Monthly Archives: August 2014

The Effect of Missed Payments in Bankruptcy or Proposal?
By Billy Martell, Bankruptcy Trustee
29 Aug 2014 | Category: Bankruptcy FAQ | Surplus Income | (8) comments
missed payments bankruptcy proposal

As appealing as the concept sounds, when someone declares bankruptcy in Ontario, he is not suddenly released from his financial obligations without cost . There are fees and payments associated with personal bankruptcy — and varying degrees of discharge-delaying penalties if they do not make these payments. The same happens in a…

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Where Do You File Bankruptcy If You Live in Ontario?
By Ian Martin, CA, Trustee
22 Aug 2014 | Category: Bankruptcy FAQ | Leave a comment
filing bankruptcy ontario

Personal bankruptcy is a formal legal process governed in Ontario, and throughout Canada, by the provisions of the Bankruptcy and Insolvency Act (BIA).  A requirement of the BIA is that bankruptcy is filed with a trustee licensed by the Office of the Superintendent of Bankruptcy (OSB).  Even though the OSB…

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Dealing With A Licensed Bankruptcy Trustee
By Jason Quinney
15 Aug 2014 | Category: Bankruptcy in Ontario | Leave a comment
How To Find Bankruptcy Trustee

To file a bankruptcy in Canada under the Bankruptcy and Insolvency Act, it can only be done through a licensed Bankruptcy Trustee. If you are considering personal bankruptcy, it is important that the person you speak to is licensed to provide bankruptcy services including both personal bankruptcy and consumer proposals….

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What If I Don’t Want To File Bankruptcy?
By Sandra Sykora, Trustee
08 Aug 2014 | Category: Bankruptcy Alternatives | Leave a comment
Alternatives to bankruptcy

Filing for bankruptcy is a voluntary act so no one can make you file for bankruptcy.  But we know for most it is the last option they want to consider when looking for solutions to dealing with their debts. What Does Your Monthly Cash Flow Say? So what are the…

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Is There A Creditors’ Meeting When You File Personal Bankruptcy?
By Angela Marquis
01 Aug 2014 | Category: Bankruptcy FAQ | Leave a comment
will there be a bankruptcy creditors meeting?

If you are considering filing for bankruptcy, you may have heard about bankruptcy resulting in a creditors’ meeting and now you’re wondering, will I have to attend one of these sessions? If you’re realizable assets in a bankruptcy are less than $15,000, your bankruptcy is considered to be a summary…

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