How do I file for bankruptcy in Canada?

There are 3 simple steps to filing for bankruptcy in Canada.

Step 1: Contact a Licensed Trustee

In order to file a bankruptcy anywhere in Canada you must enlist the help of local bankruptcy trustee.  A trustee is a person who is licensed by the federal government under the Bankruptcy and Insolvency Act to supervise and administer bankruptcies and proposals in Canada. 

Click here to find a licensed trustee in your area

Click here for more information about who a trustee is and what a trustee does

 Step 2: Meet with a Licensed Trustee

Every trustee through the Canada Bankruptcy network will provide a free and confidential meeting for you to talk about your personal situation and your available options (i.e. consolidation loan, debt management plans, consumer proposals etc.).  Each trustee will review your assets, liabilities, monthly budget and then explain what how the filing of a bankruptcy and some of the other options available will impact you.  

Click here to Schedule a FREE consultation with a local trustee

Step 3: File the bankruptcy and complete your required duties

If a bankruptcy is a good fit for your situation, your trustee will help you prepare the necessary legal documents and make the formal assignment into bankruptcy.  It is at this point that the court protection from your creditors is in place and you simply need to focus on fulfilling the required duties and responsibilities. 

These standard duties and responsibilities include:

  • Preparing and submitting monthly income and expense forms
  • Attending two counselling sessions
  • Providing the necessary tax information to your trustee
  • Making your necessary monthly payments.

Once you are completed these duties you will be discharged from bankruptcy,  the majority of your unsecured debts and you can focus on re-establishing your credit.

For more information on how to file for bankruptcy in Canada or any of your other options you can:

  1. Contact a local trustee directly; or
  2. Review the FAQ portion of our site; or
  3. Post a question to our Anonomyous Blog.

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