Have you been curious as to how bankruptcy works in Canada? More specifically, how many times you can file bankruptcy? In theory, you can declare bankruptcy as many times as you like in Canada. Practically speaking, however, every time you file the consequences and the difficulty in receiving a discharge from your bankruptcy increases.

The length of your bankruptcy and severity of your discharge from bankruptcy is primarily dependent on two items:

1. How many times you have been bankrupt in the past; and
2. Surplus Income, if you have a requirement. (Read more about surplus income requirements)

These two factors determine the length of your bankruptcy as well as the cost of your bankruptcy.

Declaring bankruptcy in Canada is a serious matter and should not be taken lightly. Filing for bankruptcy requires researching how the process works, how to do it, how much it costs and how long it takes. It must also be done with the help of a qualified professional known as a licensed bankruptcy trustee (known as a Licensed Insolvency Trustee) who will give valuable advice on how best to proceed within the constraints of Canadian law.

Any Canadian citizen considering filing personal bankruptcy needs to become informed about these regulations before making any decisions. This article aims to explain exactly how many times one can declare bankruptcy in Canada and the factors that must be considered.

Bankruptcy Process Timeline and How It Is Affected By Having A Surplus Income Requirement

1st Bankruptcy

Let’s discuss what happens if you declare bankruptcy a single time. The first time you declare bankruptcy, if you do not have a surplus income requirement, you are eligible to receive an automatic discharge from your bankruptcy after 9 months. If you have a surplus income requirement, you are eligible to receive an automatic discharge from your bankruptcy after 21 months and you will be required to make payments for 21 months. Provided you fulfill all of your bankruptcy duties, your trustee will issue you a Certificate of Discharge from your bankruptcy at the expiry of the 9 or 21 months.

When you declare bankruptcy you should know how your credit will be affected. Your credit will be impacted for a period of 6 years from the date of filing.

2nd Bankruptcy

If you have ever wondered ‘Can you go bankrupt twice’, the answer is yes. But if you declare bankruptcy a second time, the process is more complicated.

If you do not have a surplus income requirement, you are eligible to receive an automatic discharge from your bankruptcy after after 24 months. If you have a surplus income requirement, you are eligible to receive an automatic discharge from your bankruptcy after 36 months and you will be required to make payments for 36 months. Provided you fulfill all of your bankruptcy duties, your trustee will issue you a Certificate of Discharge from your bankruptcy at the expiry of the 24 or 36 months.

Second bankruptcies in Canada are far more damaging than first-time bankruptcies as it relates to credit. Your credit will be impacted for a period of 14 years from the date of filing.

3rd+ Bankruptcy

If you declare bankruptcy a third time or more, the process is even more complicated. You will be required to make payments for a longer period of time, as determined by the Court. You will not be eligible for an automatic discharge.

Conclusion

As you can see, the process and the consequences of declaring bankruptcy in Canada become more severe each time it is done. It is important to note that regardless of whether it is your 1st bankruptcy, or your 2nd if you do not follow the rules and requirements of your bankruptcy, you may not be eligible for an automatic discharge which can have unpredictable consequences as you will be required to attend Court in front of the Bankruptcy Registrar who may impose additional duties. And before you ask, no – there is no worse impact to your house based upon how many times you have filed bankruptcy.

Wisdom From a Licensed Insolvency Trustee: Don’t File Bankruptcy More Than Twice If You Can Help It. There are other options.

While you are allowed to declare bankruptcy as many times as you like in Canada, that doesn’t mean it’s a good idea to do so. In fact, as a Licensed Insolvency Trustee, we generally do not recommend people file bankruptcy more than two times unless the circumstances require it.

As indicated above, if you file more than twice you are not eligible for an automatic discharge from your bankruptcy. This means you have to appear in Bankruptcy Court for an application to obtain your discharge. You will likely be required to answer questions and the Registrar will make a decision as it relates to your discharge. Even if you have fulfilled all of your obligations as outlined by the Bankruptcy and Insolvency Act prior to the Court discharge hearing, it does not mean you will necessarily get a favourable outcome. The Bankruptcy Registrar has significant leeway regarding the outcome of a bankruptcy discharge.

How to avoid a third bankruptcy?

There are several bankruptcy alternatives. A consumer proposal is often a good alternative to claiming bankruptcy in Canada if you have already been bankrupt twice in the past. A consumer proposal is a debt settlement agreement between you and your creditors that allows you to repay a portion of your debts, over a period of time, and avoid declaring bankruptcy.

