Bankruptcy Consultation.

Book a FREE confidential consultation with a Trustee (24/7) 1-877-741-5441

How Bankruptcy Works.

NB Insolvency Information; New Brunswick Licensed Insolvency Trustees Prince Edward Island, PEI Consumer Proposals.

Welcome to our website! We designed this website to provide the information needed to get you a fresh financial start. We have tried to present this complicated information using plain straightforward English. If you have any questions, ask them here, and we'll get back to you within one business day. - Earl Sands, Licensed Insolvency Trustee.

Licensed Insolvency Trustees can be found at the following locations:

Charlottetown | SummersideAcadian Peninsula | Bathurst | Boisetown | Bouctouche | Campbellton | Edmundston | Fredericton | Grand Falls | Kedgwick | Minto | Miramichi | Moncton | Perth-Andover | Riverview | Saint John | St. Stephen |  Sussex | Woodstock


Our Licensed Insolvency Trustees Can Explain Your Options. Call One of Our Offices Today for a FREE Consultation.

How bankruptcy works.

What it costs.  |   What you keep.  |   How you are protected when dealing with a trustee. 

How bankruptcy works.

Our website's purpose is to provide NB bankruptcy information and other options that will help people in Bathurst, Fredericton, Moncton, Saint John and other areas of New Brunswick and PEI get a fresh financial start by going bankrupt or making a consumer proposal and to provide resources to assist in building a secure financial future!

Our NB and PEI bankruptcy trustees are available to assist you in identifying your options and forming a plan to get you a fresh financial start.

In many cases there are options other than going bankrupt, including:

Consumer Proposal;

Credit counselling;

Third party settlements with creditors;

and refinancing.

Our NB bankruptcy trustees can help you manage stressful financial situations including:

Wage garnishment;

Creditor’s threatening legal action;

Responding to collection agencies;

Income tax owing;

Debt repayment strategies;

Proposals to creditors;

and Personal Insolvency.

Cost of a Bankruptcy.

In the vast majority of cases a bankruptcy will cost $1,800.00 payable at the rate of $200.00 a month for nine months. When you meet with one of our trustees the trustee will explain how bankruptcy works, including how the payments are calculated.

Asset you can keep, when you file a bankruptcy or a consumer proposal.

One of the major tenets of Canadian Bankruptcy law is that a debtor swamped with debt deserves a fresh financial start. Part of that fresh start is to let debtors retain some of their assets to aid in the fresh start and to maintain the dignity of the debtor.

The exemptions or asset you keep are listed as follows:

NB Bankruptcy Exemptions.

PEI Bankruptcy Exemptions.

How you are protected when dealing with a Licensed Insolvency Trustee.

1. The cost of bankruptcies and consumer proposals are regulated by the Government.

2. Fees are the same no matter which trustee in Canada you use.

3. If there is a dispute mediation is available.

Trustees are the best trained and educated debt professionals.

1. Most have a university education and are CPAs.

2. Must pass a rigorous three year bankruptcy law course.

3. Are investigated by the RCMP before being granted a Trustee License.

4. Ongoing education is mandatory.

Other qualifications of Trustees.

1. Trustees are officers of the court.

2. Trustees do not work for the debtor or the creditors but have obligations to both.

3. Trustees are subject to strict codes of ethics set by the government and the CPAs.

4. Trustees are the only debt professionals who can prevent creditors, including CRA, from taking collection action against you.

5. Trustees are the only debt professionals who can stop wage garnishees.

Most of the people who go bankrupt or file a consumer proposal are good, honest, hard-working people who seek debt relief as a last resort after months or years struggling to pay the bills left over from some catastrophic event or set of circumstances. It can be because of a divorce, the loss of a job, a failed business venture, a serious illness, or some family emergency, or because the person honestly and mistakenly fell into debt at a young age before they knew better, and before they knew anything about budgeting or how to manage money.

Take heart. You are not alone. In 2015 more than 120,000 individuals in Canada filed for personal bankruptcy or filed a consumer proposal.

We can recommend Licensed Insolvency Trustees in other areas:



Find a Trustee

Confidential Callback from a Trustee

Our Offices

How Bankruptcy Works

Bankruptcy Questions.

Ask a bankruptcy trustee 
(It's confidential).


Personal Bankruptcy
Steps in a Bankruptcy

Consumer Proposals
Steps in a Consumer Proposal

Bankruptcy FAQs

NB Bankruptcy Exemptions

PEI Bankruptcy Exemptions

Consumer Proposals
Avoiding bankruptcy.

Debt that is erased in a bankruptcy or a proposal

Credit Counsellors & Trustees
Get the facts!

Credit Bureaus and Collection Agencies

Privacy Policy


After Bankruptcy:

Rebuilding and getting credit after bankruptcy or a proposal

Budgeting Spreadsheet

Get a Credit Card

Get an Auto Loan

Get a Mortgage.

Our NB & PEI Offices:



Acadian Peninsula;







Grand Falls;







Saint John;

St. Stephen;