FIND OUT IF BANKRUPTCY OR
A PROPOSAL IS RIGHT FOR YOU. For a CONFIDENTIAL
Self Evaluation: Click here.
One of the main purposes of Bankruptcy 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, 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 Bankruptcy 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. Bankruptcy gives a person a relatively quick "fresh start".
A 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 Bankruptcy 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 bankruptcy in your area a question.
We have all the Bankruptcy Exemptions or assets you can keep in a bankruptcy for each province and territory.
When you are ready to see a Bankruptcy Trustee we have a listing of Bankruptcy Trustees in all provinces, who will provide a FREE Consultation.
DISCLAIMER: The information on the BankruptcyCanada.com web site is provided with the understanding that the authors and publishers are not herein engaged in rendering legal, insolvency, tax, or other professional advice and services. As such, it should not be used as a substitute for consultation with professional insolvency, tax, legal or other competent advisers. While we have made every attempt to ensure that the information contained in this web site has been obtained from reliable sources, BankruptcyCanada.com is not responsible for any errors or omissions, or for the results obtained from the use of this information.
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