We have an in-depth article discussing consumer proposals which include the pros and cons, how they work, and how they can be an incredibly effective alternative to bankruptcy depending on your circumstances. Another option, if your credit is good may be a debt consolidation loan, however, readers are cautioned that this can be a double-edged sword and a professional should be consulted.

If you want expert guidance, we invite you to contact us for a free consultation. We can help determine if it is the right time to declare personal bankruptcy and help you file (or avoid, if possible!) bankruptcy in Nova Scotia, Prince Edward Island, and New Brunswick. We will review your unique situation, and explain all of your debt-relief options available to you.

This article was written by Angela Rodgers, CIRP, LIT. She is a Licensed Insolvency Trustee and the President of Powell Associates Ltd. She has worked in the insolvency industry for over 20 years. No matter if you are looking at filing bankruptcy, a consumer proposal, or simply looking for debt management advice, Angela can help.

Why Would My Trustee Oppose My Bankruptcy Discharge

First-time bankrupts with no surplus income requirement will automatically receive a discharge after 9 months or after 21 months if they have surplus income.

Second-time bankrupts will receive an automatic discharge after 24 months, or 36 months if they have surplus income;

Unless they have not:

• Completed the 2 mandatory counselling sessions

• Made all agreed upon payments, including voluntary, surplus income, and equity payments.

• Filed all income tax, payroll, and HST returns related to the period(s) prior to the date of bankruptcy.

• Provided the Trustee with the information necessary to complete the pre & post-bankruptcy income tax returns.

• Filed the required monthly income and expense reports together with supporting documentation.

• Provided additional information or explanations as required by the Trustee to complete the administration of the bankruptcy.

• Fully comply with the duties of a bankrupt.

The Trustee will automatically oppose the discharge of an individual filing for a 3rd or more bankruptcy.  When there is a Trustee opposed discharge, the bankrupt person will be required to attend a Court hearing where additional requirements/conditions may be imposed.

Powell Associates Ltd. is a Licensed Insolvency Trustee. We are experienced, hands-on insolvency practitioners who understand the personal impacts of major financial stress;

• You won’t be stuck in an assembly line process.

• You will expect and receive prompt responses and resolution of issues from our supportive and experienced team.

• We will review your debt solution options, including filing a consumer proposal or personal bankruptcy.

• We help Canadians with overwhelming debt get fresh financial starts.

Once you file a consumer proposal or personal bankruptcy, we deal directly with your creditors on your behalf. Your unsecured creditors are required to stop contacting you or continuing legal proceedings against you. Contact us for a free consultation.

We offer free consultations to review your financial situation and practical debt resolution options. Contact us to discuss your situation over the phone, a video chat, or in-person in Saint John, Moncton, Fredericton, Charlottetown, Dartmouth, or Miramichi.

Advantages of Filing a Consumer Proposal vs. a Bankruptcy

In many circumstances, personal bankruptcy is the only viable option to deal with a financial situation that has gotten out of control.

However, in situations where the debtor has equity in assets (house, vehicle, investments) or has been previously bankrupt, there is another option.  A Licensed Insolvency Trustee can help you put together a settlement proposal to your creditors whereby you pay a portion of what is owed and creditors agree to write off the remaining balance.  This process is known as a consumer proposal and it provides you with the same legal protection from creditors as a bankruptcy.

The structure of the proposal can be creative and involve the sale, over time, of assets and payment of all or a portion of the equity in those assets to your creditors.  This would allow you to settle your debts through a lump-sum payment instead of having to make monthly payments.

Here are some of the main benefits of a consumer proposal:

• Ability to spread equity/surplus income payments over a longer period – i.e. lower monthly payments

• Payments fixed once accepted – no impact if income increases in the future or an inheritance, windfall, or lottery winnings, etc. are received

• Can be paid off early

• Allows you to reduce many types of debt

• Potentially shorter impact on Credit Report

  • Falls off your credit report 6 years from filing, or 3 years from the date you pay it off, whichever comes first.

  • Good for someone who has been bankrupt previously (2nd bankruptcy reports for 14 years on credit report).

  • Keep income tax refunds and GST payments

  • Avoids the negative stigma attached to the “B” word

Powell Associates Ltd. is a Licensed Insolvency Trustee. We are experienced, hands-on insolvency practitioners who understand the personal impacts of significant financial stress;

• You won’t be stuck in an assembly line process.

