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Discover helpful insights and expert guidance on filing for personal bankruptcy in Canada.
Yes, you can file for personal bankruptcy in Canada even if you have no assets to sell. A Licensed Insolvency Trustee (LIT) will review your debts, income and property, explain what you can keep, and file the paperwork if bankruptcy is right for you.
Each year, the Office of the Superintendent of Bankruptcy (OSB) updates the surplus income limits for individuals filing for bankruptcy in Canada.
Considering filing bankruptcy or a consumer proposal in Canada? These are powerful legal debt relief solutions that can help you erase debt and rebuild your financial future.
Bankruptcy is one of the most misunderstood financial topics, often surrounded by myths and misconceptions.
When financial struggles begin to spiral out of control, bankruptcy may seem like the only way out.
For many Canadians, bankruptcy can feel like the end of any financial opportunities, but this isn’t the case.
The Bankruptcy and Insolvency Act (BIA) is a cornerstone of Canada’s financial legal framework, providing individuals and businesses with a structured way to address unmanageable debt.
A huge advantage of bankruptcy is being able to reset your finances, and begin afresh. It means you’re free from your unsecured debts, and you are given the chance to begin rebuilding your credit report and saving money.
For anyone struggling with more debt than they can afford to repay, filing bankruptcy could be an excellent way to clear any unmanageable debts.
Bankruptcy can provide a fresh financial start for individuals struggling with overwhelming debt, but it comes with long-term consequences, particularly for your credit.
For many, one of the most stressful elements of being in debt or facing insolvency is harassment from collection agency calls, or creditors threatening to pursue legal action or a wage garnishment against you.
When faced with financial challenges, you may come across the terms insolvency and bankruptcy.
Not sure where to start? Our easy-to-use calculator helps you estimate how much a consumer proposal could reduce your debt.
“Spergel has been a true lifesaver for me. Facing overwhelming debts and a very challenging time in my life in general, they expertly navigated me through the bankruptcy process with compassion and efficiency. Their hands-on approach made the process seamless. Now, I’m on the road to financial recovery, free from the burdens of the past. Thank you, Spergel, for providing the support I needed for a fresh start.”
– David, Ontario
David’s story is just one example of how bankruptcy, when guided by the right support, can offer real hope and lasting relief. Whether you’re dealing with personal loans, tax debt, or creditor pressure, bankruptcy can be a lifeline. Explore more Success Stories from Canadians we’ve helped — or reach out so we can help you, too.
Don’t take our word for it. See what some of our past clients have said.
Let’s find out if you qualify. Contact us to set up a conversation about your situation.
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When you call, you will be connected with one of our Licensed Insolvency Trustees (LITs) during our regular business hours.
Toll Free: 1-877-557-7367
Monday to Friday 8am – 7pm EST
Saturday 9am – 4pm EST
Sunday 10am – 5pm EST
You can also reach us at one of our office locations phone numbers. See our list below on this page.
From your phone, you will be connected with one of our Licensed Insolvency Trustees (LITs) during our regular business hours.
Monday to Friday 8am – 7pm EST
Saturday 9am – 4pm EST
Sunday 10am – 5pm EST
Not during office hours? Use our Chat on this page 24/7 and get connected for answers and live chat later.
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Sunday 10am – 5pm EST
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