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This guide will outline the effects of bankruptcy in more detail, including what bankruptcy is, how your spouse might be affected, and how your credit score will change.

In this guide, we’ll explain the key differences between debt consolidation and bankruptcy - helping you make an informed decision about the next steps you might want to take.

To apply for bankruptcy in Toronto, you must consult a Licensed Insolvency Trustee (LIT), who will assess your financial situation, explain your options, and prepare the necessary paperwork. Once filed, your bankruptcy legally protects you from creditors, and you'll need to fulfill duties like attending credit counselling and reporting your income.

This guide will outline bankruptcy in more detail, including how to declare bankruptcy, how long a typical bankruptcy lasts