All guides

When a personal bankruptcy ends in Canada under BIA s. 168.1, how surplus income and a second bankruptcy extend it, and what happens if a creditor or the trustee opposes discharge.

Who can make a consumer proposal under the BIA in 2026, how the $250,000 limit is counted, the step-by-step timeline, creditor voting and the proposed $325,000 change.

How a consumer proposal and personal bankruptcy compare in Canada in 2026 on eligibility, cost, assets, income, duration and credit impact, with the alternatives.

Which debts a Canadian bankruptcy or consumer proposal does not release under BIA s. 178, how the student loan 7-year rule and 5-year hardship relief work, and secured debts.

How exempt property works in a Canadian bankruptcy, the BIA RRSP rule, Ontario's 2026 exemption amounts and how other provinces and Quebec differ.

How surplus income works in a Canadian bankruptcy under OSB Directive 11R2-2026, the 2026 Superintendent's standards, the $200 threshold and how it extends the bankruptcy.

The trustee fee tariff in the BIA General Rules for consumer proposals and summary bankruptcies, the 5% OSB levy, filing and counselling fees, and the changes proposed in 2025.

How a Licensed Insolvency Trustee sizes a consumer proposal offer in Canada: the bankruptcy benchmark, fees, the OSB levy, affordability and lump-sum offers, with worked numbers.

How a non-profit credit counselling debt management plan compares with a consumer proposal in Canada, with a worked $30,000 example, credit report effects and who each suits.

An illustrative Ontario borrower with $42,000 of unsecured debt compared across repaying, a debt management plan, a consumer proposal and bankruptcy, using 2026 rules.

How to prepare for a first consultation with a Licensed Insolvency Trustee in Canada, how to verify the trustee, documents to bring, questions to ask and what happens next.

What happens to your house, home equity, mortgage, car loan and leased vehicle in a Canadian consumer proposal or bankruptcy, with a worked equity calculation.

The two insolvency counselling sessions required in Canada, what they cover and cost, plus the duties of a bankrupt and of a consumer debtor, month by month.

A worked surplus income calculation for a Canadian bankruptcy using 2026 OSB standards, with irregular self-employed income, a partner's earnings and support payments.

What happens in Canada when you miss consumer proposal payments, the three-payment annulment rule in BIA s. 66.31, amendments, revival and the consequences of a failed proposal.

Equifax and TransUnion retention periods for consumer proposals, bankruptcies and debt management plans by province according to the FCAC, with worked timelines and rebuilding steps.

Common mistakes with consumer proposals, bankruptcy and debt help in Canada, illustrative failure cases, and the federal and provincial official sources to verify rules.

How Orderly Payment of Debts under Part X of the Bankruptcy and Insolvency Act works, which provinces offer it, which debts qualify and how it compares with a DMP or consumer proposal.

How Quebec's voluntary deposit works under the Code of Civil Procedure, how it compares with a consumer proposal or bankruptcy, and other Quebec specifics for debt relief.

What the BIA stay of proceedings stops in Canada after a consumer proposal or bankruptcy is filed, what it does not stop, Ontario garnishment limits and what to do if collection continues.

How for-profit debt consultants and settlement firms operate in Canada, what the OSB warns about, Ontario and Alberta licensing rules, and how to get debt help without paying a middleman.