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The Blog Of Your Firm Of Authorized Insolvency Trustees (formerly known as Bankruptcy Trustees since the 1950s)

The blog articles of our Gatineau accounting firm present you with concrete advice on managing your personal or professional finances. For example, you will find information on credit, debt risk and business failures. We regularly add new articles.

  • 02/03/2023
    What Are the Steps in Commercial Bankruptcy?

    Running a business involves many risks and challenges. If your business is in a precarious financial position and restructuring won’t get you back on track, commercial bankruptcy may be the best option. It can allow you to cease operations with dignity and save you money on management and accounting fees. At Bernier & Associates, our licensed insolvency trustees in Gatineau and Ottawa can walk you through the bankruptcy process.


    Here’s an overview of the steps involved in commercial bankruptcy.

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  • 02/12/2022
    Can a Student Loan Be Included in a Bankruptcy or Consumer Proposal?

    High tuition fees, combined with financial obligations while you study and transition into work, can leave you burdened with significant debt in your first years in the labour market. Are you having trouble repaying your student debt and considering personal bankruptcy or a consumer proposal?

    At Bernier & Associates in Ottawa and Gatineau, we’re well-informed about what debts can and can’t be included in these debt relief options. This article will help you determine whether one of these solutions can unburden you from your student loan debt.

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  • 06/08/2022
    Is My Spouse at Risk of Having to Pay My Debts?

    Are you considering taking steps to eliminate some of your debt but are worried about how that might impact your spouse? At Bernier & Associates our licensed insolvency trustees in Gatineau and Ottawa offer multiple financial recovery solutions, including debt consolidation. Keep reading to learn what happens to your spouse when you make a consumer proposal or file for personal bankruptcy.

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  • women working on a laptop
    Can I Repay My Consumer Proposal Sooner than Expected?

    Did you recently file a consumer proposal, or are you considering doing so now? Are you wondering whether it’s possible to pay off the balance faster if you have the funds to do so? The licensed insolvency trustees at Bernier & Associates in Gatineau and Ottawa offer several financial recovery services, including consumer proposals. Keep reading to find the answer to this question, plus many others.

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  • debt consolidation
    Why You Should Consolidate Your Debts

    Have you accumulated a significant amount of debt? Are you having trouble making your monthly payments? If so, debt consolidation could help you solve your financial problems. The licensed insolvency trustees at Bernier & Associates in Gatineau near Ottawa can assist you in consolidating your debt and help you get back on track. Our team has put together some information about debt consolidation and why you may want to consider it.

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  • A person holding a credit card
    How Does Bankruptcy Affect Your Credit Score?

    At Bernier & Associates in Ottawa, our team of licensed insolvency trustees (LITs) belong to the Canadian Association of Insolvency and Restructuring Professionals (CAIRP) and is committed to assisting individuals and businesses file for personal and commercial bankruptcy. Our team has outlined key information regarding how filing for bankruptcy can affect your credit score.

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  • bernier
    What to Do If Your Consumer Proposal is Cancelled

    Did you make a consumer proposal to try and settle your debt but made late monthly payments three times, thereby resulting in it being cancelled? If so, the licensed insolvency trustees (LIT) at Bernier & Associates in Ottawa can help. They know how trying this situation can be and are committed to getting you the help you need. Here’s an overview of the three options available to you if your consumer proposal is cancelled.

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  • Retired people looking at their budget
    How to Avoid Debt in Retirement

    Insolvency can affect anyone at any age, and retired people are no exception. In fact, the average amount of debt among retired people has risen sharply over the last few years. Fortunately, the licensed insolvency trustees at Bernier & Associates in Ottawa understand how difficult it can be to deal with excessive debt, especially once someone has retired and stopped making an income. Here are a few tips on how to avoid ending up in a difficult financial situation like personal bankruptcy.

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  • Mature woman balancing her books
    Why Should You Consult a Licensed Insolvency Trustee Before Accepting the Estate of a Deceased Person?

