Canadian Mortgage Advisor
8-8 Strathearn Avenue
Greater Toronto Area , ON , L6T 4L9 Canada
1-416-930-1225

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Helping GTA Homeowners find a mortgage that is right for them
Call Us: 1-416-930-1225

Bankruptcy or financial insolvency is a very difficult financial situation. There are many factors which causes this. Canadian Bankruptcy and Insolvency Act (R.S., 1985, c. B-3) describes the act of bankruptcy.

According to Canada Revenue Agency there are three different ways to go to Bankruptcy. Namely:

  1. Voluntary assignment
  2. Involuntary assignment
  3. Deemed bankruptcy

The bankrupt person has the right to earn a living. The bankrupt person is allowed to do taxable work or continue to do taxable work, but it has to be outside of the estate, after a bankruptcy.

Office of the Superintendent of Bankruptcy (OSB), a special operating agency associated with Industry Canada. whose stated role is:

While our collective role is to protect the integrity of the bankruptcy and insolvency system, our mission is much more critical: to ensure public confidence in the marketplace.

OSB regulates and licenses trustees.

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About Us

Sudip Adhikari.
Agent License #M10001082
Broker Mortgage Diligent -
Head Office -1305 Matheson Blvd East, Mississauga, ON L4W 1R1
FSCO #10252 O.A.C , E&OE

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