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.

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…

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Need To File Bankruptcy Quickly? How Fast Can It Be Filed?

 29 Jun 2015
emergency bankruptcy garnishment

You may find yourself needing the legal protection that a bankruptcy provides if a creditor is taking legal action against you.  Odds are, you want this to happen quickly to stop the creditor from pursuing you further. One key benefit to filing a personal bankruptcy (or consumer proposal) is that…

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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…

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How Does Bankruptcy in Quebec Differ?

 18 May 2015
bankruptcy quebec

It has long been known that Quebec is somewhat different that the rest of the Canadian Federation, but how does this difference impact a bankruptcy proceeding? At first it is very important to remember that Quebec works within the Civil Law tradition, whereas the rest of Canada falls under the…

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In Doubt About Talking To A Bankruptcy Trustee?

 04 May 2015
debt warning signs

Sun Tzu is given credit for stating, “If there is doubt then there is no doubt”.  If you think you “may need” to speak to a trustee – then you do need to speak to a bankruptcy trustee.  Sorry, but it is that simple. We are all very good at convincing ourselves…

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More Tax Considerations Of A Bankruptcy In Canada

 20 Apr 2015
Canada taxes bankruptcy

Most people get into financial trouble at some point in their lives. Many are able to work their way through their difficulties and recover. Some cannot, and they often end up filing for personal bankruptcy. The good news for these people is that bankruptcy deals with tax debts, as well…

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Common Debts Included In Personal Bankruptcy

 23 Mar 2015
debts included in bankruptcy

When looking at the reasons people file bankruptcy in Canada, similarities begin to emerge. Job loss, income reduction, illness and divorce are some of the most often cited reasons.  But did you know that who you owe and how you accumulate debt can be a risk factor as well?  We know…

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What You Keep Or Lose In Bankruptcy in Canada: Infographic

 09 Mar 2015

What you keep or lose in a bankruptcy is governed by both the Bankruptcy and Insolvency Act and provincial legislation. While each province has unique legislation, our infographic explains some of the key similarities in how your assets can be treated if you file for bankruptcy in Canada. You can…

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Secured Debts In Bankruptcy: How Does It All Work?

 23 Feb 2015
Secured Debts Bankruptcy Canada

Most potential bankrupts who own a home or have a car owe money to a secured lender against those assets. We’ll explore how this affects how these assets, and their debts, are dealt with in a bankruptcy or consumer proposal in Canada. What are Secured Debts? Secured debts are those debts…

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Recovering From Unexpected Financial Events

 09 Feb 2015
emergency fund

It can happen to the best of us. More than that, it does. Regularly. Responsible, financially solvent people leading productive, fruitful lives suddenly find themselves saddled with unexpected expenses that can bring them to their knees because they weren’t properly prepared for them. These are the stomach-curdling episodes. Things like a sudden…

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