• You will expect and receive prompt responses and resolution of issues from our supportive and experienced team.

• We will review your debt solution options, including filing a Consumer Proposal or Personal Bankruptcy.

• We help Canadians with overwhelming debt get fresh financial starts.

Once you file a consumer proposal or personal bankruptcy, we deal directly with your creditors on your behalf. Your unsecured creditors are required to stop contacting you or continuing legal proceedings against you. Contact us for a free consultation.

We offer free consultations to review your financial situation and practical debt resolution options.  Contact us to discuss your situation over the phone, a video chat, or in person in Saint John, Moncton, Fredericton, Charlottetown, Dartmouth, or Miramichi.

There are two major credit reporting agencies in Canada: Equifax Canada Co., and TransUnion of Canada. Governed by provincial and federal laws, credit reporting agencies store and maintain credit information about Canadian consumers for use by the creditors who subscribe these services. They gather their information from lenders, collection agencies and public records. Members include banks, finance companies, auto leasing companies, credit card companies and retailers.

If you are already behind on payments to your creditors or are in collections, this is most likely already reflected on your credit rating.

A consumer proposal is usually a matter of public record and reflected on your credit report. This information is available to credit grantors and may affect your ability to get credit in the future.

• A consumer proposal is reported on your credit report for a shorter time than a bankruptcy, and will usually have a low impact on your credit report than a Bankruptcy.

• The consumer proposal stays on your credit bureau report for a maximum of 6 years (including the time during your consumer proposal). That means a 5-year consumer proposal will stay on your credit report for 1 additional year after you have completed all of the terms of your Proposal. Equifax Canada – How Long Does Information Stay on My Equifax Credit Report?

Bankruptcies are also a matter of public record and will be reflected on your credit report.

A first bankruptcy will stay on your credit report for 6-7 years from your discharge date.

• If you don’t have surplus income, you will receive a discharge after nine months.

• If you have surplus income, you will receive a discharge after twenty-one months.

A second bankruptcy will stay on your report for 14 years from your discharge date.

• If you don’t have surplus income, you will receive a discharge after twenty-four months.

• If you have surplus income, you will receive a discharge after thirty-six months.

Powell Associates Ltd. is a Licensed Insolvency Trustee. We are experienced, hands-on insolvency practitioners who understand the personal impacts of significant financial stress;

• You won’t be stuck in an assembly line process.

• You will expect and receive prompt responses and resolution of issues from our supportive and experienced team.

• We will review your debt solution options, including filing a Consumer Proposal or Personal Bankruptcy.

• We help Canadians with overwhelming debt get fresh financial starts.

Once you file a consumer proposal or personal Bankruptcy, we deal directly with your creditors on your behalf. Your unsecured creditors are required to stop contacting you or continuing legal proceedings against you. Contact us for a free consultation.

We offer free consultations to review your financial situation and practical debt resolution options.  Contact us to discuss your situation over the phone, a video chat, or in-person in Saint John, Moncton, Fredericton, Charlottetown, Dartmouth, or Miramichi.

Struggling With Debt Tackle Your Finances Head On

Still applicable in 2022, the following article was published in the April 2016 edition of the District News.

Hiding from the reality of your financial situation will do nothing to improve it. People have a predisposition to hide from the truth, especially when the truth is ugly. Unfortunately, we see this every day.

People come into our office, and we go through their situation. The free consultation is to review their debt-relief options, including consumer proposals, personal bankruptcy.

In many cases, it is clear that a dire financial situation has existed for quite some time. If the situation had been identified and addressed earlier our services may not have been needed. This is not the case for everyone that we meet, however.

Some have suffered misfortune or other life events that have created a dire financial situation despite the fact that they have good money management skills. Separation/divorce, loss of a high paying job, and illness can all be reasons that people are unable to manage or repay their debts.

In this article, we will focus on the ostriches (those that stick their head in the sand to avoid facing the financial ugliness).

We don’t pass judgment on how or why people arrive on our doorstep. No one can change the past. We try to find a solution that addresses their current situation to regain control of their finances and move forward with life. But, we do hope that they will learn from the experience and understand how they got into their situation, so that meeting with a Licensed Insolvency Trustee is only a once in a lifetime event.

We live in a credit culture bombarded with easy credit and never-ending ways to use that credit to satisfy today’s wants and needs without thinking about the cost. This, combined with poor financial literacy, leads many to build a mountain of debt, which is impossible to climb.

