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

December 13th, 2005 by Questions

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

Questions

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.

Please post a follow up comment below:

(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)