Can I declare bankruptcy even i am employed full time
Posted from: Ontario

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Bankruptcy: Eliminate Your Debt and Get a Fresh Start
Read our book on filing personal bankruptcy in Canada.
Are you thinking of filing bankruptcy but are not sure if that is the right choice in your situation? - Here is what you need to know, for start: Filing personal bankruptcy in Canada allows you to eliminate most debts, and get a fresh start. Once you file bankruptcy, collection calls and wage garnishments stop, and you can begin rebuilding your financial life.
For details on filing bankruptcy and bankruptcy process in Canada:
- read the answers to the most common personal bankruptcy in Canada questions (see below),
- watch our videos on personal bankruptcy in Canada,
- visit the personal bankruptcy Canada blog for answers to your specific questions on bankruptcy.
Most Frequently Asked Questions on Personal Bankruptcy in Canada:
- What is Personal Bankruptcy in Canada?
- What am I required to do while I am bankrupt?
- How Long Will I Be Bankrupt in Canada?
- What happens to my debts when I go bankrupt in Canada?
- Will tax debts and Revenue Canada debts be discharged in a bankruptcy in Canada?
- Does Filing for Bankruptcy Affect My Spouse?
- Who will know that I filed bankruptcy in Canada?
- What Are the Causes of Bankruptcy in Canada?
- How Many People Go bankrupt in Canada?
- What is the Bankruptcy and Insolvency Act?
- What is surplus income?
- Should I Feel Guilty If I Go Bankrupt?
To ask a question about bankruptcy in Canada:
- Post an anonymous question about bankruptcy to our blog.
- Request a free evaluation of your situation to get an expert's opinion about whether or not personal bankruptcy is the right answer for you.
- Email your question to a bankruptcy trustee in your area.
You can also contact a trustee near you for a consultation: your first meeting will be free of charge or obligation.
The latest bankruptcy questions, with our experts' responses:
Separated, paid mortgage until now, but unable to continue thinking of bankrupt or surrender house back to the bank, do I still have to go bankrupt?
Posted from: Alberta
We have just found out our daughter is planning her wedding for August of 2010 and it is the parents responsibility to pay for the most part, would this be an exemption.
Posted from: Alberta
I have family debt as well as comsumer debt. Can I not include family debt in the bankrutpcy?
Posted from: British Columbia
I understand from the answer for a former question that if I filed for bankruptcy and I am not discharged but my trustee is discharged, all my debts are reinstated and creditors can pursue me. Does it mean that I am not under bankruptcy protection anymore so I am not considered bankrupt? If this is […]
After claiming bankruptcy can it be reversed to a debt settlement?
Posted from: Ontario
I filed for bankruptcy in January 2007 due to two years of unemployment and death in the family. I had no assets, I completed all requirements such as two counselling sessions and paid my trustee the required fee. I was not discharged after nine months as the trustee could not acquire full details from one […]
I co-signed for my daughter-in laws van. My son has made all the payments and isnt on the loan. They are getting a divorce and she is filing for bankrupsy. Will I be responsible to pay off the van? Will my son keep it? He hasnt missed a payment..Thanks..christine bailey(bitchbailey@hotmail.com) my email…
Posted from: Ontario
During the declaration of possesions, do I have to declare my wife`s personal belongings like jewelries and fur which were possesed before we got married or given to her as gifts by the relatives? If so, will those things be taken by the trustee?
Posted from: Alberta
My wife and I have some credit card debt four years ago, we had been live outside Canada since then, do we still need file bankruptcy when we return to Canada? Thanks.
Posted from: Ontario



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