The most obvious way people avoid looking at the reality of their situation is by not sitting down, putting everything on paper and seeing where they are. Make a list of all sources of income, monthly living expenses, and your debts and monthly payments. How do your expenses compare to your monthly income? Do you know where your money is going every week, month, year?

Understanding your situation will help you make rational decisions about your future and help you identify and address any problems before things get out of hand.

You can’t prepare a budget if you don’t know where your money is going in the first place. If you don’t do a budget and start planning for your financial well-being, you could be looking forward to a meeting with us before long. It’s best to control your financial world now as no one else is going to manage it for you.

For the next few months, account for every dollar in and out. Write everything down on paper or use a computer spreadsheet. People generally know what their rent/mortgage, utilities, and car payments are and make sure these bills get paid each month. However, expenditures on food, extra-curricular activities, eating out / coffee, gifts, money to kids, are items that are often left unchecked can add up to significant amounts.

The tracking of money in and out is critical and can be where the light goes on. It gives you the base of information you need to see where you can save in the short-term and what expenses you need to change in the medium and long-term to achieve your financial goals.

Budgeting and managing your financial world is something you need to do actively. Initially, it will take some work but, over time, you will get it down to a routine and be able to quickly identify when something is going off-track and deal with it before it becomes a bigger problem.

Thankfully, Canadians who are in financial distress have access to an efficient insolvency system that lets people in financial difficulty reset their financial worlds to move forward. The Canadian insolvency system can be a financial fresh start, for individuals struggling with debt.

If you find yourself in a difficult financial situation and cannot manage it yourself, you can contact us for a free consultation.

Powell Associates Ltd. is a Licensed Insolvency Trustee. We are experienced, hands-on insolvency practitioners who understand the personal impacts of significant financial stress;

• You won’t be stuck in an assembly line process.

• You will expect and receive prompt responses and resolution of issues from our supportive and experienced team.

• We will review your debt solution options, including filing a consumer proposal or personal bankruptcy.

• We help Canadians with overwhelming debt get fresh financial starts.

Once you file a consumer proposal or personal bankruptcy, we deal directly with your creditors on your behalf. Your unsecured creditors are required to stop contacting you or continuing legal proceedings against you. Contact us for a free consultation.

We offer free consultations to review your financial situation and practical debt resolution options.  Contact us to discuss your situation over the phone, a video chat, or in-person in Saint John, Moncton, Fredericton, Charlottetown, Dartmouth, or Miramichi.

On December 2, 2015, the Office of the Superintendent of Bankruptcy Canada released Directive 33, Trustee Designation and Advertising, updating the designation to be used by Licensed Trustees with regards to the advertisement, promotion, and communications related to their services.  All trustees holding a valid license will now adopt the professional designation “Licensed Insolvency Trustee”, which replaces the previous designation of “Licensed Trustee in Bankruptcy”.

The updated designation is welcome news for insolvency professionals as it better captures the broad range of services and level of expertise we offer to our consumer and corporate clients.  Consumers often think that we only provide bankruptcy services and there is a negative connotation to the “bankruptcy” word that can lead consumers to seek out other options, such as unlicensed and unregulated debt settlement firms and for-profit credit counselling agencies.  When that happens, the consumer does not always receive the professional advice and expertise they would otherwise receive if they had reached out to a Licensed Insolvency Trustee.

Powell Associates Ltd. is a Licensed Insolvency Trustee. We are experienced, hands-on insolvency practitioners who understand the personal impacts of significant financial stress; 

• You won’t be stuck in an assembly line process. 

• You will expect and receive prompt responses and resolution of issues from our supportive and experienced team.  

• We will review your debt solution options, including filing a consumer proposal or personal bankruptcy. 

• We help Canadians with overwhelming debt get fresh financial starts.  

Once you file a consumer proposal or personal bankruptcy, we deal directly with your creditors on your behalf. Your unsecured creditors are required to stop contacting you or continuing legal proceedings against you. Contact us for a free consultation.  

We offer free consultations to review your financial situation and practical debt resolution options.  Contact us to discuss your situation over the phone, a video chat, or in-person in Saint John, Moncton, Fredericton, Charlottetown, Dartmouth, or Miramichi.

Is Bankruptcy My Only Option?

