Is Bankruptcy Information Made Public

2008-12-16

The most common source of that information is an individual's credit rating or, for very high profile individuals, the media. If "Sam" goes into bankruptcy, the following persons or organizations are aware of or are informed of his bankruptcy: The Office of the Superintendent of Bankruptcy;All of Sam’s creditors;Financial institutions or other organizations that Sam has investments or other assets with;If Sam’s wages are being garnished by a creditor, his employer is notified so that the garnishment stops immediately;Canada Revenue Agency (the Trustee is required to file tax returns for Sam);The credit bureaus; and In certain types of bankruptcies (i.e., those in which the value of assets that will go to the creditors is more than $10,000), a notice must be placed in the legal notices section of the local paper.The Superintendent of Bankruptcy maintains a registry that lists all Bankruptcies, Receiverships and Proposals to Creditors that are filed in Canada. So if someone wants to find out if an individual or business has gone through a bankruptcy, they can go online and pay a fee to search the name of that business or person. It isn't possible to print out a list of bankruptcies or other filings - you can only search by a single name and you are charged a fee for every search. Judy Scott - MNP Vancouver - Port Moody - Abbotsford 604.949.2100   -   1.866.568.1335 [email protected]

Latest Blog Posts

2025-08-14

How to budget for summer vacation

Marianne Steele-MacSween

Vacation costs can add up quickly without proper planning. This guide can help you budget so that you can make the most of your trip without overspending.

Read More

2025-08-05

How to budget when you’re unemployed

Lindsay Burchill

Bankruptcy Consumer Proposal

Losing your job can be frustrating and, even more so, managing your financial wellbeing while you’re unemployed. However, you can successfully navigate the situation with the right budgeting tips.

  • First steps to take when you become unemployed
  • Managing your expenses
  • Seeking professional help

Read More

2025-08-04

How to Deal with Unexpected Medical Expenses

Nicole Polak

Since it’s impossible to predict or prevent most medical conditions or emergencies, the best way to handle them is by planning and preparing for them.

Read More

Consultation icon