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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?

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.