FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

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If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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Declaring Bankruptcy

Not knowing the new changes in the bankruptcy act, should declaration be made in 2005 (this week) or in the new year?

Which is better for the debtor?

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One Response to “Declaring Bankruptcy”

A licensed trustee said...

It is highly unlikely that the new bankruptcy rules contained in Bill C-55 will come into force before June 30, 2006, so it is not necessary to declare bankruptcy before 2005 ends. Whether you should wait to file personal bankruptcy will depend on your situation. You could read our report on bankruptcy reform here or a more detailed article on bankruptcy reform here.