Avoiding Bankruptcy

avoiding bankruptcy

Declaring personal bankruptcy is not the only way to eliminate your debt. Choose an option you can afford, and one that fits your situation. Find out if you can settle your debt with a consumer proposal and keep your assets.

Avoid bankruptcy

What Do you Keep If You Go Bankrupt In Ontario?

Ontario Exemptions

What Do you Lose If You Go Bankrupt In Ontario?

Cost of Bankruptcy in Ontario

Expert Advice Blog | Recent posts

Are Property Taxes Considered Debts Included in Bankruptcy

Sep 12, 2014 | Leave a comment

Whether or not property taxes are discharged by filing bankruptcy is not a simple question. The answer is:  it depends. The difference lies in whether or not your outstanding property taxes remain a charge against the property. Let’s expand on that with a couple of examples. Scenario 1: Giving Up Your Home…

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The Effect of Missed Payments in Bankruptcy or Proposal?

Aug 29, 2014 | Leave a comment

As appealing as the concept sounds, when someone declares bankruptcy in Ontario, he is not suddenly released from his financial obligations without cost . There are fees and payments associated with personal bankruptcy — and varying degrees of discharge-delaying penalties if they do not make these payments. The same happens in a…

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Where Do You File Bankruptcy If You Live in Ontario?

Aug 22, 2014 | Leave a comment

Personal bankruptcy is a formal legal process governed in Ontario, and throughout Canada, by the provisions of the Bankruptcy and Insolvency Act (BIA).  A requirement of the BIA is that bankruptcy is filed with a trustee licensed by the Office of the Superintendent of Bankruptcy (OSB).  Even though the OSB…

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