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

How Will I Know Which Debts Were Discharged by my Bankruptcy?

Apr 18, 2014 | Leave a comment

If you are a first-time bankrupt, you will receive an automatic discharge nine months plus a day after your date of filing, assuming you owe no surplus income. During your bankruptcy you make payments to your trustee and may surrender some assets. The benefit to you is that your debts…

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What Happens if You Receive a Gift During Bankruptcy?

Apr 11, 2014 | Leave a comment

You are in the middle of your bankruptcy and the unexpected happens. You receive a large gift. You don’t remember the trustee telling you about this and you are afraid to call the trustee. What will happen? Your trustee should have discussed this with you before you decided to declare…

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How Many Times can I Declare Personal Bankruptcy in Ontario?

Apr 4, 2014 | Leave a comment

While there is no provincial law that lays down how many times an individual might declare bankruptcy in Ontario, it’s important to note the repercussions with each subsequent filing. It Takes Longer and Costs More Where a so-called “second-timer” used to have his discharge granted by the courts, one must…

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