My husband and I are on Employment and income assistance, can we apply for bankruptcy?

2012-08-28

Author: Bradley Milne

Bankruptcy

Yes it is possible that you may be able to file for bankruptcy.  I would suggest that you contact a Trustee in your area for an assessment of your situation.  Normally there is no cost for the assessment and they will be able to determine whether or not bankruptcy is the best solution available to you.

If your concern is the cost of filing for bankruptcy and your ability to pay the Trustee's fee, you can also contact the Office of the Superintendent of Bankruptcy (Industry Canada) for information about their Bankruptcy Assistance Program for individuals with low income.  Note that this program is intended to help you find a Trustee willing to take on your file, it is not a government program that pays or subsidizes the related costs.

Also keep in mind that if you have a vehicle and do not work, you are not eligible for an equity exemption and as such your vehicle would likely be sold by the Trustee, given your inability to buy back the equity in a monthly payment.  

Bradley Milne

Bradley Milne

CIRP, LIT

Senior Vice President

Servicing: Brandon, Killarney, Portage la Prairie, Neepawa, Virden, Souris, Deloraine

Latest Blog Posts

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. 

Read More

2025-04-11

Who will find out about my Bankruptcy?

Jean-Francois Cliche

Bankruptcy

Considering Bankruptcy and wondering who could find out? Rest assured; your information will stay mostly confidential.

Read More

2024-09-25

What happens if I don’t fulfill my duties during a Bankruptcy?

Nora Edwards

Bankruptcy

If you’re going through a personal Bankruptcy, one of your main goals is to obtain your discharge — that is, to have your debts cleared so you can start fresh.

Read More

Consultation icon