Government Amends Insolvency Legislation relating to RRSPs and Student Loans (July 2008)

RRSP Change
Money in a RRSP, RIF or a deferred profit sharing plan will no longer be available for distribution among a bankrupt’s creditors.  Any contributions made in the 12 months before the date of the bankruptcy are subject to a claw back.  Where provincial legislation exempts RRSPs from execution, the provincial legislation will apply.
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Find Out How To Get Your Bankruptcy in Canada Needs Fixed

There are certain aspects to bankruptcy in Canada that you must be conversant with such as the minimum requirements to file bankruptcy in Canada. In this regard you should know that a person must at least be in debt to the tune of at least one thousand dollars and has achieved the minimum age of [...]

List of Forms

APPLICATION

Insolvency Application Form in MS Word format
Insolvency Application Form in PDF format

INCOME AND EXPENSES
Personal Bankruptcy

Income & Expense Form in PDF format
Income & Expense Form in MS Excel format

Self Employed

Self Employed Income & Expense Form in PDF format
Self Employed Income & Expense Form in MS Excel format

COUNSELLING
First Counselling Session

First Counselling Handout

Second Counselling Session

Second Counselling Handout

OTHER FORMS

Proof [...]

FAQs

Will I be able to get another student loan?
 

insolvency consultant

Personal Bankruptcy

The experienced professionals at Boale, Wood & Company Ltd. understand the stress that financial difficulty can cause.  We know that realizing that you are experiencing financial problems is a hard thing to do for most people and sometimes you feel helpless.  But instead of feeling helpless, let us help you gain control of your debts [...]

Consumer Proposal

In order to qualify for a consumer proposal you must owe less than $75,000 not counting mortgages registered against your principal residence.
Bankruptcy Vancouver

Alternatives to Bankruptcy

Contact Your Creditors
Explain to your creditors how your circumstances have changed and explain why you cannot make your agreed upon payments. Suggest an arrangement that could work for both of you. Creditors are generally prepared to work with you.Continue reading

Personal Solutions

There are Alternatives to Bankruptcy. It takes courage to admit you need help, now make sure you get the help you need. Read More.
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Will I be able to get another student loan?

Yes, Canada Student Loans now allows students who have been bankrupt or who are bankrupt to obatin additional loans for their education.  For more information on this topic, go to the links section and click on Canada Student Loans.
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Insolvency UK

Found a great resource for the UK market, InsolvencyBlog.com run by Chris Laughton. Worth checking out for the UK market.