Yearly Archives: 2006

Do I Lose my Vehicle if I Go Bankrupt in Ontario?
By Bankruptcy Ontario Trustee
26 Sep 2006 | Category: What You Keep or Lose
vehicle in bankruptcy in Ontario

Question: I live in Ontario. If I file for bankruptcy in Ontario and own a vehicle that is worth more than the limit, it is my understanding that I can pay the difference between its value and the limit. I also understand that if I cannot pay the difference I must…

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Does Gambling Cause Personal Bankruptcy in Ontario?
By Bankruptcy Ontario Trustee
29 Mar 2006 | Category: Bankruptcy in Ontario
gambling cause bankruptcy Ontario

Statistics Canada estimates that problem gamblers make up 0.6% of the Canadian population. Last year in Ontario over 40,000 people filed a bankruptcy or a consumer proposal, so statistically less than 250 people who went bankrupt in Ontario were problem gamblers. Based on data from our own database of bankruptcies…

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