If your business is struggling to meet its financial obligations, you’re not alone—and bankruptcy may provide the solution you need. This legal process, guided by the Bankruptcy and Insolvency Act, offers a structured solution to help you regain control.
We specialize in powerful, forward-thinking corporate debt solutions that work. Our trusted guidance will help you navigate this challenging time with confidence and clarity.
Bankruptcy shields you from any further action by unsecured creditors while you complete the paperwork necessary to terminate your business.
The purpose of bankruptcy is to provide a borrower, who is overburdened with debt, with an opportunity to properly terminate a non-viable business.
Bankruptcy provides a mechanism to liquidate your business’ assets and provide a final accounting to the creditors.
Our Licensed Insolvency Trustees (LIT) can provide information about the Bankruptcy Insolvency Act and help you determine if this is the right solution for your business.
Monthly income and expense reports must be submitted to Trustee for review.
Surplus income payments may fluctuate according to monthly income.
Negatively impacts your credit score for six years after completion.
Creditors can oppose discharge and a court hearing may be required to get out of Bankruptcy.
We can help you weigh your debt-relief options so that you can make a confident and well-informed decision.
Sign up to receive debt management tips, solutions, and news in our monthly newsletter.
