1-888-823-8239

Bankruptcy: Eliminate Your Debt and Get a Fresh Start

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.

Learn about the bankruptcy process & then contact a trustee

Contact a trustee near you for a free consultation: your first meeting will be free of charge or obligation.
If you are looking for more information about filing Bankruptcy in the United States please visit Bankruptcy America.

The latest bankruptcy questions, with our experts' responses:

If I get my mother to put a mortgage on my home just prior to claiming bankruptcy so that I don’t have any equity in my home in order to keep it. Is that ok? Posted from: Ontario

Filed under: Bankruptcy
Posted on Monday, September 22, 2014
box listanswered by Doug Stuive, CA | Trustee | CIRP @ 12:55 pm 1 Comment

Retirement and Bankruptcy - I had to retire early due to my health and now am going to have trouble paying my debt of 17 thousand dollars in credit card debt. what is my best option . Lost and scared Posted from: Ontario

Filed under: Bankruptcy
Posted on Wednesday, September 3, 2014
box listanswered by Jillian Taylor-Mancusi, Trustee | B.A. | C.I.R.P @ 3:53 pm 1 Comment

Division of Marital Property in Bankruptcy - If my ex claims bankruptcy but there is an order of the court to pay me costs of 20,000 to be offset by me not paying child support. Does that get effected by her bankruptcy? Posted from: Ontario

Filed under: Bankruptcy
Posted on Wednesday, September 3, 2014
box listanswered by Jillian Taylor-Mancusi, Trustee | B.A. | C.I.R.P @ 3:49 pm 1 Comment

My boyfriend is planing to claim bankruptcy. I am an employee of the bank in which we have a joint account and line of credit. Would that effect me and my empoyment with my banking institution……if i pay of the line and close our joint accaunt, would that change the situation , after that fact […]

Filed under: Bankruptcy
Posted on Tuesday, August 26, 2014
box listanswered by Jillian Taylor-Mancusi, Trustee | B.A. | C.I.R.P @ 2:33 pm 1 Comment

The questions that I have are: Is the set amount for a single claimant still $1870 What can be claimed on a budget If your budget amount per month is less than the $1870 is the amount less than $1870 treated as surplus income Posted from: Alberta

Filed under: Bankruptcy
Posted on Monday, August 11, 2014
box listanswered by Barton Goth, Trustee @ 2:10 pm 1 Comment

Is the only deduction allowed to calculate any surplus income the income tax deductions that comes off my earning? Are the amounts for C.P.P. and E.I. also taken off when considering any surplus income? Also, I have medical insurance (started as Blue Cross many years ago) that is automatically withdrawn from my account….would that premium […]

Filed under: Bankruptcy
Posted on Wednesday, August 6, 2014
box listanswered by Jillian Taylor-Mancusi, Trustee | B.A. | C.I.R.P @ 11:59 am 1 Comment

After selling a property how long do we have to wait to declare bankruptcy without the sale afecting us . Posted from: Alberta

Filed under: Bankruptcy
Posted on Wednesday, August 6, 2014
box listanswered by Barton Goth, Trustee @ 11:56 am 1 Comment

My partner went into a consumer proposal and I had to declare bankruptcy. I lost my job 4 months later and have no income. Does my partner have to submit his paystubs when calculating surplus income ? If he is in a proposal agreement and I have no income how is this calculated? Posted from: […]

Filed under: Bankruptcy
Posted on Friday, August 1, 2014
box listanswered by Barton Goth, Trustee @ 10:56 am 1 Comment

how long does a dis-charge take for bankruptcy Posted from: Ontario

Filed under: Bankruptcy
Posted on Thursday, July 24, 2014
box listanswered by Jillian Taylor-Mancusi, Trustee | B.A. | C.I.R.P @ 7:30 am 1 Comment

Bankruptcy a buying a car - My husband and I are looking into filing for bankruptcy. We currently have no assets other than our car, but there is a loan attached and the payments are quite expensive and would probably need to be included in the bankruptcy. Is there a way where we would be allowed […]

Filed under: Bankruptcy
Posted on Tuesday, July 8, 2014
box listanswered by Jillian Taylor-Mancusi, Trustee | B.A. | C.I.R.P @ 11:20 am 1 Comment