free consultation meeting we will review your financial situation and help you understand your options.

We will help you understand how the bankruptcy law in your province works, including what assets are exempt from your creditors.

If we determine that personal bankruptcy is your best option, we'll help you understand the process and how it works in your situation.

Once you've decided to proceed with a bankruptcy filing, your Licensed Insolvency Trustee will help you file out all of the required documents and paperwork.

Once all the necessary paperwork has been signed your Trustee will file the paperwork with the Office of the Superintendent of Bankruptcy (OSB).

Included in the paperwork will be your Statement of Affairs, which lists your income and expenses, debts and your assets.

Once your paperwork has been filed, your Stay of Proceedings will go into place automatically which prevents collection calls or any legal actions against you.

All existing wage garnishments are also lifted.

First time bankrupts with no surplus income will be in bankruptcy for 9 months.

The bankruptcy period increases if you have surplus income, or you are filing for a second time.

During the time you are in bankruptcy you must complete certain duties in order to receive your bankruptcy discharge.

The duties of a bankrupt include:

  • Completing a monthly report with your Trustee that shows your income and expenses,
  • Attending two financial counselling sessions with your Trustee, that allows you to learn about debt management, budgeting and building better spending habits,
  • Helping your Trustee file your tax return for the year of your bankruptcy,
  • Making any required payments including the base bankruptcy cost used to cover administration, any required surplus income payments, and payments to repurchase an asset (if you wish).

Once you have been in bankruptcy for the required period of time and you have completed all of your bankruptcy duties, you will receive your bankruptcy discharge.

The discharge from bankruptcy is what actually legally releases you from the obligation to repay your debts (that were included in the bankruptcy).

Some bankrupts don't complete their duties on time, which means  they will remain bankrupt until they have done so.

In this case, the bankruptcy court will lay out the required steps for you to complete.

This is rare though, as your Licensed Insolvency Trustee will work with you to ensure you complete all your duties in a timely manner.

During the bankruptcy process your Trustee will provide you with 2 financial counselling sessiions that will give you advice on rebuilding your credit and how to manage your finances successfully in the future.

Discharged bankrupts can begin rebuilding their credit, and within as little as 2 years they will be able to get a mortgage at attractive rates.

We Offer Alternative Debt Relief Options

We know that debt can feel overwhelming and that you might feel it is impossible to get out of debt.

We know how hard managing day to day activities can be when facing a serious debt problem.

Our friendly Licensed Insolvency Trustees also know that bankruptcy isn't always the right solution to solving your debt situation.

That is why we are pleased to offer you a full range of debt relief solutions, such debt consolidation, informal debt settlements, debt management plans, and consumer proposals.

In fact, only our government Licensed Insolvency Trustees can offer you every debt solution under Canada's insolvency laws.

To learn how we can help you get out of debt - and if it is possible to avoid bankruptcy - all you need to do is take the first step towards breaking out of the debt cycle.

Reach out to our friendly insolvency team today to schedule your free debt relief evaluation.

Personal Bankruptcy Services in Canada






Nova Scotia


Consultation Form Block

Consultation icon
Get a Free
Confidential Consultation

A Bankruptcy Canada Government Licensed Debt Professional will contact you as soon as possible.

Testimonial Block

"Bankruptcy Canada helped me get my debt under control after an accident."
"I was feeling lost and confused on how to continue when I meet with a trustee from BankruptcyCanada. I was in an accident that left me unable to work for some time, and the bills were piling up. She was very nice, respectful and understanding through the whole process. She helped me decide to file bankruptcy and I got my discharge recently. Bankruptcy Canada will help you get out of debt!" Maya, Orangeville, ON


All of the Licensed Insolvency Trustees of Bankruptcy Canada are members of CAIRP (Canadian Association of Insolvency and Restrucuring Professionals).
CAIRP is the governing body that advocates for the insolvency (bankruptcy and consumer proposal) process in Canada.