Bankruptcy in Montreal, Quebec

Filing for personal bankruptcy in Montreal, Quebec is a legal process under the Bankruptcy and Insolvency Act (BIA). A Licensed Insolvency Trustee administers the process, which typically lasts 9 to 21 months for a first-time filing. Quebec exemptions allow you to keep up to varies (civil law system) in home equity, $6,950 in vehicle value, and varies in household goods. There are 67 Licensed Insolvency Trustees in Montreal who can guide you through the process.

67 ProvidersLast updated: March 2026

Frequently Asked Questions

How much does bankruptcy cost in Montreal?

A first-time bankruptcy in Montreal costs a minimum of $1,800 in administration fees. If your income exceeds the surplus income threshold, you'll also make monthly surplus payments.

What assets can I keep in bankruptcy in Quebec?

In Quebec, you can keep up to varies (civil law system) in home equity, $6,950 in vehicle value, and varies in household goods. RRSPs are exempt except for contributions in the last 12 months.

How long does bankruptcy last in Montreal?

A first-time bankruptcy with no surplus income lasts 9 months. With surplus income, it extends to 21 months. A second bankruptcy takes 24 to 36 months.

MyClearDebt is not a debt relief provider. We do not provide financial or legal advice. Only Licensed Insolvency Trustees can administer consumer proposals and bankruptcies in Canada. Verify any provider's licence on the OSB register.

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