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Bankruptcy Ontario: Find a Trustee

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Benefits of Bankruptcy/Consumer Proposal in Ontario

If you are either considering or facing bankruptcy, it may be time to take the next step. Have you found a bankruptcy trustee in Ontario yet? This is key in going through the process of exploring your options. Learn more about if you should file, how you should file and whether or not credit counseling or a consumer proposal would be a better route, and how to file for bankruptcy in Ontario.

With the help of a Licensed Insolvency Trustee, Ontario residents can confidently go through the process of debt resolution, knowing they’re on the path to rebuilding a sense of financial stability in their lives.

Here we present the benefits of declaring a bankruptcy in Ontario so you’re better informed for taking the right step towards resolving your debt issues. Let’s get started! 

Why File for Bankruptcy in Ontario?

Filing for bankruptcy may not be the best bet for all individuals going through a debt crisis. However it has some advantages, listed below:

  1. No annoying phone calls from collectors

Bankruptcy is a legal procedure which means that your unsecured creditors must accept it. An automatic ‘stay of proceedings’ prohibits them from harassing you for payments by way of calls or any other correspondences. They cannot enforce any court action, which means that any lawsuits initiated by them or any other action like freezing of your bank accounts will stop immediately after the automatic stay. In addition it also stops wage garnishments, foreclosures, and evictions. 

  1. Does not affect your spouse 

If your debts are yours alone, then filing for bankruptcy will not affect your spouse or their credit rating. However it’s best to seek counsel from an insolvency trustee in case of any extraordinary circumstances.

  1. Comparatively low-cost option that allows you to keep your car and exempt property Bankruptcy exemptions allow you to keep all exempt property in the event that you file for bankruptcy. In addition, it’s a comparatively low-cost option as the cost of filing for bankruptcy doesn’t depend on how much you owe your unsecured creditors, no matter how large the amount may be. 

However, if you have nonexempt property, it will be sold by your insolvency trustee and the proceeds will be used to pay off your creditors. If you’re considering a consumer proposal vs. bankruptcy in Ontario, remember that the former allows you to keep more assets and impacts your credit score less severely. Ultimately though, it depends on your unique situation and it’s best to seek expert guidance from an insolvency bankruptcy trustee in Ontario. 

Licensed Insolvency Trustees in Ontario

Our licensed insolvency trustees in Ontario are experts on debt settlement in Ontario. They are licensed by the federal government and specialize in both bankruptcy and alternatives to bankruptcy, like Consumer Proposals.

Fill out the form so one of our expert local insolvency trustees can reach out to you and answer for free any of your questions regarding bankruptcy in Ontario or Ontario bankruptcy law.

Follow these easy instructions to get help:
1. Look at the list below to find the city, or location, nearest you
2. Call the phone number to book a free, confidential, no-obligation consultation
3. You’ll be put in touch with a debt relief specialist who will explain all options to help you
4. Your meeting will initially take place on the phone or online

Acton

Sponsored By:
Bromwich & Smith Inc.
Address:
2233 Argentia Road, Suite 302, East Tower, Mississauga, ON L5N 6A6
Phone:
888-260-5860
 

Ajax

Sponsored By:
Bromwich & Smith Inc.
Address:
105 Consumers Drive, Whitby, ON L1N 1C4
Phone:
888-260-5860
 

Ancaster

Sponsored By:
Bromwich & Smith Inc.
Address:
21 King St W 5th floor, Hamilton, ON L8P 4W7
Phone:
888-260-5860
 

Arnprior

Sponsored By:
MNP Ltd.
Address:
141 John Street North, Unit 1, Arnprior, ON, K7S 3H3
Phone:
343-700-5768
 

Aylmer

Sponsored By:
Bromwich & Smith Inc.
Address:
380 Wellington Street, Tower B, 6th Floor, London, ON N6A 5B5
Phone:
888-260-5860
 

Barrie

Sponsored By:
Bromwich & Smith Inc.
Address:
Barrie, ON
Phone:
888-261-9345
 

Beamsville

Sponsored By:
Bromwich & Smith Inc.
Address:
21 King Street West, 5th Floor, Hamilton, ON L8P 4W7
Phone:
888-260-5860
 

