[{"@context":"https:\/\/schema.org\/","@type":"Article","@id":"https:\/\/rkillen.ca\/personal-bankruptcy-help-and-what-is-a-bankruptcy-trustee\/#Article","mainEntityOfPage":"https:\/\/rkillen.ca\/personal-bankruptcy-help-and-what-is-a-bankruptcy-trustee\/","headline":"Personal Bankruptcy Help and What Is A Bankruptcy Trustee","name":"Personal Bankruptcy Help and What Is A Bankruptcy Trustee","description":"[vc_section][vc_row][vc_column width=”1\/3″ css=”.vc_custom_1595258704998{padding-top: 10px !important;padding-right: 10px !important;padding-left: 10px !important;background-color: #052144 !important;}”][vc_column_text] WHAT IS PERSONAL BANKRUPTCY? WHAT IS A BANKRUPTCY TRUSTEE? WILL BANKRUPTCY ELIMINATE ALL MY DEBTS? WILL LOSE MY HOME IF I FILE BANKRUPTCY? WHAT HAPPENS TO MY CAR IF I FILE BANKRUPTCY? HOW ARE TAX REFUNDS AFFECTED IN A BANKRUPTCY? WHAT CAN I KEEP […]","datePublished":"2020-07-20","dateModified":"2024-04-19","author":{"@type":"Person","@id":"https:\/\/rkillen.ca\/author\/adrian\/#Person","name":"Adrian","url":"https:\/\/rkillen.ca\/author\/adrian\/","identifier":11,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/83c9d81e4aa2dc5936e06b9059fd4e195f1f91bcd60ccfc5e28f98dd86bae8b8?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/83c9d81e4aa2dc5936e06b9059fd4e195f1f91bcd60ccfc5e28f98dd86bae8b8?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Richard Killen and Associates","logo":{"@type":"ImageObject","@id":"https:\/\/rkillen.ca\/wp-content\/uploads\/2016\/08\/landscape-logo-12345-for-web.png","url":"https:\/\/rkillen.ca\/wp-content\/uploads\/2016\/08\/landscape-logo-12345-for-web.png","width":600,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/rkillen.ca\/wp-content\/plugins\/wp-youtube-lyte\/lyteCache.php?origThumbUrl=https%3A%2F%2Fi.ytimg.com%2Fvi%2F4_pqxuk4QQc%2F0.jpg","url":"https:\/\/rkillen.ca\/wp-content\/plugins\/wp-youtube-lyte\/lyteCache.php?origThumbUrl=https%3A%2F%2Fi.ytimg.com%2Fvi%2F4_pqxuk4QQc%2F0.jpg","height":"700","width":"1280"},"url":"https:\/\/rkillen.ca\/personal-bankruptcy-help-and-what-is-a-bankruptcy-trustee\/","video":{"@context":"http:\/\/schema.org\/","@type":"VideoObject","@id":"https:\/\/www.youtube.com\/watch?v=4_pqxuk4QQc#VideoObject","contentUrl":"https:\/\/www.youtube.com\/watch?v=4_pqxuk4QQc","name":"Declaring Personal Bankruptcy in The Greater Toronto Area- An Overview","description":"https:\/\/rkillen.ca\/personal-bankruptcy-toronto-a-fresh-financial-start\/ In this video we provide an over on declaring personal bankruptcy in Ontario as a debt relief option in the Greater Toronto Area.\n\nWhen Should You Consider Declaring Bankruptcy?\n1. You are facing unmanageable debt.\n2. Your income is barely enough to cover the cost of living.\n3. No money left to keep your debt payments up to date.\n\nIf the above describes your financial situation, Bankruptcy could be a good option for you. \n\nBankruptcy Means Relief from Debt\nMany hard-working, honest people never imagined that they would find themselves in such a financial crisis. They have always done their best to meet obligations and all of a sudden, often for reasons beyond their control, they find themselves unable to pay their debts and lack the assets to cover their outstanding debts.\n\nWhat type of unsecured debt can be included in a Bankruptcy?