Who Can See I Filed For Bankruptcy in Canada?

The majority of people who file bankruptcy are those who have gotten into small financial situations. This could be for any number of reasons and/or a combination of several, which lead to a larger financial problem for them to payoff. Additionally, those who have gotten into these kinds of situations often feel embarrassed about it. However, they do not need to be as people run into this sort a thing more often than you think. There is no shame in having an issue with making your regularly scheduled monthly payments or getting a decrease in our income unexpectedly. Situations such as this are usually out of our control, of course, that is not always the case.

You should not be embarrassed about filing bankruptcy; it simply means that you ran out of other options to a solution to your problem. They are often concerned about who will find out about it and how it may affect the way they are perceived in the eyes of others. This guide will help to alleviate the concerns you have about others knowing.

Who Will Know About My Bankruptcy?

Canadian laws and the Bankruptcy and Insolvency Act states that some entities and only a few other individuals will know of your bankruptcy. They include:


If you do not have a substantial amount of assets, newspaper agencies will more than likely not give your bankruptcy any attention and just ignore you. Typically, those who get a lot of attention in the newspapers are the ones who have high valued assets, small businesses, etc.

Credit Bureaus

The credit bureaus receive notices from the Superintendent of Bankruptcy’s office every month with the newest information on bankruptcy cases. It will then be recorded into the person’s credit report and remain for 7-years. This will show and remind creditors of your bankruptcy.

Potential Lenders

You must let any potential lenders know about your bankruptcy if they are taking into consideration lending you as much as $500 and over, this includes family and friends as well.

Federal Government

The federal government are the ones that handle the official bankruptcy records. It is a licensed bankruptcy trustees’ responsibility to report bankruptcy clients to the Superintendent of Bankruptcy’s office. This procedure is a little different than the other debt solutions, like debt settlement programs. A debt settlement may not have to report the settlement to the Superintendent of Bankruptcy’s office, but they do in fact have to report the debt amount forgiven in a settlement to the Canada Revenue Agency because it is a taxable income.

Individual Creditors

The bankruptcy trustee gives individual creditors a copy of your bankruptcy report, including any potential newer creditors.

Bankruptcy is Public Record

The truth is that there is not a way to keep anyone from looking at your bankruptcy records as they are considered as a matter of public record. These records are kept maintained by the Superintendent of Bankruptcy’s office and anyone who is curious is allowed to search these records. Regardless, not many people get too concerned over this. Most family and friends will usually find out from you eventually.

Keeping Matters Private!

Get started on starting your life over and do not let embarrassment keep you from starting fresh, file bankruptcy if all other debt relief options are no longer on the table. On the other hand, if there are other debt relief options available to you, keep in mind that they do not consider your bankruptcy a matter of public record and are much better at being discreet.

Want to learn more on the different debt relief options? Fill out our debt relief form.   

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