Bankruptcy Help You Can Count On
Bankruptcy allows you to release your debts, stop collection calls, end wage garnishments, and get on with your life.
Filing bankruptcy is a big step but it doesn’t have to be an overwhelming one. At Spergel, we have been helping clients through personal bankruptcy for 30 years, and we will guide you through each step.
During your free consultation with one of our bankruptcy trustees we can review your options and provide an in-depth explanation of how a bankruptcy will impact you. If you choose to file personal bankruptcy you can expect to be debt free in as little as 9 months. You can even include debts owed for income tax arrears and (in certain cases) student loan debts.
Bankruptcy means that you get a financial fresh start. It provides immediate protection from your creditors and both collection calls and wage garnishments will stop.
Filing bankruptcy will allow you to live your life unburdened by the debts of the past. Discover how good it feels to be debt free.
What Happens When You Declare Bankruptcy?
What really happens when you declare bankruptcy? Bankruptcy allows you to release your debts, stop collection calls, end wage garnishments, and get on with your life. Declaring bankruptcy legally protects you from creditor action. In return you will be required to complete a few basic duties, with the help of your trustee. If you choose to file personal bankruptcy you can expect to be debt free in as little as 9 months.
Personal Bankruptcy Stories
July 20, 2019
I referred someone at the Danforth location and I have had the pleasure to meet Samantha Galea. She is most helpful, polite, efficient and will never make you feel as though you...More
July 18, 2019
July 18, 2019
I filed last year but came back this month for I needed documents for personal reason and Samantha of Spergel from Danforth location was there to assist me in a very fast manner,...More
July 17, 2019
Thanks for your support .More
July 15, 2019
Very kind and knowledgeable, gave detailed options.More
July 15, 2019
Hinna was very kind, understood my situation and helped at the best of her ability. There were no questions unanswered and she helped me quickly and efficientlyMore
July 14, 2019
Very efficient organization, helpful with all inquiries, knowledgable, very responsive,, and highly professional.More
July 9, 2019
Frequently Asked Questions
Consumer proposal or bankruptcy?
Choosing between a consumer proposal and bankruptcy can be difficult. Usually it comes down to a comparison of how much each process would cost on a monthly basis. Work with our Licensed Insolvency Trustees to see which might be the better option for you.
How long does bankruptcy last in Canada?
In Canada, a first-time bankruptcy can be as short as 9 months. If you earn a lot of money while in bankruptcy this term can be extended to 21 months.
Debt Help Learning Centre
If you’re just starting to explore your options, visit our learning centre to learn from our articles and resources to start on your path to debt freedom, and when you’re ready, our trustees are always available to listen.