FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

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*Unsecured debt includes credit cards, lines of credit, bank overdrafts, payday loans, and unsecured personal loans (excluding student loans). It does not include mortgages and car loans.

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How can we help you?

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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I understand that Bankruptcy-Canada.ca does not provide debt relief services directly and agree to securely share this information with a local Licensed Insolvency Trustee (LIT) for a free, confidential consultation.

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BANKRUPTCY QUESTIONS.

I am considering bankruptcy and I have a couple of questions. First, I withdrew funds from my RRSP a couple of years ago under the Home Buyers Plan, and have 15 years to pay it back. Does going bankrupt eliminate the need to pay these funds back in the future?
Secondly, last year I cashed in my life insurance and was surprised to get a T5 for 2006 for a sizable amount of the surrender value of the policy, which I cannot pay the tax on. Will this effect my bankrupcy in any way?
Is there a time limit from the time you go bankrupt back to the past where I received money from my life insurance?
Thank you for your time.

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