Victoria Bankruptcy - PDSC Trustee Site

Get Started Today!

Our Bankruptcy Trustees are here to help!


Also be sure to check out our FAQ Pages

Debt Calculator

Compare Your Debt Repayment Options

Explore PDSC by Topic

PDSC Testimonials
Read More >>>

"Thank you so much for all you help, I wouldn't have made it without your help "
~Regan - Victoria

"Thank you so much for helping us through such a difficult time. You made a bad situation bearable. "
~Brenda - Oak Bay

Posts from the 'Corporate Insolvency' category

Petitioning a debtor into bankruptcy. Will it cost the creditor?

2013-10-16 19:02:53


I have a couple of questions with respect to Involuntary Bankruptcy or petitioning a debtor into bankruptcy:

1.  Does the debtor pay for the bankruptcy or does the petitioner?or Will it cost the creditor?

2. Are the terms for discharge etc the same as a voluntary bankruptcy?



With regards to petitioning someone (i.e. a person) into bankruptcy, you have to...[more]

Business Debts Personally Guaranteed

2014-04-08 20:54:57

I have recently closed a business and there are debts remaining that I personally guaranteed.  I took out a government guaranteed loan from a Canadian major Bank for purchase of most of my equipment.  Loan was for $70K co-signed by my Dad.  If I default Dad (me) will be on the hook for just over $17K shortfall.  I borrowed an additional $157K from my parents for the balance of equip purchases, capital improvements to my...[more]