What Exactly Is Bankruptcy?
The entire process of bankruptcy is made to help individuals that have no chance for getting away from debt and consequently require support. Whenever filing for bankruptcy, you will need to employ a licensed insolvency trustee , that will assist you so that you can expel the money you owe. Provided that your debts are more than $1,000, you are able to theoretically seek bankruptcy relief, based on the Bankruptcy and Insolvency Act of 1985 , which governs bankruptcy and insolvency in Canada.
Does filing for bankruptcy affect your partner? Read More Let me make it clear by what Can’t Be Included once you seek bankruptcy relief?