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How long does the Bankruptcy process last?

You might be looking for a solution to your financial stress, and you could have heard that Bankruptcy will help you achieve a fresh financial start — but you may have questions about the process. One of the most common among these is how long a Bankruptcy lasts and how it impacts your credit score.

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discussing at a desk bankruptcy vs insolvency concept

In Canada, a handful of options exist for individuals who are exploring insolvency or Bankruptcy. The stress of financial difficulties can be lessened with the help of a Licensed Insolvency Trustee (LIT) to help you work through the realities of your unique situation and find the best outcome for you.

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Speaking to a Licensed Insolvency Trustee can help reduce anxiety

Did you know that one of the principal causes of stress for Canadians is financial difficulties?

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How does the Bankruptcy and Insolvency Act protect me in a Bankruptcy or a Consumer Proposal?

We’ve summarized the protections the BIA provides and the three major players in the insolvency system to help you make an informed decision about your next step forward.

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What happens when you’re a shareholder or director of a company during personal Bankruptcy

Navigating personal Bankruptcy is challenging enough, but the complexity increases significantly when you’re also a shareholder or director of a corporation.

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How Consumer Proposals affect your credit rating — and how to rebuild it

Understanding how Consumer Proposals impact your credit score is important to rebuilding your credit rating in the future.

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6 Debts left after a Bankruptcy or Consumer Proposal

For people struggling with debt, filing for Bankruptucy or a Consumer Proposal might be the best option.

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