Services
Personal Bankruptcy
A legal process for a fresh financial start.
Personal Bankruptcy is a legal process designed to help individuals overwhelmed by debt obtain a fresh start by discharging most unsecured debts. It provides relief from creditor collection actions and legally eliminates debts such as credit cards, personal loans, and payday loans. At HTPA, we guide you through this difficult decision with compassion and expertise, working closely with Licensed Insolvency Trustees to ensure a smooth and confidential process.
Who Can Benefit from Personal Bankruptcy?
This service is designed for individuals facing severe financial distress and seeking a legal path to debt relief.
Individuals with Overwhelming Unsecured Debt
People struggling with high levels of unsecured debt who can no longer keep up with minimum payments.
Those Facing Collections or Legal Actions
Individuals at risk of wage garnishment, bank account freezes, or lawsuits for unpaid debts.
Debtors Who Have Explored Other Options
Anyone for whom alternatives like debt consolidation or consumer proposals are not feasible.
Self-Employed Individuals in Personal Debt Trouble
Entrepreneurs or small business owners personally liable for business-related debts.
Our Comprehensive Service Process
We provide end-to-end support, guiding you through each step of the personal bankruptcy process with care and expertise.
Free Initial Consultation & Debt Assessment
We begin with a confidential consultation to evaluate your financial situation in depth and determine if bankruptcy is the best option.
Preparation of Required Documents
Our team helps you compile all necessary documentation, ensuring your Statement of Affairs is accurate and complete.
Licensed Insolvency Trustee Coordination
We work closely with a network of reputable trustees, referring you and facilitating communication throughout the process.
Guidance Through the Bankruptcy Process
We guide you through all duties, including credit counselling sessions and income reporting, acting as your advisor and advocate.
Post-Bankruptcy Rebuilding Plan
Our support continues after discharge with guidance on budgeting, savings, and responsible credit use to ensure a lasting fresh start.
Why Choose HTPA?
Our experienced team provides compassionate support, expert guidance, and a seamless process to help you achieve a fresh start.
Compassionate, Non-Judgmental Support
We create a safe, judgment-free environment, handling your case with discretion, respect, and strict confidentiality.
Insolvency Expertise & Accuracy
Our CPA-trained advisors ensure all paperwork is completed accurately and in compliance with the Bankruptcy and Insolvency Act.
Holistic Guidance – Not Just a Transaction
We look at your entire financial picture, evaluating alternatives and providing personalized advice that goes beyond just filling out forms.
Seamless Process with Trustee Partnership
We manage the process to minimize stress and delays, coordinating with all parties to ensure a smooth path to debt relief.
Frequently Asked Questions
Get answers to common questions about personal bankruptcy.
No, you will not lose everything. Bankruptcy law provides exemptions for essential assets such as basic clothing, furniture, tools, a personal vehicle up to a certain value, and pension plans. HTPA will review your assets and explain what is protected.
Bankruptcy severely impacts your credit short term, remaining on your credit report for 6-7 years. However, it eliminates debts and allows you to rebuild credit over time with proper guidance.
Get a Confidential Consultation
If you are struggling with debt, contact us today. We provide compassionate, expert guidance to help you find the right path forward.
Visit Our Office
20 Bamburgh Circle, Scarborough, ON