is it possible to file bankruptcy on secured debt but still have unsecured debt?
Posted from: Alberta

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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),
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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:
one of my good friend was working with this company for 3 years not knowing that she did not declare taxes so my friend get auidedand have to pay a large amount of money can she apply for bankruptcy and what are the procedure
Posted from: Alberta
I sold a house approximately 7 months ago and received some equity from the home which I have disbursed. Do I have to disclose this? If so, what are the ramifications?
Posted from: Ontario
how do i calculate surplus income for two adults and one child
Posted from: Nova Scotia
Is it possible to file for bankruptcy at the first meeting with the trustee?
Posted from: Ontario
Can I declare bankruptcy even i am employed full time
Posted from: Ontario
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 […]



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