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How much do you need to owe to go bankrupt in Canada?

is there a minimum amount to be owed before you can declare personal bankruptcy in Canada? can your debt be under 10 thousand?

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One Response to “How much do you need to owe to go bankrupt in Canada?”

A licensed trustee said...

If you owe more than $1,000 and are unable to pay your debts you are eligible to go bankrupt. To determine if this is the correct option for you, contact a licensed trustee.