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.

Bankruptcy in Canada with Vehicle with Co-Signer

 04 Jun 2012

Question: I am considering bankruptcy in Canada, however I have a car and a loan with a co-signer. I have never been delinquent with my payments, it is my only mode of transportation to and from work. Am I able to keep making the payments on my car without it…

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Key Benefits of Filing Bankruptcy

 06 Apr 2012

With the skyrocketing prices of goods and services, many people are finding themselves in difficult financial situations with overwhelming debts and are considering filing bankruptcy in Canada as the solution to thier problems. If this sound like you, you need not to fret as there are many people who are…

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Bankruptcy Canada, Debt Management & Debt Settlement

 05 Apr 2012
debt management or debt settlement

For many, bankruptcy in Canada is a very scary and often misunderstood legal procedure. It is definitely intimidating to those that have no clear idea on what to expect and how long the procedure will last. It is important to become educated as much as possible before even beginning the…

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Keep Calm and Carry on – Canadian Bankruptcy Information

 04 Apr 2012

Thinking about filing bankruptcy in Canada? We know this can be very stressful. Not knowing whom to trust, whom to turn to, what questions to ask, what steps to take to safe guard your family’s future? Welcome to Bankruptcy-Canada.com,  where you will find the help you need once you decide…

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Discover the Truth about Bankruptcy in Canada

 03 Apr 2012

In these tough economic times, debt has become a major problem in Canada. Bills can easily accumulate to a point where it will be almost impossible to pay them all.  Bankruptcy in Canada is a process where you can either eliminate or repay a portion or all of your debt….

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Eliminate Debt: Bankruptcy Canada Information

 02 Apr 2012

It can be overwhelming and extremely stressful to be over your head in debt. At times even the best financial plan can do little to ease the amount of debt one has accumulated. Luckily, there is an option to get a fresh start and get the creditors off your back….

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Will There Be A Creditors’ Meeting If I File Bankruptcy In Canada?

 29 Mar 2012

Question: After a notice was sent by my trustee in bankruptcy announcing a personal bankruptcy and asking for a meeting with the creditors, how long do they have to respond to the notice? Is a person left hanging in limbo indefinitely? How will I know if they responded or not?…

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Bankruptcy Canada Surplus Income Limits for 2012

 22 Mar 2012

If you file bankruptcy in Canada, you are required to report your income to your bankruptcy trustee each month, and if you have surplus income you are required to make extra payments. The amount you are permitted to earn while bankrupt is set by the government of Canada, based on your…

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Can I be Forced to Go Bankrupt in Canada?

 19 Mar 2012

Question: I have a home which I have a 1st & 2nd mortgage on which are current. But because of my failing business I have accumulated $700,000 in unsecured debt which I’m now in default of. The equity in my home is less than $70,000 in a perfect market but…

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Surplus Income and Three Paydays

 10 Mar 2012

Question: I was told that if I had 3 paydays in one month that I only needed to supply 2 of them to trustee? Is that true? Answer: No, that’s not true. You are referring to the calculation of surplus income when you file bankruptcy in Canada. Each month you…

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