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Archive for the Bankruptcy in Canada Category

Why Can’t I Refinance My House in an Undischarged Bankruptcy or in a Consumer Proposal?

Why Can’t I Refinance My House in an Undischarged Bankruptcy or in a Consumer Proposal?

We are frequently asked this question: can I refinance my house after filing for bankruptcy or filing for a consumer proposal? Often, consumers are told by banks and other financial institutions that they can’t borrow money while in an undischarged bankruptcy or in a consumer proposal. But…

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So, You Filed for Personal Bankruptcy in Canada – Now What?

So, You Filed for Personal Bankruptcy in Canada – Now What?

If you’ve filed for personal bankruptcy in Canada, you’re not alone. Thousands of Canadians have done the same. In 2016, 66,256 personal bankruptcies were declared in Canada. Of those, about 25,000 were filed in Quebec and roughly 17,500 in Ontario. In addition, 63,471 consumer proposals were received…

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Will I Lose My Car in Bankruptcy?

Will I Lose My Car in Bankruptcy?

Often, when finances become strained to the point of no return, bankruptcy is a viable option to help relieve stress and clear up a mountain of debt. That being said, bankruptcy requires careful consideration and asking some important questions is critical. One such question is ‘will I…

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In The News: Bankruptcy in Canada on the Rise

In The News: Bankruptcy in Canada on the Rise

Back in April, the Huffington Post reported on bankruptcy in Canada and noted that, according to the Office of the Superintendent of Bankruptcy (OSB), the number of consumer insolvencies (bankruptcies and consumer proposals) in Canada jumped by almost 10% over the past year. Have things changed since…

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