Ontario Bankruptcy

In the province of Ontario, bankruptcy is a proceeding that is available to a person to cope with a financial crisis. One of the main purposes of bankruptcy is to afford the opportunity to a person, who is hopelessly burdened with debt, to free himself from the debt and get a "Fresh Start".

With bankruptcy in Ontario, the bankrupt must keep the Trustee informed as to where the bankrupt is living and also must respond to the Trustee's requests and assist him as required and provide whatever information is requested. The bankrupt must also provide the Trustee with reports as to earnings and living expenses and any change in the bankrupt's family situation.

The Trustee will provide the bankrupt with appropriate forms to be filled in that will provide the Trustee with the necessary information. Learn what other responsibilities and rights you may have during an Ontario bankruptcy by continuing to browse this site.

 

 

Want to consolidate your debts and make one monthly payment?
Facing Bankruptcy ? Toronto trustee David Sklar and Associates serve the Greater Toronto Area and South Western Ontario