Bankruptcy is a legal debt remedy available to you to resolve your debts and achieve a financial fresh start. Bankruptcy gives you the ability to eliminate virtually all debts working closely with a Licensed Insolvency Trustee. The option and decision to file for personal bankruptcy is yours – no creditor or other party can prevent you from seeking the protection of Canadian personal bankruptcy legislation if you are struggling to repay your debts. To file for personal bankruptcy in Canada, you will need to work with a Licensed Insolvency Trustee (“LIT”) – formerly known as a Trustee in Bankruptcy or Bankruptcy Trustee.

The cost of filing bankruptcy is usually substantially less than repaying your debts in full on a monthly basis.

Stop the debt-stress from never-ending balances owing, overwhelming payments or collection actions.

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