Bankruptcy Lawyer

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Bankruptcy is a legal process that can provide relief to honest but unfortunate debtors. When you are in bankruptcy, no unsecured creditor can garnishee your wages or initiate any other collection action against you.

However, bankruptcies generally do not affect the rights of secured creditors, i.e., those who have a valid security against your property, such as a car or a house.

A bankruptcy can only be filed through a trustee in bankruptcy, an individual licensed by the Office of the Superintendent of Bankruptcy (OSB) to administer the bankruptcy process.

Note: Your own bankruptcy does not affect the liability of anyone who guaranteed or co-signed a loan on your behalf. Your spouse, for example, may be accountable for liabilities incurred jointly with you. It is, therefore, important to make the trustee aware of joint liabilities.

This website is intended to provide information and resources with respect to bankruptcy, insolvency and receivership law for Canadians located throughout Canada, both in the major metropolitan areas, including Toronto and Ottawa, Ontario; Calgary and Edmonton, Alberta; Vancouver, British Columbia; Montreal, Quebec; Halifax, Nova Scotia; Winnipeg, Manitoba; Saskatoon, Saskatchewan; and together with other cities, towns and villages in Canada.  Business. Litigation. Real Estate. Privacy Policy. Copyright 2012.