111 Waterloo Street, Suite 310
London, ON N6B 2M4

Does a licensed Insolvency trustee work for me or for my creditors?

September 6, 2017

Neither, a Licensed Insolvency Trustee is required to be neutral in all his or her dealings.  A licensed Insolvency Trustee is an Officer of the Court regulated by the Federal Government.

How long will a proposal be on my credit report?

September 6, 2017

Most proposals show on a credit report for a term of eight years from the date they are filed, that is five years of repayment and three years following the final payout.

How long will bankruptcy be on my credit report?

September 6, 2017

A first-time bankruptcy will show on your credit report for six years following your discharge a second or subsequent bankruptcy will show up for fourteen years.

Can I have a bank account?

September 6, 2017

Yes, in fact it is a good idea to open a new bank account to ensure you maintain control over you finances and income.

Do my creditors get my pension?

September 6, 2017

No, pensions are exempt from seizure under pension and benefits legislation.

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