Home Archive by category 'Personal Bankruptcy' (Page 16)

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.

Co-signers and Bankruptcy in Canada

03 Aug 2011

What happens to a co-signer if you file bankruptcy in Canada? Here’s a common example: I get my parents, or a friend or relative to co-sign when I get a car loan (because my credit isn’t good enough to qualify on my own). Then I lose my job and the…

Canada Bankruptcy Trustees Work For The Creditors, Right?

18 May 2011

Wrong. It’s a common myth that a bankruptcy trustee works only for the creditors. This is a myth most often spread by “debt consultants”. This is not to say debt consultants are bad. In fact many accountants, not-for-profit credit counsellors and others help people deal with their debts, and that’s…

Why do I need a trustee to file Bankruptcy in Canada?

16 May 2011

Why would I want to talk to a bankruptcy trustee? Can’t I file bankruptcy in Canada without a trustee? No, bankruptcy in Canada is a legal process, so to file bankruptcy you require the services of a licensed bankruptcy trustee. But won’t a trustee just try to talk me into…

Your Trustee Files Your Bankruptcy Documents

15 Apr 2011

Your trustee is responsible for meeting with you during your free initial consultation, preparing your paperwork, and then meeting with you to sign the documents. Once you have signed all of the documents, the trustee will witness your signature, and then transmit the documents to the government. All bankruptcy documents in Canada…

Signing Your Bankruptcy Documents

15 Apr 2011

In our guide 10 Steps to Filing Bankruptcy in Canada, part of the process (steps 4 and 5) involves preparing and signing the necessary bankruptcy documents. Your trustee will prepare all the necessary bankruptcy forms from the information you provided during and just after your initial interview. You will then…

Debts – What I Owe

05 Apr 2011

There are three essential facts you need to know before you decide to file for bankruptcy in Canada. The first is you need to know where your money goes each month (from your budget). Then you need to know what you own (your assets), and what you owe. In this…

Assets – What You Own

02 Apr 2011

10 Steps To Filing Bankruptcy in Canada

23 Feb 2011

Filing bankruptcy in Canada is a ten step process. The steps to claim bankruptcy in Canada are relatively simple. Here is how to file bankruptcy in Canada, step by step: Decide that you need help. Up until now you have dealt with your debts on your own; why are you…

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