#VIDEO - BANKRUPTCY INFORMATION ONLINE: WHAT EVERY CANADIAN OUGHT TO KNOW# - Ira SmithTrustee & Receiver Inc. - Brandon's Blog (2024)

Is there bankruptcy information online?

There is a large amount of bankruptcy information online. Just go to the website of any Licensed Insolvency Trustee or bankruptcy lawyer. There is information about:

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• Canadian bankruptcy
• the Canadian Bankruptcy Act (BIA)
• general insolvency information

The Ira Smith Trustee website

On our website, you will find bankruptcy information online such as:

• personal insolvency information about bankruptcy alternatives and bankruptcy
• information on corporate insolvency and restructuring and turnarounds
• case study information for our high-profile cases
• our standard personal bankruptcy intake form called our Debt Relief Worksheet
• other required forms
• our list of information in the form of bankruptcy faqs
• information about our eBook: PERSONAL BANKRUPTCY CANADA: Not Because You Are A Dummy, Because You Need To Get Your Life Back On Track
• our video the 12 THINGS A LICENSED INSOLVENCY TRUSTEE MAY NOT TELL YOU
• our blog we publish every Tuesday and our vlog video we publish every Thursday

The other source for information online

You can also find relevant bankruptcy information online at the Superintendent of Bankruptcy Canada website.

To take action you have to take it offline

Once you have gotten the online information, to take action, you need to take it offline. It is not possible in Canada to file online yourself.

To file either a consumer proposal to make debt settlement or bankruptcy, you need to select a Licensed Insolvency Trustee. A Licensed Insolvency Trustee administers the insolvency process in Canada.

The 10 Step Program of the Canadian Insolvency System

1. Meet with a trustee to talk about your personal situation and your options.
2. Work with the trustee to complete the required forms.
3. The trustee filing your consumer proposal or bankruptcy and notifying your creditors.
4. You attend a meeting of creditors if required.
5. You attend two counselling sessions.
6. Subject to your provincial exemptions, the trustee sells your assets; you may also have to make surplus income payments to the trustee.
7. In certain circ*mstances, you may have to attend an examination by an officer at the OSB.
8. The trustee prepares a report to the OSB describing your actions during the bankruptcy.
9. You attend the discharge hearing if required.
10. Your discharge and then the trustee completes the administration.

This is why to take action in the Canadian insolvency system you have to take it offline

How To Take Action To Achieve Debt Settlement

If you’re in deep financial difficulties and are looking for a way out, there is help for you. You need help from experts in debt – professional trustees.

We are:

1. regulated by the Canadian government, as are our fees;
2. licensed and have undergone a background check by the RCMP;
3. subject to a stringent code of ethics; and
4. required to maintain our competence by completing ongoing mandatory professional development each year.

Are you an individual or company who feels your situation is hopeless? Ira Smith Trustee & Receiver Inc. can prepare and put in place the plan MADE JUST FOR YOU. The plan will free you from the burden of your financial challenges. With our help, you will go on to live a productive, stress-free, financially sound life.

Contact today. Starting Over, Starting Now you can free yourself from debt.

THIS VLOG WAS INSPIRED IN PART BY OUR eBOOK – PERSONAL BANKRUPTCY CANADA: Not because you are a dummy, because you need to get your life back on track

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