\n\u2022 Credit card debt, including retail store cards\n\u2022 Medical bills\n\u2022 Unsecured lines of credit\n\u2022 Payday loans\n\u2022 Personal loans not secured by any asset\n\u2022 Bills, such as for utility, cable and phone bills, insurance or membership payments\n\u2022 Income tax, HST and other unpaid taxes\n\u2022 Deficiency amounts owing after the repossession of any of your property.\n\nWhat type of debts are normally excluded from a Bankruptcy?\n\u2022 Secured debts, like a car loan or mortgage if you decide to retain the property itself\n\u2022 Student loans where your class graduated less than 7 years ago.\n\u2022 Arrears of child support and alimony payments\n\u2022 Debts incurred via the various definitions of fraud.\n\nCan you file for bankruptcy yourself?\nYou will need to work with a Licensed Bankruptcy Trustee (LIT) who is licensed by the Office of the Superintendent of Bankruptcy (OSB).\n\nIs filing for bankruptcy my only option if I cannot keep up with my debt?\nNO, there are other options to consider for debt relief.\n\nNote: Only a Licensed Insolvency Trustee can provide you with all debt relief options\n\nNEXT STEPS\nSet up a FREE consultation call with our office\nWe can also accommodate after hours appointments.\n\nWhat will happen in my free consultation?\nDuring the consultation, one of out trustees will outline all of your debt relief options based on your finances. You are under no obligation to file for bankruptcy or for that matter do anything. \n\nStop worrying about debt!\nMany people wait until they feel overwhelmed and completely stressed out.\nWorrying can affect your sleep, your health, family life and work performance.\n\nTalk to a Trustee as soon as possible. Many people feel like a big weight has been lifted off their shoulders after talking to one of our trustees. Many wish they had come in for a consultation earlier.\n\nSTOP THE WORRY AND GET DEBT RELIEF\n\nCall Richard Killen & Associates to set up a FREE Consultation.\nCal 1-888- 545- 5365 or (416) 285-8511\nIt will be the most stress relieving call you\u2019ll ever make!\nRichard Killen & Associates Ltd\nLicensed Insolvency Trustee and Licensed Consumer Proposal Administrator\n2130 Lawrence Ave, E  #402, Scarborough, ON M1R 3A6, Canada\nTel: +1 416-285-9511\nhttps:\/\/rkillen.ca\/consumer-proposals-bankruptcy-trustee-in-scarborough-west\/\n\nFollow us on Social Media: \nhttps:\/\/www.instagram.com\/killen_trustee\/\nhttps:\/\/twitter.com\/Killen_Trustee\nhttps:\/\/www.facebook.com\/rkillenassociates\nhttps:\/\/www.linkedin.com\/company\/richard-killen-&-associates\/\nhttps:\/\/www.linkedin.com\/in\/richard-killen-020aaaba\/\n\nRichard Killen and Associates have 10 locations across the Greater Toronto Area.\n\nRichard Killen & Associates Ltd Scarborough West\nLicensed Insolvency Trustee and Licensed Consumer Proposal Administrator\n2130 Lawrence Ave, E  #402, Scarborough, ON M1R 3A6, Canada\nTel: +1 416-285-9511\n\nRichard Killen & Associates Ltd Scarborough East\n2100 Ellesmere Road,\nSuite #201D Scarborough, ON M1H 3B7, Canada\nTel: +1 416-644-1212\n\nRichard Killen & Associates Ltd Toronto on Danforth\n2600 Danforth Avenue,\nToronto, ON M4C 1L3, Canada\nTel: +1 647-699-3916\n\nRichard Killen & Associates Ltd Etobicoke\n2150 Islington Ave #202,\nEtobicoke, ON M9P 3V4, Canada\nTel: +1 647-932-5593\nRichard Killen & Associates Ltd Richmond Hill\n9140 Leslie Street\nRichmond Hill, ON L4B 0A9, Canada\nTel: +1 