No-one wants to go bankrupt. But, if you’re in over your head with debt and unable to manage it, declaring bankruptcy by talking to a bankruptcy trustee is the best way to get a new start.
There are numerous misconceptions about bankruptcy and insolvency in Canada. The Bankruptcy and Insolvency Act; the major act that governs all bankruptcy proceedings in Canada, has undergone many changes over the past few decades.
On December 19th 2013, the Ontario Court of Appeal held that the Registrar of Motor Vehicles cannot deny vehicle permits to individuals an account of debts owed to the ETR Concession Company Limited.