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This site provides free information about bankruptcy and bankruptcy alternatives to residents of Montreal and the surrounding areas of Quebec.
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Bankruptcy Montreal is sponsored by BUDD, ROCHELLE PONT. They are licensed by the federal government of Canada to provide personal bankruptcy and consumer proposal services to residents in the Montreal, Quebec area.


Recent Bankruptcy Questions:

Posted on Thursday, February 04, 2010

I'm moving to New Brunswick but I am a Quebec resident

Question: I'm moving to New Brunswick but I am a Quebec resident. Which province is best for me to declare bankruptcy? Should I declare bankruptcy in New Brunswick?

Answer: The legal answer is that you should declare bankruptcy either in your province of residence, or the province where your assets and debts are located. If your debts are credit cards, your debts are probably administered out the credit card companies head office in Ontario, so that won't matter.

If you are living in New Brunswick, it is probably easier to file in New Brunswick, so that you are close to your trustee for any meetings that may be required.

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Posted on Wednesday, February 03, 2010

Bankruptcy: can I keep a credit card?

Question: hello, when filing for Bankruptcy can I keep 1 credit card?

Answer: No, when you file bankruptcy you are required to surrender all credit cards. The law is written that way to prevent someone from borrowing money on a credit card when the credit card company did not know about the bankruptcy

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