Do I go to jail if I file for bankruptcy?
No. Just because you are in debt and have been forced to file an assignment in bankruptcy, you do not have to go to jail. Jail is very rare and would only result from serious violations of your duties under the Bankruptcy and Insolvency Act. If you committed fraud or gross misrepresentation on credit applications in the past you should discuss this with your trustee BEFORE you sign the papers to file your Assignment in Bankruptcy.
Contact Rumanek & Company Ltd. for more information. Or please fill out the form on the contact us page for additional information. Or if you would like a free evaluation please fill out the evaluation form or come in for an appointment as your first meeting is free.