Fiset et Associés Syndic inc (Syndic Autorisé en Insolvabilité-SAI)

Licensed Insolvency Trustee

 phone :  418-781-2120

Personal Bankruptcy Solutions Available in Quebec

Avoid the risks and pitfalls of personal bankruptcy by calling Fiset et Associés Syndic Inc. Our team will guide you and help you achieve sound management of your finances.

Who is Eligible for Personal Bankruptcy?

  • A physical person who is an insolvent debtor with a minimum debt of $1,000.
  • Possibility of a joint bankruptcy.

Who Is Authorized to Act as Administrator in a Personal Bankruptcy?

A Licensed Insolvency Trustee.

What is the Duration of Personal Bankruptcy?

In general, the duration of personal bankruptcy is from 9 to 36 months depending on the particular circumstances of each debtor. The main factors that influence the time required to obtain a discharge are:

  • Whether this is the debtor’s first bankruptcy
  • Potential surplus income
  • Opposition to the request for discharge

Advantages: Personal Bankruptcy

  • The legal remedies of unsecured creditors are suspended, which prevents seizures of assets, seizure of wages and other recovery actions by creditors.
  • Insolvent persons may keep their assets such as their home, automobile and personal property depending on the circumstances of each case.
  • Beneficial for an insolvent person who does not have many assets and whose income is uncertain and/or who does not generate a surplus after payment of normal living expenses.
  • The Insolvency Trustee manages assets and debt to distribute the funds to creditors in accordance with the provisions of the Bankruptcy and Insolvency Act.
  • Possibility of obtaining an automatic discharge from debt within the time limits provided by the Act if there is no opposition to the application for discharge.
  • The costs of bankruptcy are governed under the Bankruptcy and Insolvency Act.
  • The insolvent person will regain control of their finances and will be able to start anew without the weight of the stress created by the debt accumulated prior to bankruptcy.

Bills Piling Up?

Call our insolvency professionals today.

Fiset et Associés Syndic inc (Syndic Autorisé en Insolvabilité-SAI)  

455 Grande Allée Est, OFFICE 100

QuEbec, QC G1R 2J5





Monday - Friday 08:30 AM - 05:00 PM

Emergency appointments available


  • Quebec
  • Montréal
  • Laval
  • Bas-du-fleuve
  • Gaspésie
  • Chaudière-Appalaches
  • Centre-du-Québec
  • Beauce

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