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Welcome to the #1 Canadian Bankruptcy Site. All your questions about bankruptcy and consumer proposals will be answered here.What does a bankruptcy cost and how long will I be in bankruptcy? What assets can I keep? What debts are erased? How does a bankruptcy work? How does a consumer proposal work? Will I ever get credit again? FAQ's? Ask a Trustee? Get our Free Bankruptcy Book.
Click on the map to find bankruptcy trustees: Get a Free Evaluation to Find your Options for a Debt Free Life, by filling out this Form TODAY:
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. 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 bankruptcy and reestablishing your credit. We have a list of After Bankruptcy Lenders who will give serious consideration to your loan application, knowing you have completed bankruptcy or a proposal. 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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Which is better; a bankruptcy or a consumer proposal?
