Bankruptcy

Bankruptcy is a legal process designed to give a fresh start to someone who is overwhelmed by too much debt by. It is appropriate if you:

  • owe at least $1,000
  • cannot meet your debts as they are due
  • don’t have sufficient assets to cover that debt
  • can’t resolve your financial difficulties any other way

With a few exceptions, bankruptcy lets you stop making payments to unsecured creditors. It also stops collection calls and legal proceedings. Bankruptcy protection is only available through the services of a licensed bankruptcy trustee. Click here to read our Bankruptcy FAQs.

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To see if bankruptcy is the best option for you, call one of our professional counsellors today: in Ottawa, 613-237-5555; out of town, toll free 1-800-517-9926; email info@doylesalewski.ca.