What Bankruptcy Canada does

BankruptcyCanada.com is a Canadian consumer-facing educational portal and directory, founded in 1999, that connects individuals overwhelmed by unsecured debt with OSB-registered Licensed Insolvency Trustees (LITs) across all 13 provinces and territories. The platform serves as the primary national intake layer for federally regulated debt relief under the Bankruptcy and Insolvency Act (BIA), offering two core service pathways — Consumer Proposals (negotiated debt reduction of up to 80% with 0% interest over up to 5 years) and Personal Bankruptcy (full discharge of eligible unsecured debt in 9-21 months for first-time filers) — plus specialized services for CRA tax debt, active wage garnishment, and government student loans.

The underlying platform is a web-based directory augmented by seven interactive financial calculators built on official OSB Directive 11R2 standards, including surplus income estimators, provincial asset exemption calculators, wage garnishment limit checkers, a CRA debt forecaster with daily compounding interest modeling, a credit score recovery simulator, and a student loan dischargeability checker. A 4-step debt relief assessment quiz, provincial trustee directory with postal-code search, bilingual EN/FR coverage in Quebec and New Brunswick, and toll-free consultation booking (1-877-221-5295) round out the user-facing product surface. Consultations are delivered via in-person trustee offices or secure video conference with electronic signature nationwide.

The business model is freemium and affiliate-driven: consumers receive 100% free, zero-obligation consultations with no platform fees; the platform derives revenue from referral partnerships with federally licensed LITs who receive routed consumer inquiries. Trustee administration fees are strictly regulated OSB tariff rates built into the consumer's single monthly payment pool, not separately billed. The platform has served 100,000+ Canadians since 1999 and is PIPEDA-compliant as of January 2026. The company is privately held with no disclosed parent entity, funding rounds, or M&A activity.

Name

Bankruptcy Canada

Legal name

BankruptcyCanada.com

Website

https://bankruptcycanada.com

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

1–10 employees

Short description

BankruptcyCanada.com is a Canadian educational portal and directory, founded in 1999, that connects individual consumers nationwide with federally licensed insolvency trustees for Consumer Proposals, Personal Bankruptcy, and specialized debt relief services under the Bankruptcy and Insolvency Act.

Ownership category

akta.pro rank

Product category

Consumer Debt Relief Services

NAICS

Collection Agencies (561440), Activities Related to Credit Intermediation (5223)

SIC

Services-Consumer Credit Reporting, Collection Agencies (7320)

akta.pro primary industry

Credit Repair, Debt Relief & Bankruptcy Referrals (FSAEAMAH)

akta.pro secondary industries

Bankruptcy, Insolvency & Restructuring Servicing (Consumer) (FSAKAJAK), Financial Hardship & Forbearance Assistance (FSAEAFAJ), Insolvency, Restructuring & Bankruptcy Administration (BPAHABAL)

Keywords

• Consumer debt relief
• Insolvency trustee directory
• Consumer proposal services
• Personal bankruptcy referrals
• CRA tax debt help

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Marketing or Sales, Operations, Technology or R&D, Personnel, Others

Revenue model

1. Trustee Referral / Lead Generation: BankruptcyCanada.com is an educational portal and directory connecting consumers with Licensed Insolvency Trustees. The platform does not charge consumers for consultations or use of its tools. Revenue is derived from referrals and partnerships with OSB-registered LITs who receive consumer inquiries through the platform. Trustee administration fees for Consumer Proposals and bankruptcies are strictly federally regulated tariff fees set by the OSB, drawn directly from the consumer's single monthly payment — not billed separately by the trustee or the platform.
2. Consumer Proposal Administration (via partner LITs): Licensed Insolvency Trustees administer Consumer Proposals and Personal Bankruptcies under OSB tariff regulations. Trustee fees are included in the single negotiated monthly payment pool and are not charged as separate out-of-pocket costs to consumers. OSB Directive 11R2 governs surplus income payments; base administrative contributions for low-income bankruptcies are approximately $200/month for 9 months.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

BankruptcyCanada.com is a consumer-facing educational portal and directory that connects Canadians overwhelmed by unsecured debt with OSB-registered Licensed Insolvency Trustees (LITs) for federally regulated Consumer Proposals and Personal Bankruptcies under the Bankruptcy and Insolvency Act (BIA). The platform provides free, zero-obligation 30-minute debt evaluations, a national trustee directory covering all provinces and territories, and a suite of seven interactive financial calculators built on official OSB standards. Revenue is derived from referrals to partner LITs; consumers are not charged for consultations or use of tools.