Belleville

Sponsored By:
Bromwich & Smith Inc.
Address:
Belleville, ON
Phone:
888-261-9345
 

Binbrook

Sponsored By:
Bromwich & Smith Inc.
Address:
21 King Street West, 5th Floor, Hamilton, ON L8P 4W7
Phone:
888-260-5860
 

Bracebridge

Sponsored By:
MNL Ltd.
Address:
Bracebridge, ON
Phone:
705-999-0070
 

Brampton

Sponsored By:
MNP Ltd.
Address:
152 Queen St. E, Brampton, ON, L6W 1B2
Phone:
647-699-3530
 

Brantford

Sponsored By:
MNP Ltd.
Address:
217 Terrace Hill St, Suite 102, Brantford, ON, N3R 1G8
Phone:
226-400-2191
 

Brockville

Sponsored By:
MNP Ltd.
Address:
46-48 King Street East, 2nd floor, Brockville, ON, K6V 5V6
Phone:
613-704-5331
 

Burlington

Sponsored By:
MNP Ltd.
Address:
2289 Fairview Street, Suite 424, Burlington, ON, L7R 2E3
Phone:
289-799-3106
 

Caledonia

Sponsored By:
MNP Ltd.
Address:
103 Inverness Street, Caledonia, ON, N3W 1B1
Phone:
289-799-3106
 

Cambridge

Sponsored By:
MNP Ltd.
Address:
73 Water Street N., Suite 600, Cambridge, ON, N1R 7L6
Phone:
226-887-0885
 

Carleton Place

Sponsored By:
Bromwich & Smith Inc.
Address:
343 Preston Street, 11th Floor, Ottawa, ON K1S 1N4
Phone:
888-260-5860
 

Chatham

Sponsored By:
MNP Ltd.
Address:
40 Centre Street, Suite 301, Chatham, ON, N7M 5W3
Phone:
226-798-0899
 

Collingwood

Sponsored By:
Bromwich & Smith Inc.
Address:
Collingwood, ON
Phone:
888-261-9345
 

Cornwall

Sponsored By:
MNP Ltd.
Address:
26 Montreal Road, Unit 1, Cornwall, ON, K6G 5T1
Phone:
855-910-6773
 

Dundas

Sponsored By:
Bromwich & Smith Inc.
Address:
Dundas, ON
Phone:
888-260-5860
 

Etobicoke

Sponsored By:
Bromwich & Smith Inc.
Address:
Suite 302 & 303, 2233 Argentia Rd, Mississauga, ON L5N 2X7
Phone:
888-260-5860
 

Exeter

Sponsored By:
MNP Ltd.
Address:
370 Main Street South, Exeter, ON
Phone:
226-271-1105
 

Fort Erie

Sponsored By:
MNP Ltd.
Address:
168 Garrison Road, Fort Erie, ON, L2A 1M4
Phone:
289-271-9692
 

Gananoque

Sponsored By:
MNP Ltd.
Address:
945 Princess Street,Unit 1, Kingston, ON, K7L 0E9
Local appointments available in Gananoque.
Phone:
613-900-5743
 

Grimsby

Sponsored By:
MNP Ltd.
Address:
18 Elm Street, Grimsby, ON, L3M 1H3
Phone:
888-744-1718
 

Guelph

Sponsored By:
MNP Ltd.
Address:
490 York Road, Suite A110, Guelph, ON, N1E 6V1
Phone:
226-780-4453
 

Hamilton

Sponsored By:
MNP Ltd.
Address:
340 York Boulevard, Hamilton, ON, L8R 3L2
Phone:
289-768-2588
 

Hamilton Centre Mall

Sponsored By:
MNP Ltd.
Address:
350 Kenilworth Avenue North, Suite 206, Hamilton, ON, L8H 4T3
Phone:
289-768-2590
 

Hamilton Mountain

Sponsored By:
MNP Ltd.
Address:
153-905 Rymal Rd E, Hamilton, ON L8W 3M2
Phone:
289-768-2460
 

