Understanding the bankruptcy and consumer proposal processes

If you've just filed your bankruptcy or consumer proposal, these documents will help you better understand what to expect throughout the process.

Frequently asked questions

Frequently asked questions about bankruptcy (PDF)

Frequently asked questions about consumer proposals (PDF)

Process flowcharts

The bankruptcy process flowchart (PDF)

The consumer proposal process flowchart (PDF)

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Self-employment income and expenses worksheet

If you're an existing bankruptcy client, you're required to report your monthly income and expenses. For those who are self-employed, we have prepared a simple, fillable document to help you do so.

woman sits on her bed with a laptop in front of her and her phone in her right hand. She is reviewing her tax information on her laptop and phone simultaneously.

Bankruptcy income tax forms

When you file for bankruptcy, your LIT is required to file your pre-and post-bankruptcy income tax return. Find the necessary forms here.