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

Five Steps to a Successful Bankruptcy

Feb 10, 2017 | Leave a comment

If you have never been bankrupt before, the minimum time set by the court to be bankrupt is nine months. This means that the court will either give you relief from your debts or discharge you from them in nine months from the date you declare bankruptcy. This is all…

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Should You Declare Bankruptcy This Year?

Jan 13, 2017 | Leave a comment

The answer to whether or not you should declare bankruptcy this year varies based on each person’s situation. Most stories are all too familiar. A family or individual accrued too much debt, there were a series unfortunate events affecting someone’s employment, or they simply lost control of their expenses vs….

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How Are Funds Distributed To Creditors In Bankruptcy?

Dec 9, 2016 | Leave a comment

Bankruptcy is highly regulated. In addition to the multitude of provisions contained within the Bankruptcy & Insolvency Act, there are numerous complementary pieces of legislation and decades of court cases. At its core, though, bankruptcy is very simple with a few key principles. For example, the honest but unfortunate debtor…

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