Personal Debt Solutions Canada - Frequently Asked Questions

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"I had no idea that there was any other option for me other than going bankrupt. I was great to be able to file a Proposal to my creditors, so I didn't have to go bankrupt. "
~Gord - Victoria


"I now feel that I can answer the phone and open my mail without being concerned with who was on the other end looking for money. "
~Ginger - Victoria


"I feel like I was treated fairly. "
~Brad - Mill Bay


Personal Bankruptcy – Debtor and Creditor rights and responsibilities

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Understanding the different rights that the Bankruptcy and Insolvency Act sets out for both debtors and creditors will help you navigate the debt repayment process no matter which option is chosen to repay personal debt obligations.

If I assign myself into bankruptcy, are co-signed debts discharged?Answer

If I attend one of your free consultations to seek advice about my debts, do you contact my creditors?Answer

If I go bankrupt and am relieved of my debts, how long does this stay on my record? Will I ever be able to get a credit card again, or buy a house?Answer

2013-11-26 22:54:40

Consumer Proposals Continue to Rise in Popularity

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2014-02-14 00:01:50

Consumer Proposal Victoria - Is this an Option for You

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2014-05-28 16:46:32

Credit Counsellor vs. Trustee in Bankruptcy

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2014-06-11 16:12:40

What happens if I can't make my Proposal payments?

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2014-06-17 20:03:06

How likely is it that my consumer proposal will be accepted?

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2014-07-21 21:27:27

Consumer Proposal Rejections and RBC

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2014-08-11 16:24:32

Bankruptcy Trustees: Your Questions Answered

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2014-08-18 16:48:08

What Happens if You Default on Your Consumer Proposal?

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2014-08-25 16:14:53

Consumer Proposal v. Bankruptcy

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2015-09-23 19:25:25

What is a Consumer Proposal?

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