905-513-0699\n\nRichard Killen & Associates Ltd Brampton\n284 Queen St. East, Suite 224,\nBrampton, ON L6V 1C2, Canada\nTel: +1 905-456-3311\n\nRichard Killen & Associates Ltd Mississauga\n2155 Leanne Blvd #203,\nMississauga, ON L5K 2K8, Canada\nTel: +1 905-822-1151\n\nRichard Killen & Associates Ltd Mississauga\n130 Dundas St E #304,\nMississauga, ON L5A 3V8, Canada\nTel: +1 289-724-1099\n\nRichard Killen & Associates Ltd. Georgetown\n348 Guelph St,\nGeorgetown, ON L7G 4B5, Canada\nTel: +1 647-492-2219\n\nRichard Killen & Associates Ltd Pickering\n1410 Bayly Street, #6\nPickering, ON L1W 3R3\nTel: +1 905-420-6565\n\nRichard Killen & Associates Oshawa\n146 Simcoe St N,\nOshawa, ON L1G 4S6, Canada\nTel: +1 289-312-8872","thumbnailUrl":["https:\/\/i.ytimg.com\/vi\/4_pqxuk4QQc\/default.jpg","https:\/\/i.ytimg.com\/vi\/4_pqxuk4QQc\/mqdefault.jpg","https:\/\/i.ytimg.com\/vi\/4_pqxuk4QQc\/hqdefault.jpg","https:\/\/i.ytimg.com\/vi\/4_pqxuk4QQc\/sddefault.jpg","https:\/\/i.ytimg.com\/vi\/4_pqxuk4QQc\/maxresdefault.jpg"],"uploadDate":"2019-11-24T22:09:14+00:00","duration":"PT3M4S","embedUrl":"https:\/\/www.youtube.com\/embed\/4_pqxuk4QQc","publisher":{"@type":"Organization","@id":"https:\/\/www.youtube.com\/channel\/UCVqfGDwXy-OK5RHKZGkaMUw#Organization","url":"https:\/\/www.youtube.com\/channel\/UCVqfGDwXy-OK5RHKZGkaMUw","name":"Richard Killen & Associates Ltd","description":"Since 1992 we at Richard Killen & Associates have helped thousands of people resolve their financial problems. With over 22 years experience in this industry, our president, Richard Killen, and the rest of our team understand the difficulties that honest people can sometimes find themselves in. This expertise makes it possible to provide you with a service that effectively deals with the issues.\n\nThe strength of our company is exemplified by the manner in which we treat our customers. We understand the intense pressure people are under. You will feel better after having spoken with our staff and your sense of dignity will be restored. The relief most people feel is tangible.","logo":{"url":"https:\/\/yt3.ggpht.com\/ytc\/AIdro_nK1yzM56nIFCGmWO7scxw1pLTW2Z8LVLH_kg8kdbbfw5M=s800-c-k-c0x00ffffff-no-rj","width":800,"height":800,"@type":"ImageObject","@id":"https:\/\/www.youtube.com\/watch?v=4_pqxuk4QQc#VideoObject_publisher_logo_ImageObject"}},"potentialAction":{"@type":"SeekToAction","@id":"https:\/\/www.youtube.com\/watch?v=4_pqxuk4QQc#VideoObject_potentialAction","target":"https:\/\/www.youtube.com\/watch?v=4_pqxuk4QQc&t={seek_to_second_number}","startOffset-input":"required name=seek_to_second_number"},"interactionStatistic":[[{"@type":"InteractionCounter","@id":"https:\/\/www.youtube.com\/watch?v=4_pqxuk4QQc#VideoObject_interactionStatistic_WatchAction","interactionType":{"@type":"WatchAction"},"userInteractionCount":36}],{"@type":"InteractionCounter","@id":"https:\/\/www.youtube.com\/watch?v=4_pqxuk4QQc#VideoObject_interactionStatistic_LikeAction","interactionType":{"@type":"LikeAction"},"userInteractionCount":1}]}},{"@context":"https:\/\/schema.org","@type":"BreadcrumbList","@id":"https:\/\/rkillen.ca\/personal-bankruptcy-help-and-what-is-a-bankruptcy-trustee\/#BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Personal Bankruptcy Help and What Is A Bankruptcy Trustee","item":"https:\/\/rkillen.ca\/personal-bankruptcy-help-and-what-is-a-bankruptcy-trustee\/#breadcrumbitem"}]}]