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The purpose of this Directive is to set out the framework of a program that will permit a debtor who has insufficient funds to cover the cost of an administration of a bankruptcy to have access to the bankruptcy system. This Directive sets out the procedure and criteria for eligibility.
The Bankruptcy Assistance Program (BAP) is an initiative designed to help individuals who are unable to afford bankruptcy filing costs. It provides an opportunity for those who lack the financial means to navigate the Canadian bankruptcy system.
What is the Bankruptcy Assistance Program? Bankruptcy is a legal process that frees you from all your debts (with few exceptions, such as child support, spouse support, and court fines). It is considered a last resort when dealing with debts.
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28 Οκτ 2020 · The Bankruptcy Assistance Program (BAP) is designed to help make bankruptcy affordable for debtors who cannot afford the fees of a Licensed Insolvency Trustee (LIT). It permits people who do not have the funds to cover the costs of bankruptcy to still be able to access the Canadian bankruptcy system.
