Tag Archives: bankruptcy process

How Are Funds Distributed To Creditors In Bankruptcy?
By Ian Martin, CA, Trustee
27 Feb 2018 | Category: Bankruptcy FAQ | (2) comments

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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I Want to Declare Bankruptcy But…
By Joel Sandwith
11 Aug 2017 | Category: Bankruptcy in Ontario | (2) comments
bankruptcy misconceptions myths

I have been meeting with people for many years – reviewing their situation, discussing the issues that have caused them to fall into a debt crisis, and looking at the options that will best suit their situation. Sometimes people come in wanting to file a bankruptcy only to find out that…

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Should You Declare Bankruptcy This Year?
By Angela Marquis
13 Jan 2017 | Category: Bankruptcy in Ontario | Leave a comment
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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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Can My Bankruptcy Application Be Denied?
By Rebecca Martyn, Trustee
11 Mar 2016 | Category: Bankruptcy in Ontario | Leave a comment
bankruptcy application

The bankruptcy process is not as complicated as many think. In fact, there are only four main qualifications to apply for personal bankruptcy in Ontario: You need to owe at least $1,000; Be unable to pay your debts; Have stopped paying your debt; and Have debts greater than what you…

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5 Benefits To Filing Bankruptcy: Do They Apply To You?
By Scott Schaefer, Trustee
24 Apr 2015 | Category: Bankruptcy in Ontario | (3) comments
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Money problems happen to many different people for many different reasons.  Too often, debt becomes a cycle and the pressure of paying off all of the debt becomes too much to handle alone.  If you find yourself in the same situation, here are the top five benefits to filing personal…

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