There are certain aspects to bankruptcy in Canada that you must be conversant with such as the minimum requirements to file bankruptcy in Canada. In this regard you should know that a person must at least be in debt to the tune of at least one thousand dollars and has achieved the minimum age of eighteen and is unable to pay off the debts incurred once they become due. Furthermore, bankruptcy in Canada means that a person filing for bankruptcy cannot choose which debts he or she can include.
All Debts Are Included
Bankruptcy in Canada means that all of the debts need to be included in the bankruptcy though some debts can even survive the bankruptcy and a good example of such debts is child support payment. However, it does not mean that you will lose everything when you file bankruptcy in Canada because in places in Canada, there are certain items that are not included such as your personal effects and also motor vehicles that are not valued at more than five thousand six hundred and fifty dollars, and also household goods valued up to eleven thousand three hundred dollars and tools of trade for a similar amount.
A good bankruptcy in Canada firm that would be able to handle your bankruptcy needs is Boale, Wood and Company that are leading accounting and financial services company where you can get the most professional advice and services in British Columbia. You can expect to get the entire range of services and have the bankruptcy consultants work with you every step of the way to help you out of your financial woes.
The company has experts on its rolls that have the necessary skills and experience and who will understand all of your needs, be in tune with your aspirations and who will pay regular attention as well as provide adequate support and who will also give advice that is commercially realistic while also being speedy and also technically sound.
So, if you are looking for cautious analysis including financial advise or help with tax planning, or in-depth analysis of all your needs, then you should choose this bankruptcy in Canada firm for further assistance.
While, if you are looking for the top bankruptcy consultant in Vancouver you should check out Boale, Wood and Company Ltd. who will help you with finding alternatives to bankruptcy should that be possible and though you may have plucked up the courage to admit you are in need of professional advice, you should still make an effort to source the best bankruptcy consultants to lead you out of your predicament and Boale, Wood and Company is a good choice in this regard if you happen to be Vancouver.