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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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About Bank Account

if I open a bank account with a bank I owe nothing to, is there any way creditors can take the money WITHOUT going to court?

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One Response to “About Bank Account”

Barton Goth, GCO Inc. Bankruptcy Trustees said...

Assuming none of your creditors currently hold a judgement, then once you have changed banks and are using an institution you do not owe money to, then you creditors will be unable to access those funds without going to court or obtaining your written permission. The only major exception to this is debts owed to Canada Revenue Agency, they have the ability to do many things that a typical creditor is not.