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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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Bankruptcy with pending criminal charges.

Can somebody declare bankruptcy when they have been charged and not yet tried?

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One Response to “Bankruptcy with pending criminal charges.”

Barton Goth GCO Bankruptcy Trustees said...

There is nothing that prevents someone with criminal charges pending from filing bankrutpcy, but this does not mean that these charges will be cleared by doing so.

Section 178 of the Bankrutpcy and Insolvency Act stipulates certain types of debts that are not released by filing bankrutpcy and includes fines and penalties imposed by court for criminal or quasi-criminal acts.

To determine how the charges in question will be treated you would be best to cotnact a local trustee directly.