Bankruptcy in Canada

February 3, 2004 10:12 PM

Does anyone have any advice, resources or experience they can share on declaring bankruptcy, particularly in Canada?

This isn't for me, but for someone close to me, to whom I would like to offer as much assistance I can during a difficult time. I am not by any stretch of the imagination a lawyer, and know little to nothing of this sort of thing, but it is clear that this is the only course of action open to them right now.

posted by stavrosthewonderchicken to Work & Money (3 answers total)

My husband had to declare bankruptcy at the end of 2002. It's fairly simple to do, much easier (as in streamlined, not that they allow them willy-nilly) than the US. The first place to start is a financial planner. They do all of the "leg work" for you.

Email me if you'd like more info, stavros. Addy is in my profile.
posted by deborah at 11:25 PM on February 3, 2004

My only advice is what I did. I had to declare bankruptcy after my divorce. So I hired a lawyer, and for about $1000 USD, he walked us through everything, filled out all the paperwork. That way I didn't have to know much, just answer questions.
posted by patrickje at 10:22 AM on February 4, 2004

What kind of sick joke is it that it costs $1,000 to declare bankruptcy?
posted by NortonDC at 5:59 PM on February 4, 2004