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
February 28, 2020
First of all, I would like to thank Amit Bhatia for introducing us to SPERGEL. Through him, I was able to know theses two amazing staff Ewelina Vicente and Karen Congdon...More
February 27, 2020
I've had a fair and great experience over the years being with SPERGEL, now this chapter is close and i want to say thank you for you help.More
February 25, 2020
Spergel team helped me get back on track financially and now I'm back on my feet. Thank you Spergel!More
February 24, 2020
Efficient, nonjudgmental and friendly. I’m very happy with service so far!More
February 22, 2020
everything was in order..thank you for a good service..More
February 21, 2020
Great, good helpMore
February 21, 2020
Ewelina was extremely helpful and was able to answer all my questions. She was fast and efficient in getting me the answers I needed. My credit score has gone back up. I feel so...More
February 20, 2020
I am so amazed,I saw results 2 days after my consultation with Steven. He went above and beyond to help me, no upfront feesMore
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.