Personal Bankruptcy

Personal bankruptcy in Gatineau and Ottawa

In the event that your debts are very large and consolidation or consumer proposal cannot apply, bankruptcy law may be sought under the Bankruptcy and Insolvency Act. Bernier & Associates welcomes you and advises you on setting up proceedings for personal bankruptcy in Gatineau or in another office. This solution can wipe out your debts or financial obligations and help you get a fresh start.

What is a bankruptcy?

Bankruptcy is a legal process administered under the Bankruptcy and Insolvency Act.

Bankruptcy is a procedure that allows an insolvent person or the liquidator of an insolvent person (with the permission of the court) to make an assignment of their property for the benefit of the creditors generally in order to relieve be relieved of any financial burden when they are unable to repay their obligations.

The process frees you from most of your debts and any legal action brought against you by your creditors should stop.

What is an authorized trustee and what is his or her role?

A licensed insolvency trustee is a person who holds a licence issued by the Office of the Superintendent of Bankruptcy to manage proposals and bankruptcies. The IAS will explain the consequences of the process, your responsibilities, consultations, your credit rating and recovery.

Debt, legal remedies and credit rating

Legal remedies cease on the day you declare bankruptcy except for certain criminal or civil proceedings, such as matrimonial proceedings.

Bankruptcy does not release the co-signer or guarantor from your loan, maintenance payments or student debts that are less than 7 years old.
In general, information about your bankruptcy will appear on your file for a period of 6 years after your discharge from debt. This period will be extended to 14 years if you have already gone bankrupt.

How to enter a company into bankruptcy

Find healthy finances again with the commercial bankruptcy procedure.

Placing a company in bankruptcy



Bernier & Associates

226, rue Papineau





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Wednesday 08:00 AM - 05:00 PM

Thursday 08:00 AM - 05:00 PM

Friday 08:00 AM - 05:00 PM

Saturday Closed


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