Bankruptcy is not the only debt solution option available to resolve overwhelming debt. Your Trustee (Licensed Insolvency Trustee) can also put together a settlement proposal to your creditors. Where you pay a portion of the debt, you owe your creditors, and the creditors write off the remaining balance of the debt. This process is known as a consumer proposal, and it provides you with the same legal protections as a personal bankruptcy.

If the majority of your creditors agree with the consumer proposal, the consumer proposal is binding on all creditors. Even creditors that did not agree with the consumer proposal.

A consumer proposal can provide for a fixed monthly payment, which will not increase if your income goes up. A consumer proposal can allow you to maintain control over your assets. Such as your house, vehicles, RESPs, and RRSPs, and you get to keep your income tax refunds.  

The structure of the consumer proposal can be creative or as simple as fixed monthly payments. You could sell an asset and pay a portion of the sale price to your consumer proposal. The Trustee will help you craft a consumer proposal that suits your situation.

Powell Associates Ltd. is a Licensed Insolvency Trustee. We are experienced, hands-on insolvency practitioners who understand the personal impacts of major financial stress;

• You won’t be stuck in an assembly line process.

• You will expect and receive prompt responses and resolution of issues from our supportive and experienced team.

• We will review your debt solution options, including filing a consumer proposal or personal bankruptcy.

• We help Canadians with overwhelming debt get fresh financial starts.

Once you file a consumer proposal or personal bankruptcy, we deal directly with your creditors on your behalf. Your unsecured creditors are required to stop contacting you or continuing legal proceedings against you. Contact us for a free consultation.

We offer free consultations to review your financial situation and practical debt resolution options. Contact us to discuss your situation over the phone, a video chat, or in-person in Saint John, Moncton, Fredericton, Charlottetown, Dartmouth, or Miramichi.

Am I Responsible For the Debt of My Business?

If your business is incorporated, you may still have personal obligations for certain debts.

1. Debts that you guaranteed – Commonly, shareholders provide personal guarantees to banks for loans or mortgage. To Bank or finance companies for equipment or vehicle financing or leases and some suppliers may require personal guarantees.

2. Director Liabilities – If you are a director of a corporation, you may be liable for certain debts. The most common debts that fall into this category are; unremitted payroll deductions and HST, and the penalties and interest. Also, directors are generally liable for environmental damages caused by the Company. Corporate income taxes are not a personal obligation of the directors.

3. Unpaid wages – depending on the province where the corporation is registered, the director may also be responsible for unpaid wages.

If you operate your business as a sole proprietor, you are personally responsible for all the debts of that business. If you are a partner in a partnership, you and your business partner are jointly liable for all the debts of the partnership, not just your own portion.

Individuals with businesses often require debt solution options that resolve both personal and business debts, you can’t fix one without dealing with the other. Consultation with a Licensed Insolvency Trustee experienced with business-related debts is extremely important.

Powell Associates Ltd. is a Licensed Insolvency Trustee. We are experienced, hands-on insolvency practitioners who understand the personal impacts of major financial stress; 

• You won’t be stuck in an assembly line process. 

• You will expect and receive prompt responses and resolution of issues from our supportive and experienced team.  

• We will review your debt solution options, including filing a consumer proposal or personal bankruptcy. 

• We help Canadians with overwhelming debt get fresh financial starts.  

Once you file a consumer proposal or personal bankruptcy, we deal directly with your creditors on your behalf. Your unsecured creditors are required to stop contacting you or continuing legal proceedings against you. Contact us for a free consultation.  

We offer free consultations to review your financial situation and practical debt resolution options. Contact us to discuss your situation over the phone, a video chat, or in-person in Saint John, Moncton, Fredericton, Charlottetown, Dartmouth, or Miramichi.

Can I Claim Bankruptcy a Second Time?

Yes, you can declare personal bankruptcy a second time, as long as you have been discharged from your first bankruptcy and meet the following criteria.

• you are unable to pay your debts as they become due;

• you have ceased making your payments as they generally come due; or

• your assets, if liquidated, would not provide sufficient funds to pay all of your debts in full.

If you don’t have surplus income, comply with your duties and cooperate with your trustee on other estate matters. You are eligible to be discharged from your second bankruptcy, after 24 months.

The following are some of the duties of a bankrupt:

• Complete two mandatory financial counselling sessions with a Licensed Insolvency Trustee office;

• Report your monthly take-home income to your Licensed Insolvency Trustee office for at least 22 months.

If you have surplus income, you will be eligible for discharge after 36 months or when all your required surplus income payments have been paid.

