Author Archives: Bankruptcy Canada Trustee

About Bankruptcy Canada Trustee

Bankruptcy Canada is a free service provided by bankruptcy trustees in Canada to explain how bankruptcy works, how you can avoid bankruptcy, and helps you decide whether bankruptcy is the right option for you and your family.

Home Equity, Mortgage Arrears and Debts. Should You File Bankruptcy?

02 May 2016

Here’s a debt scenario that presents a challenge – what do you do if you have equity in your home but are behind on mortgage payments, owe other money, are getting collection calls and need protection? Should you file bankruptcy or are there other options? How to deal with debts…

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How To Calculate Payments in a Bankruptcy in Canada

07 Mar 2016

While calculating the cost of bankruptcy may not be difficult, it is different for each person who declares bankruptcy in Canada because the ultimate cost is based on their monthly income, expenses, family size and assets. There are three different payments a person may pay in filing a bankruptcy: Monthly contributions – Which…

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Need Debt Assistance? Talk To A Bankruptcy Canada Trustee

11 Jan 2016

Many people are not sure where to turn when they experience financial difficulties. Researching your options can get overwhelming and knowing what information to trust can be stressful. Presumably you are in that very situation since you’ve searched for debt assistance online. The internet is a great source of information, but…

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What Is Disclosed on Your Bankruptcy Application?

07 Dec 2015

Part of the process of filing bankruptcy includes disclosing necessary information. Our quick infographic highlights what you will need to tell your bankruptcy trustee and disclose on your bankruptcy application and what happens if you miss something.

10 Questions About Surplus Income

02 Nov 2015

*Please note this article was updated with the 2018 surplus income limits Some of the biggest questions that people have when filing bankruptcy has to do with surplus income and how it will affect their debt repayment plan. Here are the top 10: What is surplus income? When you file for bankruptcy…

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Everything You Need To Know About Payday Loans

07 Sep 2015

Payday loans are for many a vicious trap. We’ll take a look at how payday loans works and why they cause so much financial problems. The Payday Loan Process: The borrower visits a payday loan store to obtain a small loan that is payable in full, plus fees, on the…

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Bankruptcy & Consumer Proposal: A Remedy For Poor Credit

10 Aug 2015

credit score bankruptcy consumer proposal

There are a number of questions that are common to most, if not all of the people I meet with. If you have a car, you want to know if you can keep it (the answer is, almost always). If you run a business, you want to know if you…

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Debt Management Services From A Trustee. Why We’re The Experts.

13 Jul 2015

Search online. Listen to the radio. Talk to your friends and co-workers. There is no shortage of people offering to help you with your money problems. There is a common misconception that a bankruptcy trustee can only help you with bankruptcy, when in fact, our help extends beyond filing insolvency. How Can…

Personal Bankruptcy vs Joint Bankruptcy. Which Should You Choose?

01 Jun 2015

It is important to understand that if you file for personal bankruptcy it does not mean that your spouse has to declare bankruptcy as well. However if both spouses owe significant debts, either individually or together, it may be necessary for each spouse to consider bankruptcy as a way to…