Kanata

Sponsored By:
Bromwich & Smith Inc.
Address:
343 Preston Street, 11th Floor, Ottawa, ON K1S 1N4
Phone:
888-260-5860
 

Kapuskasing

Sponsored By:
MNP Ltd.
Address:
Kapuskasing, ON
Phone:
705-805-4555
 

Kenora

Sponsored By:
LCTaylor
Address:
225 Main Street S., Kenora, ON, P9N 1T2
Phone:
855-562-2011
 

Kingston

Sponsored By:
MNP Ltd.
Address:
945 Princess Street, Unit 1, Kingston, ON, K7L 0E9
Phone:
613-900-5743
 

Kitchener

Sponsored By:
MNP Ltd.
Address:
300-10 Duke Street West, Kitchener, ON, N2H 3W4
Phone:
226-887-1055
 

Lindsay/Kawartha Lakes

Sponsored By:
Bromwich & Smith Inc.
Address:
Kawartha Lakes, ON
Phone:
888-260-5860
 

Lindsay-Sturgeon Lake

Sponsored By:
Bromwich & Smith Inc.
Address:
Sturgeon Lake, ON
Phone:
888-260-5860
 

Listowel

Sponsored By:
MNP Ltd.
Address:
105 Elizabeth St. West, Suite 205, Listowel, ON, N4W 1C8
Phone:
888-827-5422
 

London East

Sponsored By:
MNP Ltd.
Address:
905 Oxford Street East, London, ON, N5Y 3J8
Phone:
226-271-1125
 

London – Fullarton St.

Sponsored By:
MNP Ltd.
Address:
1002-148 Fullarton Street, London, ON, N6A 1H8
Phone:
226-271-6021
 

London South

Sponsored By:
MNP Ltd.
Address:
101-1069 Wellington Rd. S, London, ON, N6E 2H6
Phone:
226-271-1105
 

London West

Sponsored By:
MNP Ltd.
Address:
747 Hyde Park Rd, Suite 107, London, ON, N6H 3S3
Phone:
226-271-2140
 

Midland

Sponsored By:
MNP Ltd.
Address:
Midland, ON
Phone:
705-999-0070
 

Markham

Sponsored By:
Bromwich & Smith Inc.
Address:
Markham, ON
Phone:
888-260-5860
 

Milton

Sponsored By:
MNP Ltd.
Address:
107 Martin Street, Suite 204, Milton, ON, L9T 2R3
Phone:
289-799-3106
 

Mississauga

Sponsored By:
MNP Ltd.
Address:
50 Burnhamthorpe Road West, Suite 801, Mississauga, ON, L5B 3C2
Phone:
289-769-9167
 

Morrisburg

Sponsored By:
MNP Ltd.
Address:
26 Montreal Road, Unit 1, Cornwall, ON, K6G 5T1
Local appointments available in Morrisburg.
Phone:
855-910-6773
 

Mount Forest

Sponsored By:
MNP Ltd.
Address:
2-248 Main Street, Mount Forest, ON, N0G 2L2
Phone:
888-827-5422
 

Newmarket

Sponsored By:
Bromwich & Smith Inc.
Address:
Newmarket, ON
Phone:
888-260-5860
 

Niagara Falls

Sponsored By:
MNP Ltd.
Address:
3714 Portage Road, Niagara Falls, ON, L2J 2K9
Phone:
855-965-2111
 

North York

Sponsored By:
Bromwich & Smith Inc.
Address:
45 Sheppard Ave. E. Suite 900 North York, On M2N 5N1
Phone:
888-260-5860
 

Oakville

Sponsored By:
MNP Ltd.
Address:
407 Speers Road, Unit 203D, Oakville, ON, L6K 3T5
Phone:
289-799-3106
 

Orangeville

Sponsored By:
Bromwich & Smith Inc.
Address:
Orangeville, ON
Phone:
888-260-5860
 

Orillia

Sponsored By:
Bromwich & Smith Inc.
Address:
Orillia, ON
Phone:
888-260-5860
 

Orleans

Sponsored By:
Bromwich & Smith Inc.
Address:
343 Preston Street, 11th Floor, Ottawa, ON K1S 1N4
Phone:
888-260-5860
 

