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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 question

I am considering going into bankruptcy, but at the same time I am expecting to be funded by Employment canada to enter into a retraining course, im unsure if it is possible to recieve govt funding for training and going into bankruptcy at the same time?
Is this allowed?

Posted from: Ontario

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One Response to “Bankruptcy question”

A licensed trustee said...

Yes, you may receive retraining dollars if you have filed for bankruptcy – the two things have nothing to do with each other. The retraining dollars are available if you meet the unemployment criteria – bankruptcy is not a factor that they consider.