2025-09-04
Will Bankruptcy Erase All Of My Debt?
Bankruptcy
The intention of Canadian bankruptcy law is to provide honest and overextended debtors the opportunity for a financial fresh start.
Can I File For Bankruptcy Anywhere In Canada?
The rules for filing a bankruptcy say that if you're going to file a bankruptcy, you have to file it in your "locality."
That means, you would see a trustee in one of these areas:
- (If you operate a business) where you've carried on business during the past year; or if that doesn't apply to you:
- Where you've lived during the past year.
- If neither of those apply to you, then you would file in the location where most of your possessions/assets are located. That means, you choose a trustee in that area. he trustee will know whether you have picked the right area and he or she will know where to file the documents.
Linda Paul
CIRP, LIT
Senior Vice-President
Servicing: Abbotsford, Chilliwack, Maple Ridge, Surrey, Langley
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