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

"*" indicates required fields

Phone

This field is for validation purposes and should be left unchanged.

Name*

Phone Number*

Email*

This field is hidden when viewing the form

What's the best time to contact you?*

Location*

What city do you live in?*

Total Unsecured Debt*

*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.

This field is hidden when viewing the form

Source

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.

Agreement*

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.

Select Trustee By Province

Pros and Cons of filing for bankruptcy

I was wondering about the pros and cons of filing for bankruptcy with a trustee verses a lawer. Can you please advise?

Posted from: British Columbia

Share this post:

X (Twitter) Facebook Pinterest LinkedIn Email

One Response to “Pros and Cons of filing for bankruptcy”

A licensed trustee said...

Well, it’s simple, in order to file for bankruptcy you MUST deal with a trustee. If a lawyer has told you that they can handle your bankruptcy for you they have misrepresented themselves. Lawyers may not file or administer bankruptcies in Canada.

The reason for this is because when you hire a lawyer they represent you (to the best of their ability). A trustee does not represent you, trustee’s have a responsbilility to you, to your creditors, to the Court and to the insolvency system.

Think of your trustee as an impartial referee – a lawyer is more like a coach.