COVID-19 Update: During the pandemic all meetings can be done virtually from the comfort of your own home.

Book an Appointment

Is it time for us to meet?

If you’re thinking about booking an appointment, then you’ve already taken the first step by deciding you need help or advice with your personal or corporate debt. That’s often the most difficult step. We understand and we’re here to help.

The sooner we meet, the greater the likelihood of a positive outcome. Call our toll free number, call the number of the office closest to you, or send us an email by filling in the form below.

We’re looking forward to taking the stress off your shoulders and helping you live life again.

1.877.944.1177








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    Our Process

    You’ve made the difficult decision to explore personal or corporate debt restructuring and now you’re wondering, “What happens next?”

    First, let us say congratulations. It isn’t always easy deciding that you need assistance, but it’s more common than you know and the earlier you start, the better the chance for a positive outcome.

    Next, understand that we want to make the entire process as easy and positive as possible. We will never judge or pressure you; we are only here to help.

    Our process begins with information gathering. We have a responsibility to collect as many details about your financial situation as possible so we know exactly what we’re dealing with.

    After we have collected the information, our team, including a Licensed Insolvency Trustee, will determine the most advantageous option and present it to you, carefully explaining all of the pros and cons.

    After that, you are certainly welcome to take the information home and think about it to see if you have any further questions.

    When you make the decision to proceed, our experts do the heavy lifting and work with you, side by side, until the project is completed.

    Our process ends when your brighter days begin.

    Personal Bankruptcy

    What is personal bankruptcy?

    When our clients first meet with us to discuss debt solutions with our Licensed Insolvency Trustees, many of our clients say, “Anything but bankruptcy.” After we explain all the options, their next question is, “Well, why wouldn’t I choose bankruptcy?” The word bankruptcy has several negative connotations, but when you consider all the facts, bankruptcy is just another tool to get you back on financial track. The best option will depend on your unique financial situation.

    Personal bankruptcy is a legal process administered under the Bankruptcy and Insolvency Act. Personal bankruptcy provides you with immediate protection against any further collection or legal action by your unsecured creditors, including the Canada Revenue Agency for income tax debt or Goods and Services Tax debt. The purpose of personal bankruptcy is to provide an individual that is overburdened with debt an opportunity to get a fresh financial start. When compared to other debt restructuring plans, personal bankruptcy is usually the least expensive and quickest option to eliminate your debt, taking as little as nine (9) months to complete.

    Bankruptcy offers peace of mind

    Once you file for bankruptcy, all action by your unsecured creditors for the recovery of your unsecured debts will immediately stop, including telephone calls, collection action and legal action. Wage garnishments, bank account seizures and unencumbered asset seizures will also be terminated immediately. To file a personal bankruptcy, you must:

    • owe at least $1,000;
    • be unable to make or stopped making your regular monthly payments to your creditors as they become due; or
    • have an insufficient amount of proceeds from the sale of all your assets and property at fair market value to pay all your debts or obligations in full.

    When you file personal bankruptcy, you are voluntarily entering into a legal process that provides you with immediate protection against any further action by your unsecured creditors including the Canada Revenue Agency for income tax or Good and Service Tax debt. Once you enter into bankruptcy, you will need to be discharged from bankruptcy or released from bankruptcy to obtain your fresh start. Your discharge from bankruptcy will release you from bankruptcy and any further legal responsibility regarding your unsecured debts.

    If you are filing bankruptcy for the first time and have no surplus income, the length of the bankruptcy is nine (9) months. If you have surplus income, the length of the bankruptcy is twenty-one (21) months.

    If you are filing bankruptcy for a second time and have no surplus income, the length of the bankruptcy is twenty-four (24) months. If you have surplus income, the length of the bankruptcy is thirty-six (36) months.

    When you’re considering debt restructuring options, it’s important to get all the facts, and we have them. Let’s talk. Our Licensed Insolvency Trustees can help.

    Thanks you for your kindness and support. You made this a very easy process.

    Karen B.

    Our Process

    You’ve made the difficult decision to explore personal or corporate debt restructuring and now you’re wondering, “What happens next?”

    First, let us say congratulations. It isn’t always easy deciding that you need assistance, but it’s more common than you know and the earlier you start, the better the chance for a positive outcome.

    Next, understand that we want to make the entire process as easy and positive as possible. We will never judge or pressure you; we are only here to help.

    Our process begins with information gathering. We have a responsibility to collect as many details about your financial situation as possible so we know exactly what we’re dealing with.

    After we have collected the information, our team, including a Licensed Insolvency Trustee, will determine the most advantageous option and present it to you, carefully explaining all of the pros and cons.

    After that, you are certainly welcome to take the information home and think about it to see if you have any further questions.

    When you make the decision to proceed, our experts do the heavy lifting and work with you, side by side, until the project is completed.

    Our process ends when your brighter days begin.

    Book an Appointment

    Is it time for us to meet?

    If you’re thinking about booking an appointment, then you’ve already taken the first step by deciding you need help or advice with your personal or corporate debt. That’s often the most difficult step. We understand and we’re here to help.

    The sooner we meet, the greater the likelihood of a positive outcome. Call our toll free number, call the number of the office closest to you, or send us an email by filling in the form below.

    We’re looking forward to taking the stress off your shoulders and helping you live life again.

    1.877.944.1177








      This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.