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.

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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

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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.
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