All About Bankruptcy in Canada

Alternatives to Bankruptcy in Canada

Bankruptcy by Province/Territory in Canada

Personal bankruptcy in Canada is a complex legal process. If you live in Canada and are considering declaring bankruptcy we suggest you contact a Bankruptcy Trustee to review all your options. Licensed by the federal government, these Trustees offer free initial consultations to answer any of your bankruptcy related questions or other financial options that may be available to you.

Our qualified Canada bankruptcy trustees are familiar with all aspects of Canadian bankruptcy law. Bankruptcy trustees can help solve your money problems and address any debts or other concerns that might lead to personal bankruptcy.

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		Canada Bankruptcy News Bankruptcies Fall in April Canada's bankruptcy office says there were nearly 13,000 insolvencies reported by individuals and businesses in April, down 10.1 per cent from a year earlier. Globe & Mail - July 14, 2010 Read more ... The new face of debt ... four in 10 Canadians retired with some form of debt, and one in four began retirement with a mortgage on their primary residence. Vancouver Sun - June 14, 2010 Read more ... Bankruptcy filings rise in Alberta Calgary Herald - June 11, 2010 The number of consumers filing for bankruptcy in Alberta spiked in March. Read more ... Is Canada's Property Market Due For A Downturn? With incomes declining, high consumer debt, a high debt to GDP ratio, an abundance of housing inventory and personal bankruptcies at record levels in Canada, some analysts believe it is only a matter of time before the Canadian housing market experiences a dramatic correction. A downturn in the Canadian housing market could negatively impact the country's banks, currency, retailers, manufacturers and construction industry. NuWire Investor - May 20, 2010 Read more ... Canadians' household debt reaches record levels May 11, 2010 Canadians' debt-to-income ratio now ranks first among 20-advanced countries in the OECD and a new study suggests the recession did little to dampen the country's enthusiasm for taking on household debt. Read more ... Spike in bankruptcy rates eases Rising interest rates could push more people toward insolvency, accountants warn Nanaimo Daily News, May 13, 2010 Read more ... Bankruptcies rise, but still down on year Vancouver Sun, May 5, 2010 The latest figures for bankruptcies in Canada showed an 8.2% monthly rise in February to 7,952, which still left it down 16.3% from a year earlier. Read more ... Insolvency down, but problems continue Windsor Journal, April 19, 2010 ... personal bankruptcies finally appear to be on the way down. The number of bankruptcies and proposals to creditors in the Windsor area fell 25 per cent in the first quarter of 2010 compared to 2009, which was probably a record year. Read the article ... Bankruptcies fell in January from the month before A surprising decline – and the biggest in two decades – that experts said is a positive sign for the economy. Read the article ...
		Request a Callback Our Alberta Bankruptcy Trustees can call you at your convenience to discuss your situation. Click here to get a confidential callback from one of our Alberta Bankruptcy Trustees! Note:
		Post a Question Online Alberta residents may post a question to our Bankruptcy Q&A Forum. Click here to ask a question in the Alberta Bankruptcy Q&A Forum Note: The Bankruptcy Q&A Forum for other Canadian provinces will be available soon.

Bill C-12, a bill to amend the Bankruptcy & Insolvency Act. Click here for a summary of the most significant changes to the Canada Bankruptcy and Insolvency Act.