Important facts you should know about bankruptcy
You will not "lose everything" if you file bankruptcy in Canada. When claiming bankruptcy in Ontario, most personal belongings are exempt from seizure. It's even possible to keep your car and house when filing for bankruptcy in Ontario!
You get a fresh financial start when you file for bankruptcy in Ontario. It is a legal process that allows you to eliminate most (if not all) of your debts. Collection agencies and creditors stop calling. Wage garnishments stop.
You could be eligible for an automatic discharge in 9 months – if you are a first-time bankrupt with no surplus income, if you have completed all of your duties and if no creditors object.
There are alternatives to bankruptcy that might be a better solution for you.
What do I do next?
Setup a no-charge meeting with one of our trustees so we can sit down with you and determine if filing an Ontario bankruptcy is the right solution for you.
Here's how to contact us:
Chances are this is one of your first stops if you’ve been searching the web for information about bankruptcy in Ontario.
At Hoyes, Michalos and Associates we are proud to be a team of understanding professionals who are experts in bankruptcy, consumer proposals and all Ontario debt management options.
Be sure to contact us if you need help with your money problems.