Bankruptcy Canada Ontario

Foreseeing a bankruptcy in Canada, Ontario residents should search for information about bankruptcies and try to bet their questions answered. You may want to know if you are eligible to file for bankruptcy. Yes, you can if you are at least 18 years of age, owe at least $1,000.00, and are unable to meet regular payments to creditors as they become due.

You should note that all your debts must be included in the bankruptcy: you can't pick and choose. However, some debts will survive the bankruptcy and they will still have to be paid. Such debts include:

• court fines
• things obtained by misrepresentation or fraud
• alimony or maintenance payments
• award of damages by a court for intentionally inflicting bodily harm or sexual assault
• student loans if bankruptcy is filed prior to or within 10 years after termination of studies

For bankruptcy in Canada, Ontario information, David Sklar & Associates can help you find your way through the minefield of bankruptcy procedures. Browse this web site for more bankruptcy in Canada, Ontario information.

 

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