Pierre Roy & Associés - Bankruptcy Trustee serving Montreal, Laval, Longueuil, Ile-Perrot, Vaudreuil-Dorion, Valleyfield, Pierrefonds, Repentigny, Lavaltrie, Pointe-Aux-Trembles and Terrebonne.

Pierre Roy & Associés

- Insolvency advisors / Bankruptcy Trustees -

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Life after debt!

» A Bankruptcy

In Canada and here, in Quebec, we rely on several social laws such as the Employment Insurance Act, Quebec Medicare, the Quebec Automobile Insurance, etc.

The purpose of the Bankruptcy and Insolvency Act is also to help the general population overcome a difficult financial situation.

First and foremost, in most cases, a person in debt takes the decision to renounce his or her property.

If you are considering filing for bankruptcy, you must see a trustee in bankruptcy, who will assess your financial situation and determine if you can file for bankruptcy under the Bankruptcy and Insolvency Act. The Internet helps to get a general understanding of the bankruptcy process, but a meeting with a trustee in bankruptcy will enable you to determine with certainty if bankruptcy is truly the best solution for you to get you out of this predicament.

Although some property can be seized, according to Law, you are entitled to keeping certain items. This is determined case by case and we would be pleased to review your case with you.

In most cases and after a certain time lapse (depending on whether it is the first, second or greater bankruptcy that you file), the person declaring bankruptcy is discharged of all debts, this discharge being the ultimate goal.

One of the benefits of a bankruptcy is that any legal proceedings and other recourses instituted against the bankrupt to force the payment of a debt stop.

You must be considered insolvent to file for bankruptcy, that is:


Finally, the best solution for you is to take the time to get informed. Come meet with us, without any obligation on your part or cost to you.