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What Assets Can I Keep if I Declare Bankruptcy?

Dec 18, 2023
Are you struggling with unmanageable debt but worried about giving up your vehicle, RRSPs, or other assets if you declare bankruptcy? Fortunately, there are laws in place in Canada that allow you to get debt forgiveness and protection from your creditors,...Read more

Is Personal Bankruptcy Right for Me?

Aug 22, 2022
If you’re struggling to manage and pay off your debts personal bankruptcy may be a formal debt forgiveness solution worth exploring. Read on to learn about the often-misunderstood personal bankruptcy process and information to help you decide whether filing...Read more

Can I Declare Bankruptcy More Than Once?

May 13, 2022
Being in a situation where you’re having trouble paying your debt can be incredibly overwhelming, and if you’ve gone through personal bankruptcy before to resolve a past debt problem you may be struggling with additional feelings of frustration or even...Read more

Credit Cards: Before, During and After Bankruptcy

Jul 20, 2020
As Licensed Insolvency Trustees, every day we help people achieve a financial fresh start free from the burden of debt. Although there are many types of debts that Licensed Insolvency Trustees can help individuals and businesses resolve, one of the most...Read more

My Spouse is Filing for Bankruptcy – Now What?

Jan 10, 2020
As Licensed Insolvency Trustees (formerly known as Trustees in Bankruptcy) we often receive questions from the spouse or common-law partner of someone who is considering filing for bankruptcy. Along with wanting to be supportive of their partner’s financial...Read more

Bankruptcy Success Story: Meet Suzanne

Nov 12, 2019
Meet Suzanne - she lives in BC’s lower mainland, owns her own home and vehicle, has a career as a self-employed financial advisor that she loves and describes herself as being financially stable. Suzanne’s journey to success hasn’t been smooth or easy,...Read more

How Does a Licensed Insolvency Trustee Get Paid?

Sep 11, 2019
If you’ve been considering debt management solutions, you’ve likely discovered that there are several options available. You may also have learned that in Canada only one type of debt help professional is legally empowered and endorsed by the federal...Read more

How Bankruptcy Protects Your Assets

Sep 11, 2019
Many people facing a serious debt problem avoid considering bankruptcy as a solution because they believe filing bankruptcy will cause them to lose their personal assets or put their income at risk. Contrary to popular belief, the truth is that filing a...Read more

Bankruptcy Basics Explained

May 14, 2019
The 12-month period ending December 31 2018 saw over 10,000 BC consumers turn to insolvency legislation for debt relief. Over 4,000 of those people filed personal bankruptcy, and debt industry experts are predicting that annual filings will rise over the next...Read more

What Happens After You File Bankruptcy?

Dec 3, 2018
Many people worry that a bankruptcy will be a permanent or long-term setback. The reality is that personal bankruptcy provides a financial fresh start by eliminating debts that you may have struggled for years to manage and repay. Once your bankruptcy is...Read more