Insolvency and Bankruptcy Law

People who find themselves in financial difficulty have two options. They can either file a proposal or they can file for Bankruptcy, both under the Bankruptcy and Insolvency Act. To either file a Proposal or go bankrupt, it is necessary for a person to be insolvent, which means you must owe at least $1,000 and be unable to meet their debts as they are due to be paid. However, bankruptcy and insolvency law is a complex area and all of your options must be carefully considered prior to making a decision.

Our personal law experts can give you the guidance you need to make the right choice, and help you proceed once a course of action has been determined.