Bankruptcy Help

What Happens to my Secured Debts in Bankruptcy?

When it comes to bankruptcy, not all debts are the same. There are two different kinds of debts—unsecured and secured debts. In bankruptcy, only your unsecured debts are discharged. That may leave you with the question: What happens to my secured debts? Secured versus Unsecured Debts A secured debt is one that is attached to some sort of collateral. This…

Canada Bankruptcy Paperwork Explained

One of the most important elements of filing for bankruptcy is the proper execution of essential documents. Bankruptcy paperwork is handled by a bankruptcy trustee. These professionals guide individuals through the process of bankruptcy as required by the Bankruptcy and Insolvency Act (BIA).  Understanding the paperwork your trustee will file in your behalf will help you provide the information your…

How Will Bankruptcy Affect My Spouse in Canada

As you explore your debt relief options in Canada, you might be asking, "How will bankruptcy affect my spouse?"  The good news is that your partner is NOT responsible for the legal debts you have incurred when you have acted alone.  Individually contracted debt by one spouse does not obligate the other.  If however, both you and your partner’s names are on…

6 Options Worse Than Bankruptcy

Options Worse Than Bankruptcy? How Can It Be? There’s a lot of shame that comes with declaring bankruptcy. For many people, choosing this option – even when it’s the only viable one that remains – feels like failure. In the U.S. in 2006, professors Deborah Thorne and Leon Anderson of Ohio University assessed the level of shame and stigma attached…

Bankruptcy: Fresh Start or Disaster?

The problem with debt is that it often gets much worse before it gets better. If you’re in really deep, you’ll struggle to make ends meet, creditors may begin harassing you and you’ll begin to wonder if you’ll ever be able to turn things around. But no matter how bad things get, people tend to cringe at the mention of…

Bankruptcy Protection in Canada

Bankruptcy Protection If you are struggling financially under a crushing burden of debt, the Bankruptcy and Insolvency Act (BIA) – the federal law governing bankruptcies in Canada – offers you full legal protection from your creditors. As you may already know, the further you fall behind with your creditors, the more incessant their efforts to collect become. First, it’s a…

Bankruptcy Law

The Bankruptcy and Insolvency Act (BIA) The principal legislation governing bankruptcy in Canada was created by the Office of the Superintendent of Bankruptcy and is spelled out in the Bankruptcy and Insolvency Act (BIA) of Canada.   The Bankruptcy and Insolvency Act recognizes there are two parties in any bankruptcy filing – the debtor and his or her creditors.  Each has…

Video Interviews

Video Interviews Visit Personal Bankruptcy Canada's YouTube Channel for video interviews featuring many of the PBC Member Trustees.  From Members helping our community to Members educating our community, you'll find everything you need right here. Check out the list of sample videos below or visit our channel for the full list of available video interviews. Less is More Financial Resolutions https://www.youtube.com/watch?v=fKmoAF1pM3M…

Media Contacts

Media Contacts If you are on deadline and require an immediate response, or would like to schedule time with David Smith, President of Personal Bankruptcy Canada or a PBC Member Trustee, please reach out to our media contact at the number below. Jeff Fredericks Media Relations (647) 963-6957 jeff@springwatercom.com If you are not a member of the media, please submit your…

Your Top Bankruptcy Questions Answered

Bankruptcy Questions If you are struggling with debt and considering your options, it’s likely you have bankruptcy questions. Whether you want to know if bankruptcy is your best option, what to expect, or how to rebuild your credit after bankruptcy, you need answers you can rely on from a source you can trust. What questions should I ask? Bankruptcy can…