Filing Bankruptcy Yourself – Is it even possible?

The question of filing bankruptcy yourself or whether filing bankruptcy yourself is even possible is a question we receive from time to time. Bankruptcy is governed by the Bankruptcy and Insolvency Act which stipulates that bankruptcy must be filed through a Licensed Insolvency Trustee.

Without a Licensed Insolvency Trustee you cannot file a bankruptcy.


Debt can be a symptom of any number of problems and life circumstances. However, it is important to understand that YOU ARE NOT YOUR DEBT.

At Halifax Debt Freedom, we'd love to discuss how we can help you become debt free.

Does this mean that you shouldn’t obtain your own representation and assistance to a) Determine if bankruptcy is the best option, and b) navigate the process?

The answer is by far No. You should always obtain your own independent advice prior to making any life-changing financial decisions.

Licensed Insolvency Trustees are required to represent the interests of the creditors while ensuring the rights of the consumer are protected. Because of this, they are unable to give advice that is tailored only for your interests.  If they did, they would be favouring one side over the other which is against their mandate.

Take 4 Pillars, for example, we exclusively represent the ‘Debtor’. We do not represent creditors in any way and will never compromise on this position when dealing with our clients. What does this mean? It means that every time we will discuss your situation it will be with our client in mind first. This distinction is why we have become nation-wide experts at assisting Debtors across Canada to understand and implement the best debt relief option.

Resources about bankruptcy and other debt options?

We have a significant amount of resources on our blog page covering a variety of topics which we encourage you to read. We have written extensive articles on both Bankruptcy and the Consumer Proposal processes.

Debt Relief SpecialistThis article was written by David Moffatt. A Senior Debt Relief Specialist with 4 Pillars Halifax. 4 Pillars has assisted in creating plans that have helped save Canadians over $1 Billion dollars of consumer and tax debt since 2002. We believe that no consumer should have to struggle with the stress of overwhelming debt. Our debt restructuring plans can help you cut your debt by up to 80% with less than 3% of our clients ever getting into deep financial difficulties again. If you are struggling with debt please reach out. It hurts to continue to suffer financially.