Bankruptcy
Debt forgiveness for when you cannot repay your debts.
Debt forgiveness for when you cannot repay your debts.
We examine how bankruptcy affects your credit options and show you an easy way to get a credit card after bankruptcy in Canada.
A consumer proposal and bankruptcy are two popular legally binding debt forgiveness programs in Canada, but there are significant differences.
You can declare bankruptcy in Canada and keep your vehicle. Each province or territory has exemptions for your motor vehicle up to a specific value.
Discover the true cost of bankruptcy and what you can expect to pay. Learn about administrative costs, surplus income payments, and assets.
Bankruptcy shouldn’t be a scary experience. Learn what happens when you file for bankruptcy in Canada with a Licensed Insolvency Trustee.
If you’ve exhausted all other options, filing for bankruptcy is sometimes the best way to stop the rot. Explore the pros and cons of filing for bankruptcy in Canada.
You can complete a first-time bankruptcy in just nine months if you fulfil your bankruptcy duties and there are no objections to your discharge.
A stay of proceedings in Canada provides immediate protection from your creditors during your bankruptcy or consumer proposal.
Learn how to file bankruptcy in Canada with this comprehensive guide on the bankruptcy process and what to expect after you file.
Being discharged from bankruptcy means you are released from your debts. Find out more about bankruptcy discharge and how to be discharged.
Joint bankruptcy can make sense if you have shared debts. This guide examines how to file for joint bankruptcy and its advantages and disadvantages.
You might need a bankruptcy trustee if you are in financial trouble. Learn what a bankruptcy trustee does and their role in providing debt advice.
Who pays for bankruptcies in Canada? Is it taxpayers, the government or someone else? This guide looks at the costs involved.
A BIA Insolvency Counsellor works alongside a Licensed Insolvency Trustee providing insolvency counselling.
When you file bankruptcy, you keep some of your assets. Items like furniture, personal effects, work tools and savings plans can be safeguarded, as well as your house and vehicle.
In most cases, bankruptcy won’t affect your employment, but there are some exceptions, and some industries require you to disclose this information.
If you file for bankruptcy or enter into a consumer proposal, you must undertake two financial counselling sessions as part of the Insolvency Counselling Program.
Nobody wants a private matter like bankruptcy to become public knowledge, but the truth is only a handful of people will ever know.
Bankruptcy doesn’t affect your spouse or common-law partner unless you have a co-signed loan, shared debts, or guaranteed payment of a debt.
