2025-08-01
Transferring Assets Before Bankruptcy: Why You Should Consult a Trustee
Bankruptcy
If you’re struggling with your finances and heading toward bankruptcy, you may think it makes sense to sell or transfer some of your assets.
How Long Does My Bankruptcy Stay On My Credit Report?
A bankruptcy will stay on your credit report for 6 years after you finish your bankruptcy and receive your official Discharge.
In some cases, you can start to rebuild your credit rating during a bankruptcy - for example, if you are making payments on a mortgage or vehicle loan. Once you finish the bankruptcy and get your discharge, you may wish to look at a secured credit card as another way of getting some good information on your credit report. If you have any other questions, feel free to contact one of our team members.
Linda Paul
CIRP, LIT
Senior Vice-President
Servicing: Abbotsford, Chilliwack, Maple Ridge, Surrey, Langley
Latest Blog Posts
2025-06-30
Who Can File For Bankruptcy
Bankruptcy
There are several common scenarios which may cause you to wonder whether personal bankruptcy is an appropriate option to get out of debt.
2025-04-25
Top five mistakes to avoid when considering filing for bankruptcy
Bankruptcy
Filing for Bankruptcy is a significant decision that can provide a fresh start for Canadians overwhelmed by debt. However, it’s essential to approach this process with caution and awareness to avoid common pitfalls and make informed decisions to protect your financial future.
