Debt Relief Solutions from Licensed Insolvency Trustees
We connect you with Licensed Insolvency Trustees who provide expert guidance on Bankruptcy, Consumer Proposals, Debt Consolidation, Corporate Debt, and CRA Collections. Serving Ontario, Alberta & BC.
Bankruptcy
A Fresh Financial Start When You Need It Most
Bankruptcy is a legal process administered by Licensed Insolvency Trustees that provides individuals and companies with relief from overwhelming debt. It offers a fresh start by eliminating most unsecured debts while ensuring your rights are protected throughout the process.
- Immediate protection from creditors and collection actions
- Elimination of most unsecured debts (credit cards, personal loans, etc.)
- Stop wage garnishments and legal proceedings
- Keep essential assets protected by provincial exemptions
- Confidential process with professional guidance
- Opportunity for a genuine fresh financial start
- 1
Free confidential consultation with a Licensed Insolvency Trustee
- 2
Review of your financial situation and all available options
- 3
If bankruptcy is the best solution, trustee prepares documentation
- 4
File bankruptcy and receive immediate creditor protection
- 5
Attend two mandatory financial counselling sessions
- 6
Complete duties and receive automatic discharge (typically 9 months)
Bankruptcy may be appropriate for individuals or businesses facing insurmountable debt with limited income or assets, when other debt relief options are not viable. Licensed Insolvency Trustees ensure you understand your rights and explore all alternatives before proceeding.
Requirements:
- Resident of Canada
- Unable to pay debts as they become due
- Total debts exceed total assets
- Consultation with a Licensed Insolvency Trustee