Product overview

BankruptcyCanada.com is an educational portal and directory connecting Canadian consumers with federally Licensed Insolvency Trustees (LITs) for debt relief under the Bankruptcy and Insolvency Act (BIA). The core offerings are Consumer Proposals and Personal Bankruptcy, with specialized services for CRA tax debt relief, wage garnishment cessation, and student loan discharge. The platform provides a suite of seven free interactive calculators (Surplus Income Calculator, Consumer Proposal Savings Estimator, Wage Garnishment Checker, Asset Exemption Estimator, Credit Score Recovery Simulator, CRA Debt Forecaster, and Student Loan Eligibility Checker), a Debt Relief Quiz for initial assessment, and a national Trustee Directory covering all provinces and territories. The portfolio is entirely service-based, connecting users with LITs for consultations and filing services rather than selling software products.

Differentiator

Problem solved

Functional benefit

Products and services

• Consumer Proposal A government-backed debt settlement program under the Bankruptcy and Insolvency Act (BIA) where a Licensed Insolvency Trustee negotiates repayment of a percentage of total unsecured debt (often 20-40%) over up to 5 years at 0% interest, allowing the debtor to retain all assets including home, vehicle, and RRSPs.
• Personal Bankruptcy A formal legal process under Part II of the BIA to eliminate eligible unsecured debts entirely, providing a financial fresh start in 9-21 months for first-time filers with no surplus income.
• CRA Tax Debt Relief

Quantifiable outcome

• Up to 80% reduction in unsecured debt principal through Consumer Proposal negotiation
• +6 more outcomes

Named customers1 record

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• MNP LLP (MNP Debt): One of Canada's largest Licensed Insolvency Trustee firms operating a national consumer debt help portal with free consultations, calculators, and educational content. Direct competitor for both LIT services and consumer-facing lead generation in the same regulatory framework.
• Sands & Associates Insolvency Trustees: BC-based Licensed Insolvency Trustee firm with consumer debt help portal offering free consultations, educational content, and provincial asset exemption information. Comparable consumer-facing referral-to-LIT model serving the same Canadian distressed-debtor market.
• Debt.ca: Direct Canadian consumer-facing debt relief and consolidation referral platform offering similar educational content, free debt assessments, and connections to licensed professionals. Closest competitor given identical geography, target audience, and affiliate referral business model.
• 4 Pillars Consulting Group: Canadian consumer debt advisory and consulting firm offering consumer proposal alternatives, debt consolidation, and credit counselling with a heavy content-marketing presence. Competes in the same consumer-debt-relief consideration set with overlapping geographic reach.
• David Sklar & Associates: Toronto-based LIT firm providing Consumer Proposals and Personal Bankruptcy services with consumer educational resources. Comparable regulatory positioning under the BIA and similar target customer profile of indebted Canadians.
• Hoyes Michalos & Associates Inc. Canadian LIT firm with strong consumer-facing brand, multiple Ontario offices, and a content-heavy website providing educational resources and free consultations. Comparable service offering in Consumer Proposals and Personal Bankruptcy to the same Canadian consumer segment.

Emerging players

• Money Mentors: Canadian non-profit credit counselling and money management organization offering debt management plans, credit counselling, and financial education. Adjacent competitor for pre-bankruptcy consumers, often positioned as an alternative path before formal insolvency.

Broad incumbents

• BDO Canada Limited (BDO Debt Solutions): Large national accounting firm with a dedicated debt solutions practice that administers Consumer Proposals and Bankruptcies directly. Competes for the same consumer filings while offering broader financial advisory services, but does not specialize exclusively in lead generation.
• Grant Thornton Canada: Major Canadian accounting and advisory firm offering Licensed Insolvency Trustee services alongside audit and tax practices. Competes for the same consumer insolvency mandates under the same OSB regulatory framework as the LITs BankruptcyCanada.com refers to.
• Farber (formerly Farber Tax Solutions): Canadian insolvency and tax debt advisory firm providing CRA tax debt solutions, consumer proposals, and personal bankruptcy services. Competes in the same federally regulated debt relief space with broader tax advisory capabilities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/BankruptcyCanada1
• LinkedInlinkedin.com/company/bankruptcy-canada

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bankruptcy Canada