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Can I Cancel My Personal Bankruptcy in Toronto, Ontario?

Posted on Jun 14, 2018 in Bankruptcy, Debt, Finances, Videos |

 Sometimes I get asked by people who have recently filed personal bankruptcy whether or not they can cancel their personal bankruptcy in Ontario. Perhaps they have changed their mind and are wondering if their bankruptcy can be canceled? The short answer is no, the bankruptcy cannot be canceled once it’s filed in the courts and the federal government has issued a number. It’s an official legal process and it’s not going to...

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In Toronto Are My Spouse’s Assets Affected By My Bankruptcy?

Posted on Apr 27, 2018 in Bankruptcy, Videos |

In this video, Richard Killen, a Toronto-based Licensed Insolvency Trustee talks about, the effect of your bankruptcy or your wife or husband’s assets. I am often asked is “Are my wife’s or husband’s assets be affected in any way?” Generally speaking, the way bankruptcy works, the answer is no. Your bankruptcy will not affect your spouse.  If an asset is not commonly owned or jointly owned by both you and your spouse, then their assets are not...

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Will I Lose My Home If I Go Bankrupt?

Posted on Jun 1, 2017 in Advice from Richard, Bankruptcy, Consumer Proposals, Debt, Videos |

In this video, Richard Killen, a Toronto Licensed Insolvency Trustee answers the question most homeowners ask, which is “Will I lose my home if I go bankrupt or do a consumer proposal?” Because you may have debt problems, you may be concerned with losing your home and most people figure that “if they go bankrupt they are never going to keep their house.”  And for most people, that is a very traumatic thought, however, it can be avoided. I...

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What assets are you allowed to keep after you go bankrupt?

Posted on Apr 28, 2017 in Advice from Richard, Bankruptcy, Videos |

In this video, Licensed Insolvency Trustee in the GTA area, Richard Killen, talks about the facts and misconceptions when it comes to losing assets in a bankruptcy procedure. Typically, people are scared to lose their important belongings should they undergo bankruptcy. In this video, Richard goes on to clarify that in the most common cases, this is simply not the case. Here are a few key takeaways from Richard’s informative clip: There...

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Licensed Insolvency Trustee Advice: 4 Things for Debt Solutions

Posted on Apr 21, 2017 in Advice from Richard, Bankruptcy, Debt Counseling, Financial Advice |

In this video, Richard Killen, Licensed Insolvency Trustee based in Toronto, Scarborough, and 8 other debt relief locations in Ontario talks about 4 important things to keep in mind before deciding on a Licensed Insolvency Trustee. When people start looking for insolvency solutions, they are usually operating under a fair amount of stress for quite some time. Which is why you should always keep the following in mind before you go any further in...

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