Please note:  We can only give you legal information here. It is not intended to replace advice from a Licensed Insolvency Trustee or a lawyer. Licensed Insolvency Trustees (also called Trustees) are highly trained professionals and are regulated by the Federal Office of the Superintendent of Bankruptcy to administer commercial and consumer proposals, bankruptcies and receiverships. 

If you owe money and cannot repay your debt, getting professional advice is an important first step to making the right choice. A Trustee can give you advice and services on filing a bankruptcy or a consumer proposal. They may suggest a money management or a debt payment plan option instead.  A Trustee will look at your financial situation and recommend the best course of action. You benefit from knowing your options. They are the best place to start.

Download a summary fact sheet of this Bankruptcy information.

Last reviewed: Sept 2023

Thank you to Licensed Insolvency Trustee Francyne Myers for reviewing this content for accuracy.