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Welcome To Bankruptcy Canada

Are debts overwhelming you? There are solid solutions. Over 100,000 Canadians have found reliable information here about Bankruptcy and Consumer Proposal, and about contacting a friendly, local Trustee. You don’t need to go through it alone or feel embarrassed – the future is brighter than you think.

Frequently Asked Questions About Bankruptcy in Canada

  • What Happens To My House after Filing Bankruptcy?

    While the laws are slightly different in each province, the basic concept is the same. You can’t keep a house in bankruptcy if you have a lot of equity in it at the time when you go bankrupt.  Read More

  • How Long Will I Be Bankrupt in Canada?

    Several factors affect the length of you being bankrupt in Canada. Your bankruptcy ends when you receive a discharge, the event that actually cancels your debts. Most bankrupts in Canada are eligible for discharge after the minimum period of nine months. Your bankruptcy will last for more than nine months if the bankruptcy court orders your bankruptcy extended. Read More

  • What Happens to My Debts when I Go Bankrupt in Canada?

    What happens to your debts when you go bankrupt in Canada is a complex question. It depends on the type of debt, and in some cases on your payment status. There are actually some debts that stay, even in bankruptcy.
    Read More

  • Does Filing for Bankruptcy in Canada Affect My Spouse?

    Filing for bankruptcy in Canada does not directly affect your spouse. Your debts are your debts; only you are responsible for them. If you go bankrupt, your debts are discharged. Your husband or wife or common-law spouse is NOT responsible for your debts. Read More

  • What Can I Keep if I go Bankrupt in Canada?

    You can keep some of your possessions when you file for bankruptcy. These assets are called bankruptcy exemptions, because they are exempt from seizure by your Licensed Insolvency Trustee. Read More

  • What is a Consumer Proposal?

    A consumer proposal is an alternative to declaring personal bankruptcy. It’s an arrangement that’s negotiated with your creditors through a consumer proposal administrator (who is also a Licensed Insolvency Trustee).  Read More

Is Bankruptcy Right for you? Get a Free Evaluation

Learn About Your Options

Here you can get free help & advice from some of Canada’s best and most experienced Licensed Insolvency Trustees and consumer proposal administrators.


  1. “Each trustee was courteous and respectful, never making me feel incapable, and answered all of my questions, even suggesting a far more operative solution to my problems over going bankrupt. A very good and informative experience.”

    Shane C
    “I made the experience to get the most ,respectful, provided and completed description for my
    case.Allways focused on the fact ,with, I hope for my case. Turning 73 years of age, paying 185,- monthly,,- for 60 months= 5 years,,still feeling very anxious!!

    Helmtraude G

    “the gentleman that helped me was very knowledgeable and answered all my questions and gave me some good advice. I needed some questions answered about bankrupsty as a senior with limited income & credit card debit ”

    Janet S
  2. “Obviously when anyone is in this type of situation we are nervous, scared and feeling down on ourselves. I would have to say that I have had great help with this whole process and that they have been nothing friendly and accommodating in every way. Having good support is what we need when we are learning how to manage our finances properly and learn to do better than we have always done.”

    Stephanie Y

    “Dear (s) Mr. (s) Only I would like to thank you for the attention, for my declaration to be without funds for payments due to be absent from Canada, due to illness in the family”

    Carlos A

    I was happy with the information I received. At the time of the initial call my cordless phone was dying. We tried to get all relevant information across to each other before it died. I had several questions after thinking for a while after our call ended and have not been able to get a hold of ‘Jane’ since our first call over a week ago. I wish to declare bankruptcy but have not had my phone call messages returned.

    Laura M