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

Surplus Income Limits for Bankruptcy in Ontario in 2019

Mar 18, 2019 | (14) comments

The amount you are required to pay if you declare bankruptcy is based on your income.  The more you earn, the more you are required to pay.  This limit is adjusted each year, and the Office of the Superintendent of Bankruptcy has released the Surplus Income Limits for 2019, based…

Read More

I’ve Returned To Work. Is Now The Time To File Bankruptcy?

Sep 12, 2018 | (6) comments

Larry (not his real name) first came to see me about 5 months ago.  He had accumulated about $50,000 in debt when he and his wife divorced.  He doesn’t own a house and has a car that is worth a few thousand dollars. He had been making the payments, however,…

Read More

Getting Into Debt Is Easy, Getting Out Of Debt Doesn’t Have To Be Hard

Aug 3, 2018 | (2) comments

Today’s society offers us many opportunities to get “credit”. We have credit cards, lines of credit, overdrafts, tax debts, and payday loans. I placed credit in quotes, because a lot of people mistakenly interchange the meaning of what’s credit, and what’s debt. When you’re using this newfound and easily obtainable credit, over…

Read More