Bankruptcy Canada - Canadian Bankruptcy Information.
Welcome to Canada's #1 Bankruptcy Site. All your questions about
bankruptcy and consumer proposals will be answered here:
- How bankruptcy works. Get the straight facts in plain English.
- What is the cost and how long will I be in bankruptcy?
- FAQs .
- What debts are written off?
- What can I keep?
- View our Videos.
- Do I Choose a Bankruptcy or a Consumer Proposal?
- The steps in a bankruptcy. - PowerPoint presentation.
- The steps in a consumer proposal. - PowerPoint presentation.
- Meeting with the Trustee. Audio/Visual. Requires Flash.
- Ask a Trustee. If you still have questions you can ask me. It's confidential.
When you're ready to stop creditor harassment and get a Fresh Financial Start, please contact us.
Search for Bankruptcy Trustees by Province or Territory.
Click on the map to find Canadian trustees in bankruptcy:
One of the main purposes of Insolvency Law is to give a person, who is hopelessly burdened with debt, a fresh start by wiping out his or her debts.
The objective of this website is to provide the person, thinking about declaring bankruptcy or filing a consumer proposal, the information he or she needs to make an informed decision. You will then have a good understanding of what the law allows when you meet with your Trustee.
A Bankruptcy wipes out all a person's eligible debts usually within nine months. In the vast majority of cases the debtor has no assets that he or she would lose.This gives a person a relatively quick fresh start.
A Consumer Proposal is for people who want to pay off a portion of their debts (Say 20 or 30 percent) over a period of usually three to five years.
Visit our FAQ's, which will answer most of your questions.
If your questions are still not answered we have an Ask a Trustee feature so you can ask a trustee in your area a question.
We have all the Exemptions or assets you can keep in a bankruptcy for each province and territory.
When you are ready to see an Insolvency Professional we have a listing of Trustees in all provinces, who will provide a FREE Consultation.
Also check out our information on Credit Ratings and how you can get a FREE credit report.
We also have tips on how to get a credit card after you are discharged and reestablishing your credit. We have a list of Lenders who will give serious consideration to your loan application, knowing you have completed bankruptcy or a proposal.