Most Recent 'Filing Bankruptcy in Canada' Posts

We’ve all been there. We’ve made an appointment to do something we dreaded like making a doctor appointment or a trip to the dentist, then when the day of the appointment actually arrived, we think about cancelling. Sometimes, you might not even show up, even if it means you have to pay a cancellation or […]

Whether you’re in a good financial place of in a state where you may need some professional debt relief help, the following bankruptcy-related terms can help clarify any confusion.  Bankruptcy If you are completely insolvent, a bankruptcy may be suggested by your Trustee. The process of bankruptcy takes between 9 and 21 months for first-time […]

Next to consumer proposals, bankruptcies are often seen as the best way to deal with severe levels of debt. In this post, we’ll be taking a look at how support orders are treated under bankruptcy to give you a better understanding of the process. Treatment of support payments during the bankruptcy Under the Bankruptcy and […]

Personal insolvencies reached a 10-year high in Canada in 2019. If you’re considering filing for bankruptcy, one of the first steps is to meet with a licensed insolvency trustee (LIT). A LIT will discuss your situation and circumstances with you, and they will ask you to disclose information about all the assets that belong to […]