If some of your debts have been turned over to a collection agency, the lender may be slow to notify the collection agency, even though your licensed insolvency trustee will notify all creditors who lent you money of your bankruptcy application within five business days of filing for bankruptcy. If this happens, simply tell the collection agency that they must, by law, contact your licensed insolvency trustee from now on. Then give them his or her name and phone number.
Frequently Asked Questions
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- What is bankruptcy in Canada?
- Will bankruptcy wipe out all my debts?
- Will bankruptcy stop my creditors harassing me?
- What are the advantages of bankruptcy?
- What are the disadvantages of bankruptcy?
- What is the difference between a consumer proposal and bankruptcy?
- What causes bankruptcy?
- What is a licensed insolvency trustee?
- Can I choose my own licensed insolvency trustee?
- Does the licensed insolvency trustee work for me?
- Will the licensed insolvency trustee come to my house?
- Are my tax debts forgiven in bankruptcy?
- Are tax debts different from other debts during bankruptcy?
- Why did my licensed insolvency trustee tell me to file all outstanding tax returns?
- How long does bankruptcy last?
- What is Chapter 7 bankruptcy?
- What is Chapter 13 bankruptcy?
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- What are my responsibilities if I go bankrupt?
- Am I eligible to file for bankruptcy?
- I have filed for bankruptcy, but why am I still getting calls and letters from collection agencies?
- When should I declare bankruptcy?
- Does it cost anything to declare bankruptcy?
- Should I feel bad that I declared bankruptcy?
- Do I have to list all my debts when filing for bankruptcy?
- What is required of me during bankruptcy?
- Why does my licensed insolvency trustee require me to fill out a budget?
- How do I make a budget for my bankruptcy assessment?
- Why does my licensed insolvency trustee need a monthly financial report?
- Why must I attend credit counselling in bankruptcy?
- Can you tell me about my debts and bankruptcy?
- Are there debts that I can’t get rid of during bankruptcy?
- I’m declaring bankruptcy because of taxes. Is this allowed?
- Will I still owe my student loan after bankruptcy?
- Can I keep my car during bankruptcy?
- Can I keep my RRSP during bankruptcy?
- Can I keep my home if I declare bankruptcy?
- Will I still be able to rent an apartment or home if I declare bankruptcy?
- Can I keep a credit card during bankruptcy?
- Is it okay to use a credit card if I am thinking about bankruptcy?
- Can I get a checking account after bankruptcy?
- If I’m married and I file for bankruptcy, does it affect my spouse’s credit?
- If I file for bankruptcy, will it be noted on my spouse’s credit file?
- Will filing for bankruptcy affect my job situation?
- Who will find out about my bankruptcy?
- Can I get utility services (telephone, cable, hydro, gas, etc.) after bankruptcy?
- Can I keep any money if I declare bankruptcy?
- Can I go to jail for not paying my debts?
- What happens if I live in both Canada and the U.S. and declare bankruptcy?
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- Are there alternatives to bankruptcy?
- Can I avoid bankruptcy by changing my spending?
- What is the difference between a consumer proposal and a consolidation loan?
- Is a consumer proposal a better solution than a debt management plan?
- I can’t afford to pay back my student loan and it’s been less than seven years since I left school-what are my options?
- I co-signed on a loan for someone who declared bankruptcy. What happens now?
- If my spouse declares bankruptcy and I am listed on their credit cards, am I responsible for the debt?
- I am divorced and my ex has declared bankruptcy. Do I still owe for debts and credit cards that I co-signed with my spouse?
- What is surplus income?
- What are unsecured debts?
- What is a secured debt?
- The collection agency is threatening to take me to court: can they do that?
- What happens if a collection agency takes me to court?
- I am behind on my debt payments; can a collection agency take my furniture, electronics, clothes, etc.?
- I am being harassed by a collection agency: what can I do?
- How do I find out if someone is bankrupt?
- Can I stop a wage garnishment?