Answers to Your Bankruptcy Questions

Do you have questions about bankruptcy in Ontario? Welcome to our commonly asked questions page, below are answers to frequently asked questions about filing bankruptcy, consumer proposals and other topics related to dealing with debt.

For each question there is a textual answer to which you can get by clicking on the question and multi-media answers (to the right) denoted by:

• audio / video / blog posting

Frequently Asked Questions & Answers

Dealing with Debt
I can't pay my bills, what debt management options are available to me?
If I have too much debt, what do I need to do to deal with my debts and get a "fresh start"?
Can I speak to someone about my financial situation?
How can I stop collection calls?
How can I stop a wage garnishment?
Bankruptcy
Where can I find information about personal bankruptcy?
How will my bankruptcy affect my spouse?
How do I file for personal bankruptcy in Ontario?
What will happen with my house after filing bankruptcy?
What happens to child support if I go bankrupt? Do I still have to pay it?
What happens with cars in bankruptcy?
What happens to student loan debt if I go bankrupt?
What happens at bankruptcy discharge?
What are some bankruptcy offences I should be careful about?
Where can I find explanation for common bankruptcy terms?
What are duties of a bankrupt?
How many people go bankrupt according to bankruptcy statistics?
What are some bankruptcy warning signs?
How big will be my surplus income payment if I go bankrupt?
Where can I find a Superintendent of Bankruptcy office?
Alternatives to Bankruptcy
What are my alternatives to bankruptcy?
How can I make my personal budget work for me?
How can I get a debt consolidation loan?
What is a consumer proposal?
How do I know if credit counseling a good option for me?
Dealing with Tax Debt
What are my options when dealing with income tax debt?
Are there any ways to negotiate with Revenue Canada about paying back the taxes I owe?
If I go bankrupt, what happens to my tax return? Do I still get a tax refund?
Credit Repair
How can I get a copy of my credit report?
Does it cost me to get a copy of my Credit Report?
Why is a Credit Report important?
What is the "R" scale?
How can I repair my credit?
If I go bankrupt, will I ever get credit again?
Consumer Proposals
What is a consumer proposal?
Will a consumer proposal stop wage garnishments?
Who can make a consumer proposal?
What is the process of filing a consumer proposal?
How does a proposal get accepted?
What happens if my proposal gets rejected?
What happens if my proposal is accepted, and then I stop making payments on my proposal?
What does it cost to make a proposal?
Collection Agents
A collection agent is threatening to take my furniture, can they do that?
How can I make collection agents stop calling?

For further information, please contact our bankruptcy trustees. They provide a no-charge initial consultation and will be happy to answer all your bankruptcy questions, or any other debt management related questions you might have.

Our bankruptcy offices in Ontario
Contact a bankruptcy trustee
About bankruptcy trustees at Hoyes Michalos