WHO IS ELIGIBLE TO FILE FOR BANKRUPTCY?
An individual should be eligible to file for bankruptcy only if he matches the below criteria;
• Your debts must be at least $1000 and higher than the sale value of your assets
• You should be 18 years of age or above
• You should be unable to repay the debts that have already become due
If you’ve decided to file bankruptcy in Canada, you need to know a few things. First is, not all debts can be included in bankruptcy. Also, your next step is to contact a trustee in your area. There are alternatives you can consider, so it’s important that you discuss this with an experienced professional of Debt Free Credit Solution.