Tag Archives: bankruptcy trustee

Can I Sell My Stuff Before Filing Bankruptcy?
By Billy Martell, Bankruptcy Trustee
15 Jul 2019 | Category: What You Keep or Lose | (2) comments
Assets sale bankruptcy

When you file a bankruptcy many things that you normally would not think twice about, become important subjects. One of the things that your trustee is required to do when you file a bankruptcy, is to “investigate your affairs”. Mostly, this means the trustee will ask you a lot of…

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What’s Included in My Bankruptcy Record & Who Can See It?
By Joel Sandwith
08 Sep 2017 | Category: Bankruptcy in Ontario | (2) comments
who-can-see-whats-included-in-bankruptcy

While personal bankruptcy information is publicly recorded, it’s not broadcasted like corporate bankruptcies.  There are several places where bankruptcy information can be found. 1. In your Licensed Insolvency Trustee’s files. What is included: The trustee’s client file will include notes about meetings, phone calls, copies of documents related to the filing,…

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7 Canadian Bankruptcy Terms You Should Be Familiar With
By Bankruptcy Ontario Trustee
14 Aug 2015 | Category: Bankruptcy FAQ | Leave a comment
bankruptcy definitions

There are many new terms you will be introduced to when you start exploring the Canadian bankruptcy process. If you’re considering filing bankruptcy in Canada the following are the most common terms your trustee might mention during your initial consultation and what they mean: 1. Bankruptcy Trustee First of all, let’s…

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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
personal-bankruptcy-debt

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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What Duties Will I Have During A Consumer Proposal?
By Rebecca Martyn, Trustee
10 Apr 2015 | Category: Consumer Proposal in Ontario | Leave a comment
Consumer-proposals-duties.

Once your consumer proposal has been filed there are certain duties that you have to perform to ensure that it will be successfully completed. Your trustee will guide you through the process, but knowing your responsibilities can make the journey much easier. Make your payments according to the terms of your consumer…

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Can Declaring Bankruptcy Repair My Credit Score?
By Sandra Sykora, Trustee
13 Mar 2015 | Category: Bankruptcy FAQ | Leave a comment
Credit-Report-Credit-Score-Bankruptcy

Yes it can!  Once you have completed all of your bankruptcy duties you will be discharged or relieved from your debts and can start to rebuild your credit.  As you rebuild, your credit score will improve and that fresh start that you were seeking can begin. During a bankruptcy your credit…

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Will Bankruptcy Eliminate My Payday Loans?
By Rebecca Martyn, Trustee
13 Feb 2015 | Category: Debts In Bankruptcy | Leave a comment
payday loans bankruptcy

A study completed by Hoyes, Michalos last year indicated that 1 in 8 people who have filed for bankruptcy or consumer proposal had at least one payday loan. From the files we reviewed, if someone owed money to payday loans, they didn’t owe just one company, but had an average…

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Will My Bankruptcy Trustee Garnish My Wages?
By Scott Schaefer, Trustee
21 Nov 2014 | Category: Bankruptcy FAQ | Leave a comment

Bankruptcy does require than you make monthly payments which are part of the cost of declaring bankruptcy in Ontario. You will make arrangements with your bankruptcy trustee about how often you will make these payments (monthly, bi-weekly etc.) so that it fits in your budget. In a consumer proposal your…

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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 are the Duties of a Trustee in Bankruptcy?
By Brian McIlmoyle, Trustee
27 Jun 2014 | Category: Bankruptcy FAQ | Leave a comment
role of bankruptcy trustee

Last week we posted about the duties of a bankrupt when declaring bankruptcy in Ontario. However it’s also important to understand the role and responsibilities of a bankruptcy trustee. You might even wonder why do I need to meet with a bankruptcy trustee to file a bankruptcy or a consumer proposal? The…

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