    One of your loved ones passed away and you inherited or became liquidator to an insolvent estate, meaning that the debts exceed the assets once they would be liquidated? This situation can become overwhelming and extremely complicated. At Bernier & Associates Inc., a licensed insolvency trustee in Ottawa, we can assist liquidators faced with an insolvent estate in order to make the proper decisions.

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  • Couple going over their finances
    How Long Does a Consumer Proposal Last?

    Are you considering filing a consumer proposal as a means to resolve your debt problems? A licensed insolvency trustee at Bernier & Associates in Ottawa can help. In this article, we give you more information about this practical method for resolving debt and discuss the time commitment it involves, its impact on your credit score and more.

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  • Woman sitting with bills
    Can You File for Bankruptcy Without Losing Your Car and House?

    Few words are as unnerving to people as “bankruptcy.” This term evokes the loss of one’s material possessions: your car, home, furniture, appliances and more. A licensed insolvency trustee at Bernier & Associates in Ottawa can work with you to solve your debt problems by helping you file for personal bankruptcy or a consumer proposal. In this article, we respond to a question that our clients in Ottawa and Gatineau frequently ask us: can you file for bankruptcy and still keep your car and house?

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  • meeting insolvency trustee
    What Can I Expect During a First Meeting with a Licensed Insolvency Trustee?

    Have you decided to get help managing your debt? Then you’re making a smart move. Professional solutions such as debt consolidation and counselling are good first steps toward regaining financial solvency. At Bernier & Associates, our financial advisors and licensed insolvency trustees in Ottawa and Gatineau have been helping Canadians with too much debt for many years. Here’s what you can expect from your first meeting with one of our bankruptcy trustees.

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  • men shaking hands
    Consumer Proposal or Bankruptcy: Which One Should You Choose?

    Are you struggling to overcome your excessive debt load? At Bernier & Associates, licensed insolvency trustees in Gatineau and 14 other offices in Quebec and Ontario, we are determined to help you get your financial health back on track. Find out, from consumer proposals to personal bankruptcy, which solution best applies to your current situation.

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  • Couple looking at their family budget
    7 Tips to Reduce Your Financial Burden Efficiently

    Your debts are piling up and accumulating and you are starting to have serious concerns over your ability to cover them? At Bernier & Associates, licensed insolvency trustees in Gatineau and 14 other locations in Quebec and Ontario (Ottawa), we have put together these 7 tips to help you reduce your debts and avoid falling into excessive financial burden. Enjoy your reading!

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  • documentation
    11 Warning Signs of a Commercial Bankruptcy

    Do you own a company affected by financial problems (lack of liquidity, over-indebtedness, etc.)? At Bernier & Associates, authorized insolvency trustee (formerly known as bankruptcy trustee since the 1950s), we have customized solutions to offer to our clients in Gatineau and elsewhere in Quebec and Ontario. To protect yourself from a commercial bankruptcy, it is important to be on the lookout for signs of difficulties. Read on to discover them!

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  • meeting
    6 Advantages Of Using An Authorized Insolvency Trustee (formerly known as Bankruptcy Trustee since the 1950s)

    Are you concerned about a problem of over-indebtedness? At Bernier & Associates, advisors in our Gatineau, Quebec and Ontario offices have many solutions to offer you before considering bankruptcy. Here are 6 advantages of using an authorized insolvency trustee (formerly known as bankruptcy trustee since the 1950s).


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    The Importance of Having Good Credit

    Your credit score impacts your quality of life far more than you may realize.

    Sure, it affects your ability to acquire loans, but it may also impact your capacity to start a business, rent an apartment and even land that dream job!

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  • documentation
    5 Signs You May Be Heading Toward Bankruptcy

    Financial difficulty and bankruptcy are taboo subjects for many people in Ottawa and throughout Canada. Many would rather sweep their financial issues under the rug, believing that somehow, magically, the problem will take care of itself.

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