Oshawa

Sponsored By:
Bromwich & Smith Inc.
Address:
105 Consumers Drive, Whitby, ON L1N 1C4
Local Appointments Available in Oshawa
Phone:
888-260-5860
 

Ottawa

Sponsored By:
Bromwich & Smith Inc.
Address:
343 Preston Street, 11th Floor, Ottawa, ON K1S 1N4
Phone:
888-260-5860
 

Owen Sound

Sponsored By:
MNP Ltd.
Address:
345 8th Street East, Suite 201 Owen Sound, ON N4K1L3
Phone:
888-827-5422
 

Pembroke

Sponsored By:
MNP Ltd.
Address:
545 Pembroke Street West, 2nd floor, Pembroke, ON, K8A 5P2
Phone:
343-700-5768
 

Perth

Sponsored By:
MNP Ltd.
Address:
46-48 King Street East, 2nd floor, Brockville, ON, K6V 5V6
Local appointments available in Perth
Phone:
613-704-5331
 

Petawawa

Sponsored By:
MNP Ltd.
Address:
545 Pembroke Street West, 2nd floor, Pembroke, ON, K8A 5P2
Local appointments available in Petawawa.
Phone:
343-700-5768
 

Peterborough

Sponsored By:
Bromwich & Smith Inc.
Address:
Peterborough, ON
Phone:
888-261-9345
 

Port Colborne

Sponsored By:
MNP Ltd.
Address:
84 West Street, Port Colborne, ON, L3K 4C8
Phone:
289-271-0188
 

Prescott

Sponsored By:
MNP Ltd.
Address:
46-48 King Street East, 2nd floor, Brockville, ON, K6V 5V6
Local appointments available in Prescott
Phone:
613-704-5331
 

Renfrew

Sponsored By:
MNP Ltd.
Address:
141 John Street North, Unit 1, Arnprior, ON, K7S 3H3
Phone:
343-700-5768
 

Richmond Hill

Sponsored By:
Bromwich & Smith Inc.
Address:
Richmond Hill, ON
Phone:
888-260-5860
 

Rockland

Sponsored By:
Bromwich & Smith Inc.
Address:
343 Preston Street, 11th Floor, Ottawa, ON K1S 1N4
Phone:
888-260-5860
 

Sarnia

Sponsored By:
MNP Ltd.
Address:
99 – 560 Exmouth Street, Sarnia, ON, N7T 5P5
Phone:
226-778-2010
 

Scarborough

Sponsored By:
Bromwich & Smith Inc.
Address:
Suite 315, 100 Consilium Place Scarborough ON M1H 3E3
Phone:
888-260-5860
 

Simcoe

Sponsored By:
MNP Ltd.
Address:
23 Argyle Street, Simcoe, ON, N3Y 3W4
Phone:
289-799-3106
 

St. Catharines

Sponsored By:
MNP Ltd.
Address:
395 Ontario Street, St. Catharines, ON, L2N 7N6
Phone:
289-273-3744
 

St. Thomas

Sponsored By:
MNP Ltd.
Address:
101-10 Mondamin Street, St. Thomas, ON, N5P 2V1
Phone:
855-637-0999
 

Stoney Creek

Sponsored By:
MNP Ltd.
Address:
800 Queenston Rd, Stoney Creek, ON, L8G 1A7
Phone:
289-769-9042
 

Stratford

Sponsored By:
MNP Ltd.
Address:
100 Erie Street, Stratford, ON, N5A 2M4
Phone:
855-637-0999
 

Strathroy

Sponsored By:
Bromwich & Smith Inc.
Address:
380 Wellington Street, Tower B, 6th Floor, London, ON N6A 5B5
Phone:
888-260-5860
 

Thunder Bay

Sponsored By:
MNP Ltd.
Address:
1205 Amber Drive, Suite 210, Thunder Bay, ON, P7B-6M4
Phone:
807-770-2330
 

