Bankruptcy Solutions

Bankruptcy has its advantages

How does Filling for Bankruptcy Work?

Bankruptcy is regulated and sanctions by the Canadian Federal Government and can only be filed by Licensed Insolvency Trustees like our professionals at Fontaine & Associates.

Here is how it works.

1. You meet with one of our Trustees for a free confidential assessment of your financial situation.

2. Bankruptcy documents are prepared for your signature;

3. All legal actions against you are immediately stopped.

4. In most cases, your assets are not affected by bankruptcy. You may keep your house, your vehicles, your investments;

5. Your income is protected and cannot be garnished by your creditors.

6. You may be required to make monthly payments to the Trustee. This payment is based on federal guidelines and tailored to your income and family responsibilities;

7. Most debts are completely eliminated by bankruptcy. This includes credit cards, bank loans, business debts, income tax, payday loans, and other types of debts.

8. The bankruptcy process ends with a discharge. In most cases, this discharge is automatic and obtained within 9 to 21 month;

9. Credit counselling is a mandatory part of the bankruptcy process. You will learn to balance your budget, set financial goals, improve your credit rating and get back on the right track.

For more information, contact us for a free confidential consultation.

Your way to financial relief starts here!

We’re here to answer your questions and get you back on track. Schedule your free consultation now!


Covid-19 / Update :

During this pandemic Licensed Insolvency Trustees were listed as an essential service by the provincial government and our company continued to carry on doing business albeit in a different capacity as we did our part to minimize the spread of the Coronavirus. Now that our economy is reopening, we have updated our business operations so that we may continue to serve you in a safe manner. We’ve worked hard to put all the necessary protocols in place to keep you and our team safe.

Our offices are now completely open again for regular business hours. We will however, continue to conduct as many meetings as possible virtually and we will continue to have many of our employees work from home to keep traffic in our offices to a minimum. We also encourage you to call or email the office before stopping in because during this pandemic there have been many changes to allow us to serve you virtually than before.

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