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

Will My Bankruptcy Trustee Garnish My Wages?

Nov 21, 2014 | Leave a comment

Bankruptcy does require than you make monthly payments which are part of the cost of declaring bankruptcy in Ontario. You will make arrangements with your bankruptcy trustee about how often you will make these payments (monthly, bi-weekly etc.) so that it fits in your budget. In a consumer proposal your…

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Can You Leave The Country During Your Bankruptcy?

Nov 7, 2014 | Leave a comment

There is no legal restriction preventing you from leaving the country if you have filed a bankruptcy in Ontario.  However, there are numerous situations where you are required to be physically present.  The inability to attend in person would likely result in a delay in getting your discharge from bankruptcy….

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Can a Bankruptcy Trustee Oppose my Discharge?

Oct 24, 2014 | Leave a comment

Yes, it is possible for a bankruptcy trustee to oppose your bankruptcy discharge. Your discharge could also be opposed by either a creditor or the Superintendent of Bankruptcy. Most oppositions to a bankruptcy discharge in Ontario happen because the bankrupt did not complete their required duties. In fact, the trustee has…

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