Category Archives: Personal Bankruptcy

Advice and information on personal bankruptcy in Canada provided by Bankruptcy Canada trustees. Learn important facts about filing bankruptcy then contact one of our local bankruptcy trustees in your province who can help.

Bankruptcy Lawyer or Bankruptcy Trustee? Who Do I Need?

 13 Feb 2013

In Canada, a personal bankruptcy or consumer proposal is administered by a Bankruptcy Trustee, not a bankruptcy lawyer. No one else has the ability to file a bankruptcy for you. You cannot declare bankruptcy through a lawyer, an accountant or a debt consultant unless they are also a trustee in…

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Is Filing Bankruptcy in Canada a Good Option for Tax Debt?

 06 Feb 2013
tax debt and bankruptcy

We continue our Good Debt Relief Options series today by talking about bankruptcy and tax debt.  If you owe money to the Canada Revenue Agency, or worse have already received a Requirement to Pay or had your bank account frozen, will bankruptcy help? What other bankruptcy alternatives may be best for tax debts. Most people don’t realize…

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Is Filing Bankruptcy in Canada a Good Option for Seniors?

 27 Nov 2012

The second in our series on Good Debt Relief Options – today we will talk about seniors and bankruptcy.  We  will look at how seniors are affected by debt, whether bankruptcy is a good debt relief option and what other bankruptcy alternatives may be best for seniors. Like many Canadians,…

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Is Filing Bankruptcy In Canada A Good Option for Student Loans

 20 Nov 2012
bankruptcy and student loan debt

Student loans and bankruptcy in Canada is a confusing topic.  Will my student loans be discharged in a bankruptcy or not?  What is the 7 year rule for student loans and bankruptcy about?  Can I declare bankruptcy with student loans?  In looking at your debt relief options, we will tackle the…

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After Filing Bankruptcy in Canada, How Long will it be on my Credit Report?

 07 Nov 2012
bankruptcy credit score

How long will bankruptcy show on credit reports in Canada for the first time bankrupt after receiving a bankruptcy discharge? There are two large credit reporting agencies in Canada: Equifax and Trans Union.  Unfortunately neither of them is very forthcoming with regards to their credit reporting practices. A few years…

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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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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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4 Sure Fire Signs You are Heading for Bankruptcy in Canada

 19 Mar 2012

As a bankruptcy trustee in Canada with over twenty years of experience, there are four sure fire, obvious warning signs that you are heading for bankruptcy in Canada. Collection calls all day and night: When you get behind on your bills, the bill collectors start calling.  And calling.  And calling….

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