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

What is a Division 1 Proposal and Who Can File One

Jul 4, 2014 | Leave a comment

We talk a lot about consumer proposals however the Bankruptcy and Insolvency Act offers two discreet options for insolvent individuals who decide that a proposal is the best solution for addressing financial woes but want to avoid declaring bankruptcy. They are: Consumer proposal Division 1 proposal Consumer Proposal Has Debt Limit The first…

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What are the Duties of a Trustee in Bankruptcy?

Jun 27, 2014 | Leave a comment

Last week we posted about the duties of a bankrupt when declaring bankruptcy in Ontario. However it’s also important to understand the role and responsibilities of a bankruptcy trustee. You might even wonder why do I need to meet with a bankruptcy trustee to file a bankruptcy or a consumer proposal? The…

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What Are my Duties in an Ontario Bankruptcy?

Jun 20, 2014 | (2) comments

When an individual files an Ontario bankruptcy he is making a move that will relieve him of a considerable mental burden that has no doubt dragged at his spirit for an uncomfortable stretch. But he’s also signing himself up to honour certain obligations that constitute his side of the bargain. Personal…

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