Connect With a Licensed Debt Expert For Friendly Help Without Judgement
Declaring Bankruptcy in Canada
Are you struggling with debt? Are you considering filing bankruptcy to deal with your creditors? Do you feel overwhelmed with your options and are unsure whether declaring bankruptcy is right for you?
Are you worried about how bankruptcy works or if there is a viable alternative to filing bankruptcy available? You are not alone. In fact, over 100,000 Canadians use the services of a Trustee to get out of debt by filing bankruptcy or making a consumer proposal. A consumer proposal is the most popular alternative to personal bankruptcy in Canada.
Bankruptcy Canada can help. We can help you understand what bankruptcy is, how it will impact your personal situation, when it makes sense to avoid bankruptcy with a consumer proposal, and how the Canadian bankruptcy laws can help you get out of debt.
Learn About Bankruptcy and Then Contact a Trustee
What is Bankruptcy in Canada?
What do I Have to do While Bankrupt?
How Long Will My Bankruptcy Last?
Does Filing Bankruptcy Affect my Spouse?
Who Will Know that I’ve Gone Bankrupt?
What is Surplus Income?
Learning about bankruptcy on this site is a good start, but it is important that you speak with a licensed Canadian bankruptcy expert. How bankruptcy works will depend on your situation such as your assets and income and whether you are married with a family or not. A Licensed Insolvency Trustee is the only debt relief professional who can provide bankruptcy services in Canada.
In order to get all the bankruptcy information you need, the team of Trustees of Bankruptcy Canada offers a free, no obligation consultation so you can discuss your situation with a debt professional who can help you determine if bankruptcy is right for you.
Bankruptcy vs Alternatives: Should I File a Consumer Proposal or Go Bankrupt? Bankruptcy vs Consumer Proposal You have decided to see a trustee to get some options to deal with your financial crisis. From the research you have done you have homed in on either bankruptcy or a consumer proposal to deal with your debt … Read more
How Do Holiday Expenses Play Into Debt Management? Holidays and Christmas is a popular time of year. As friends and families gather to celebrate together there are many expenses during this time. Is it possible to celebrate Christmas and holidays with your family and stay out of debt in January? Managing holiday expenses is an important … Read more
Secured Debts in Bankruptcy in Canada Key Questions to Consider About Secured Debts Before you Consider Bankruptcy Secured debt is a debt that is secured by a loan on an asset. Secured debt includes a mortgage on your home or a car loan on your vehicle. Secured debts are not discharged in bankruptcy. Need Help … Read more
Who is Eligible For Bankruptcy? When financial pressures start to mount, mortgage payments are missed, or collection agencies are calling, people start to seriously consider their options. For most Canadians, bankruptcy is a topic they know little about and one of the first questions asked is “who is eligible for bankruptcy?” Bankruptcy filings in Canada … Read more
