Bankruptcy And Collection Of Accounts Receivables

2009-10-23

Your concern is not uncommon.  If you have to file for personal bankruptcy, you could make arrangements with your Trustee to collect your accounts in the normal course of doing your business, then forward the funds to your Trustee upon receipt.  The Trustee will only contact your customers if an account is delinquent and refuses to pay their obligations.

Please do not hesitate to contact one of our Trustees at an office nearest to you to review your financial affairs and to discuss your options.

Person typing on a laptop

Latest Blog Posts

2025-10-21

How we helped a client decide between a consumer proposal and bankruptcy

Leah Drewcock

A client thought bankruptcy was their only way out. See how a consumer proposal helped them keep their home and repay debt with confidence.

Read More

2025-10-20

Seniors and Debt

Pamela Meger

Alternatives to Bankruptcy Bankruptcy Consumer Proposal Lifestyle Debt MNP Consumer Debt Index

Just when seniors should be relaxing and enjoying the fruits of their labour, many find themselves struggling financially — an unsettling contrast to the ease they’d hoped to live their golden years.

Read More

2025-10-17

How buyer’s remorse laws can help you stay out of debt

Alana Orrell

This is called buyer’s remorse. In some cases, Canadian law provides protections that can help you reverse these costly decisions and avoid sinking further into debt. 

Read More

Consultation icon