What Debts Are Not Discharged In An Ontario Bankruptcy?
Most unsecured debts are discharged at the end of your bankruptcy. Unsecured debts that are discharged include credit cards, bank loans, lines of credit, pay day loans, and taxes. Secured debts, such...
View ArticleHow Can Budgeting Help Me Deal With My Debt?
As part of your bankruptcy process in Ontario, you will be required to attend two credit counselling sessions. During one of those sessions you will learn about how to use a budget to balance your...
View ArticleCan I Open A New Bank Account While Bankrupt in Ontario?
Yes. In fact, we strongly recommended that you open a new bank account with a new bank before going bankrupt in Ontario. Why? Because you want all payments to your unsecured creditors to stop. You do...
View ArticleWhat Happens To My RRSP In A Bankruptcy in Ontario?
Your Registered Retirement Savings Plans (RRSPs) and Registered Retirement Income Funds (RRIFs) are yours to keep in a bankruptcy, with the exception of contributions you have made during the last 12...
View ArticleWhat Happens To My Car If I File For Bankruptcy?
Unless you live in a city with access to public transit, a car or truck may be essential for you to get to work. So what happens to your car if you go bankrupt in Ontario? Exemption Limits For Your Car...
View ArticleWhat Happens To My House In A Bankruptcy?
If you own a house when you file for bankruptcy in Ontario, your bankruptcy trustee will help you evaluate your situation to see if you can, and should, keep your home in a bankruptcy. They will talk...
View ArticleHow Do I Get Discharged from Bankruptcy in Ontario?
Your discharge is important because it is your discharge that eliminates your debts, except those debts not discharged by a bankruptcy. Automatic Discharge You will receive an automatic discharge from...
View ArticleCan Personal Bankruptcy in Ontario Be Denied?
If you are struggling with debt and you think filing for bankruptcy is your best option, no-one can prevent you from filing. Personal bankruptcy in Ontario is a legal process that provides you...
View ArticleCan You Pay Off A Consumer Proposal Early?
It is possible to pay off a consumer proposal early, either with a lump sum payment or by accelerating your existing monthly payments. When you negotiate a settlement of your debts through a consumer...
View Article10 Reasons Why a Consumer Proposal May Be Better Than Bankruptcy
Both a consumer proposal and a bankruptcy in Ontario provide immediate relief from creditors and provide a legal method to eliminate your debts. For a creditor to accept a consumer proposal however,...
View ArticleHow Long Does Bankruptcy Last In Ontario?
Several factors affect how long you will be bankrupt for in Ontario. The top four considerations: How many times you have been bankrupt. Whether or not you have surplus income. Whehter or not you...
View ArticleWhen Will Creditors Stop Calling After Filing Bankruptcy?
Your creditors cannot continue to harass you when you go bankrupt in Ontario. Once you are bankrupt, your creditors are required to contact your trustee, not you. When you file for bankruptcy in...
View ArticleWhat Debts Are Not Discharged In An Ontario Bankruptcy?
Most unsecured debts are discharged at the end of your bankruptcy. Unsecured debts that are discharged include credit cards, bank loans, lines of credit, pay day loans, and taxes. Secured debts, such...
View ArticleCan I Open A New Bank Account While Bankrupt in Ontario?
Yes. In fact, we strongly recommended that you open a new bank account with a new bank before going bankrupt in Ontario. Why? Because you want all payments to your unsecured creditors to stop. You do...
View ArticleWhat Happens To My RRSP In A Bankruptcy in Ontario?
Your Registered Retirement Savings Plans (RRSPs) and Registered Retirement Income Funds (RRIFs) are yours to keep in a bankruptcy, with the exception of contributions you have made during the last 12...
View ArticleHow Long Does Bankruptcy Last In Ontario?
Several factors affect how long you will be bankrupt for in Ontario. The top four considerations: How many times you have been bankrupt. Whether or not you have surplus income. Whehter or not you...
View ArticleWhen Will Creditors Stop Calling After Filing Bankruptcy?
Your creditors cannot continue to harass you when you go bankrupt in Ontario. Once you are bankrupt, your creditors are required to contact your trustee, not you. When you file for bankruptcy in...
View ArticleWhat Debts Are Not Discharged In An Ontario Bankruptcy?
Most unsecured debts are discharged at the end of your bankruptcy. Unsecured debts that are discharged include credit cards, bank loans, lines of credit, pay day loans, and taxes. Secured debts, such...
View ArticleHow Can Budgeting Help Me Deal With My Debt?
As part of your bankruptcy process in Ontario, you will be required to attend two credit counselling sessions. During one of those sessions you will learn about how to use a budget to balance your...
View ArticleWhat Happens To My House In A Bankruptcy?
If you own a house when you file for bankruptcy in Ontario, your bankruptcy trustee will help you evaluate your situation to see if you can, and should, keep your home in a bankruptcy. They will talk...
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