Frequently Asked Questions

How do I know I have a debt problem?

What happens when I meet with a Licensed Insolvency Trustee?

Is bankruptcy my only option?

Who can file a proposal?

Who can file bankruptcy?

I have no money to pay my creditors, so how can I pay someone to help?

My wages are being garnisheed…?

A creditor is suing me…?

Do I lose everything if I file bankruptcy?

Can I keep my car and/or my house?

How does bankruptcy affect my spouse or family?

How long does a bankruptcy last?

How long does a proposal last?

What about what I owe Revenue Canada (CRA)?

Will I still owe money after my bankruptcy or proposal?

What happens to my student loans?

Who will find out if I go bankrupt, file a proposal or other debt management plan?

What happens to my wages?

What happens to my bank accounts?

What happens to my income tax and GST refunds?

What happens if I win a lottery or am entitled to an inheritance after I file bankruptcy?

Covid-19 update: Due to the present uncertainty you do not have to deliver documents in person.