Fort Erie
Navigating Asset Safeguards: Unveiling What Creditors Can and Cannot Seize in Canadian Bankruptcies When grappling with mounting debts, the concept of bankruptcy often surfaces as a potential solution. However, the fear of losing cherished possessions can be a significant deterrent. This comprehensive guide aims to demystify the intricate landscape of Canadian bankruptcy laws, shedding light … Read more
Filing Bankruptcy & Keeping My Truck Filing for bankruptcy is a significant financial decision with far-reaching implications. One of the concerns that often arises is the fate of vital assets such as a truck. If you’re asking, “Can I Keep My Truck if I File for Bankruptcy?”, this extensive guide aims to provide clarity. Understanding … Read more
Most Bankrupts Are Able to Keep All of Their Belongings Perhaps one of the most frequent inquiries relating to bankruptcy, it is important to get a thorough understanding of how bankruptcy actually works, and what you can keep when filing. In a state of bankruptcy, your assets become the legal property of your representing Licensed … Read more
Keep Your Home and Get Out of Debt Most people who are struggling with high levels of debt want to get out. They hate the position they have found themselves in and are searching for a way to escape. However, they don’t want to be left with nothing at the end of the process and … Read more
Keeping Your Car in Bankruptcy Claiming bankruptcy is arguably one of the best ways to get a completely fresh financial start. It’s often seen as one of the best ways to “reset” your financial situation if you only have a few assets and mounting unsecured debts. At Bankruptcy Canada, we consider bankruptcy to be one … Read more
When you file for bankruptcy, you have to hand over your assets and in return, your outstanding debts will be eliminated. However, there are certain exemptions to protect you, so you don’t lose everything. For example, your home and your furniture cannot be reclaimed, and neither can personal items such as clothing. If you own … Read more
Is My RDSP an Exempt Asset? When our debts spiral out of control, filing for Personal Bankruptcy can give you the fresh start you need and deserve. However, there are many who are reluctant to take this step even though it could benefit them greatly. Many mistakenly believe that filing for Bankruptcy means that they … Read more
What happens to my vehicle, if I file for bankruptcy? Many people worry about whether their car will be taken away if they declare bankruptcy. A concern that is not altogether unfounded or unreasonable. After all, we need our vehicles to live our regular lives. It is also the case that some cars are repossessed … Read more
What You Need To Know About Inheritances and Other Windfalls in Bankruptcy If you’re considering filing for bankruptcy, it’s highly likely you’re running low on liquid assets or you’ve already exhausted any savings you had. Before you decide to file for personal bankruptcy, however, it’s important to consider what would happen if you came into … Read more
Tools Of The Trade Exemption in Ontario Bankruptcy Bankruptcy is a means of making a fresh start, but what happens to the assets you own? In Canada, there are exceptions when it comes to handing assets over to a trustee, including Ontario tools of the trade bankruptcy exemptions. A brief introduction to Ontario bankruptcy exemptions … Read more
If you’re reading this article, the chances are you’ve been struggling with debt for a while. That can be a lonely place. It’s easy for things to get out of control. Your stresses can stack up just as quickly as your creditors – but you do have some options available. Bankruptcy … Read more
“Can Unsecured Creditors Take My Car If I Don’t Pay My Debt” is a concern that many individuals struggling with debt have. Need Help Reviewing Your Financial Situation? Contact a Licensed Trustee for a Free Debt Relief Evaluation Schedule Your Free Consultation Your car loan is a secured debt, and if you do not pay … Read more
Bankruptcy Canada is proud to provide Canadians living with debt a fresh financial start. We are Licensed Insolvency Trustees (commonly called a bankruptcy trustee) who are the only debt relief professionals licensed by the Canadian government to provide bankruptcy and consumer proposal services. We offer free initial consultations to explore all of your debt relief options such as credit counselling, debt consolidation, or debt settlement services, in addition to consumer proposals and personal bankruptcies.
