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When declaring bankruptcy in Canada, your trustee goes through the initial process of assessing your liabilities and assets. From there, your trustee deals with your creditors until you get your bankruptcy discharged. However, timing is everything when you file for bankruptcy.  Read More

Filing for bankruptcy can be a difficult decision, with potentially drastic consequences that will impact many facets of your life. Understanding both your situation and the bankruptcy process in Ontario is the first step in ensuring you are making a decision that will benefit you in the long term.  Read More

While facing bankruptcy, you will inevitably be forced to address various creditors who are involved with the accumulated debt. One of the more difficult and frustrating kinds of loans to assess will be debt from family. Debt with family members is the same as any other unsecured debt and must be included.  Read More

Bankruptcy can cause issues when someone is planning to sponsor their family for permanent residency so they can join them in Canada. Does bankruptcy affect an individual’s family immigration sponsorship process? Yes, it does. However, there are steps you can take to alleviate delays and mishaps while waiting for sponsorship approval.  Read More

Many view filing for bankruptcy as a last resort — and it is. Bankruptcy is a pivotal debt relief solution that becomes necessary when you cannot stay on top of your bills due to unemployment, bereavement, and other extreme life events.  Read More

Bankruptcy is trading your non-exempt assets or ‘what you own’ in return for your debts being forgiven. It is a common financial trouble that many find themselves in and can be challenging to go through.  Read More

Bankruptcy is a difficult time for you or your business and can greatly affect your financial goals. Expenses and debt add up and, before you know it, you’re ready to file for bankruptcy. What most people are not aware of is that every situation is unique, and filing for insolvency immediately may not be the best solution.  Read More

The process of bankruptcy is a troubling time for any business or person. There’s so much information to understand and legal ramifications that come along with every step. This leads to a lot of misinformation being perpetuated, with different ideas and stigmas being associated with filing for bankruptcy.  Read More

With tuition fees dramatically increasing over the past couple of years, student debt has become a pressing issue for many Canadians. Students are having to take out large loans for their education, and it can take years or even decades to pay off such a huge sum: about 67% of Canadians graduated with an average debt of over $22,000.  Read More

If you’re considering filing for bankruptcy or for a consumer proposal, you will need the help of a bankruptcy trustee to guide you through the process. It is mandated by the government that a trustee help those looking for debt relief. As such, all bankruptcy trustees in Canada are licensed by the federal government. What does that entail?  Read More