Tillsonburg

Sponsored By:
MNP Ltd.
Address:
80 Brock Street East, Tillsonburg, ON, N4G 3P5
Phone:
855-637-0999
 

Timmins

Sponsored By:
MNP Ltd.
Address:
Timmins, ON
Phone:
705-805-4555
 

Toronto Downtown

Sponsored By:
SPERGEL
Address:
120 Adelaide Street West, Suite #2500, Toronto, ON M5H 1T1
Phone:
877-959-7347
 

Toronto

Sponsored By:
SPERGEL
Address:
307A Danforth Avenue, Toronto, ON M4K 1N7
Phone:
877-959-7347
 

Trenton

Sponsored By:
Bromwich & Smith Inc.
Address:
Trenton, Ontario
Phone:
888-261-9345
 

Uxbridge

Sponsored By:
Bromwich & Smith Inc.
Address:
Uxbridge, ON
Phone:
888-261-9345
 

Vaughan

Sponsored By:
Bromwich & Smith Inc.
Address:
Vaughan, ON
Phone:
888-260-5860
 

Waterloo

Sponsored By:
MNP Ltd.
Address:
554 Weber Street N., Waterloo, ON, N2L 5C6
Phone:
226-887-0886
 

Welland

Sponsored By:
MNP Ltd.
Address:
60 King Street, Unit 101, Welland, ON, L3B 6A4
Phone:
888-744-9994
 

Whitby

Sponsored By:
Bromwich & Smith Inc.
Address:
105 Consumers Drive, Whitby, ON L1N 1C4.
Phone:
888-260-5860
 

Windsor

Sponsored By:
MNP Ltd.
Address:
720 Walker Rd., Windsor, ON, N8Y 2N3
Phone:
226-773-1233
 

Woodstock

Sponsored By:
MNP Ltd.
Address:
144 Dundas Street, Woodstock, ON, N4S 1A2
Phone:
855-637-0999
 

Why You Should Work with an Ontario Bankruptcy Trustee

There are many reasons why you should consider working with a bankruptcy trustee. Ontario residents have found that the trust they are able to put into their Licensed Insolvency Trustee results in a much less stressful process, as they feel confident that someone is on their side every step of the way.

If you’re not sure about why contacting a Licensed Insolvency Trustee is a smart move, you may want to consider the following reasons:

  • Consultations are free.The last thing you need is another expense. Trustees will review and explain your options for debt relief, in language you can understand. No fees, no pressure, no obligation – just information that will help you determine your next steps.
  • Licensed Insolvency Trustees are educated and trained. Virtually all trustees have both a university degree and an accounting designation. They are required to take and pass an extensive law and bankruptcy course. They are also investigated by the RCMP before they receive their license.
  • Trustees don’t work for creditors. There is a huge misconception that trustees work in favor of \creditors. When in fact, the truth is they actually make sure that both sides are represented and respected fairly.
  • Trustees lead you through the process. Bankruptcy proceedings can be scary and time consuming. A Licensed Insolvency Trustee will be your guide, explaining everything to you along the way and answering any questions you may have. They will ensure you understand everything that’s happening and help to make sure you receive your discharge successfully and timely.
  • Working with a trustee protects you. Licensed Insolvency Trustees are regulated by the Federal Government, and they offer you protection as they are legally required to work ethically on your behalf. From the moment you file, there is an immediate stay of proceedings that protects you from creditors.
  • Trustees don’t only handle bankruptcies. One of of the best benefits of working with a trustee is that you don’t always have to actually claim bankruptcy just because you’re working with them. Their job is to advise you on the best path for you to take to come up with a debt resolution plan. This could mean bankruptcy, or it could be filing what’s known as a Consumer Proposal. It might also mean providing you with solutions and suggestions on how to best handle your debt on your own.

Navigating bankruptcy may feel overwhelming, but with the help of a Licensed Insolvency Trustee, you can trust you’re in good hands and that you have a partner who is willing and able to help you. Reach out today to find the help and guidance you need if you think you may be at the point of filing bankruptcy. Remember, there is no obligation or cost to you if you contact a bankruptcy trustee in Ontario today.