A second bankruptcy will be recorded on your credit report for 14 years.  

If this is your second time experiencing financial difficulty, you should consider filing a consumer proposal rather than a second bankruptcy.  The consumer proposal will only be recorded on your credit report three years after the consumer proposal is completed.

A third time bankrupt is not eligible for an automatic discharge. Your trustee will have to apply to the Court for a bankruptcy discharge hearing.

Powell Associates Ltd. is a Licensed Insolvency Trustee. We are experienced, hands-on insolvency practitioners who understand the personal impacts of major financial stress; 

• You won’t be stuck in an assembly line process. 

• You will expect and receive prompt responses and resolution of issues from our supportive and experienced team.  

• We will review your debt solution options, including filing a consumer proposal or personal bankruptcy. 

• We help Canadians with overwhelming debt get fresh financial starts.  

Once you file a consumer proposal or personal bankruptcy, we deal directly with your creditors on your behalf. Your unsecured creditors are required to stop contacting you or continuing legal proceedings against you. Contact us for a free consultation.  

We offer free consultations to review your financial situation and practical debt resolution options. Contact us to discuss your situation over the phone, a video chat, or in-person in Saint John, Moncton, Fredericton, Charlottetown, Dartmouth, or Miramichi.

]]> https://maritimetrustee.ca/blog/does-my-bankruptcyproposal-trustee-work-for-me-or-my-creditors/ Tue, 16 Dec 2014 06:00:26 +0000 https://maritimetrustee.ca/uncategorized/does-my-bankruptcyproposal-trustee-work-for-me-or-my-creditors/ Your Trustee's job is to administer your bankruptcy or consumer proposal following the Bankruptcy and Insolvency Act.

Does My Trustee Work For Me or My Creditors?

Updated:  March 2, 2022

Trustees are professionals who are licensed and regulated by the federal government under the Bankruptcy and Insolvency Act (“BIA“). Learn what is a Licensed Insolvency Trustee here. Most Trustees are also members of the Canadian Association of Insolvency and Restructuring Professionals (“CAIRP“), a national organization. Trustees must follow professional ethics and code of conduct rules and guidelines set out in the BIA and issued by CAIRP.

• Your Trustee’s job is to administer your bankruptcy or consumer proposal following the Bankruptcy and Insolvency Act.

• The Trustee is accountable to all parties involved in your bankruptcy or consumer proposal; you, your creditors and the Court.

• The Trustee is required to administer your bankruptcy or consumer proposal in a fair and unbiased manner and to respect you and your creditors’ rights.

While Trustees are all governed by the Bankruptcy and Insolvency Act, not all are members of CAIRP. Like choosing a lawyer or accountant, you should be comfortable with your Trustee and how he/she interacts with you, explains your options and the process as it affects you. If you are not comfortable, you should contact another Trustee.

It’s important to understand that Trustees are the only professionals who can provide personal bankruptcy or consumer proposal services in Canada. So if you are wondering who to talk to about a consumer proposal or bankruptcy, a Trustee is your answer.

There are debt settlement companies and credit counselling companies that offer other debt solutions. None of these companies are regulated, and they do not have the power or authority of the Bankruptcy and Insolvency Act.

If you are considering using a debt settlement or credit counselling company, you should also contact a Trustee to understand how personal bankruptcy and consumer proposal would work for you.

Most Trustees will provide you with a FREE consultation to review your situation and outline the options.

Resolving your financial situation is a serious matter. Ensure that you understand your options from the professionals who can properly assess your situation.

Powell Associates Ltd. is a Licensed Insolvency Trustee. We are experienced, hands-on insolvency practitioners who understand the personal impacts of major financial stress;

• You won’t be stuck in an assembly line process.

• You will expect and receive prompt responses and resolution of issues from our supportive and experienced team.

• We will review your debt solution options, including filing a consumer proposal or personal bankruptcy.

• We help Canadians with overwhelming debt get fresh financial starts.

Once you file a consumer proposal or personal bankruptcy, we deal directly with your creditors on your behalf. Your unsecured creditors are required to stop contacting you or continuing legal proceedings against you. Contact us for a free, no-obligation consultation.

We offer free consultations to review your financial situation and practical debt resolution options.  Contact us to discuss your situation over the phone, a video chat, or in-person in Saint John, Moncton, Fredericton, Charlottetown, Dartmouth, or Miramichi.

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