6 Things You Won’t Lose in Bankruptcy

  1. An unsecured vehicle (to a value of $5,650)
  2. RSPs are exempt (except for contributions in 12 months prior to bankruptcy)
  3. Tools of your work trade (to a value of $11,300)
  4. Clothing (to a value of $5,650)
  5. Household goods (to a value of $11,300)
  6. Most life insurance policies


A sigh of Relief | Dec 18, 2013

It’s not an easy thing to admit that you are having financial difficulties, let alone publicly announce it for the world to see, but I thought that maybe my experiece would help someone who is struggling. As I said, it’s not easy to admit that “you’ve failed”. Your relationship has disintergrated, your income has been cut and now you’re on your own trying to make ends meet and keep everyone happy. Creditors are calling and you dread looking at your mail because you know that there are notices awaiting you. I struggled for sometime, then was told about Paul and his staff. I figured that I had nothing to lose (everything was already gone, except my sanity, well…even that is debatable) I made the call to Paul Pickering’s office and my first appointment was with Cavan (see Cavan, I told you I would write this) I found them all to be very warm, welcoming and very understanding. I found that instead of “shrinking” in embarassment, I was able to stand tall and be proud of who I am and what I was trying to do. Paul, Cavan and the rest of his staff are amazing people. They have always shown the upmost respect and understanding. They have answered all my questions, fears and concerns.

So, if you’re wondering and you’re worried where to turn when things just seem to be so overwhelming, take a chance on calling Paul’s office. I’m sure it will be one of the best decisions you will ever make.

You might walk in with world on your shoulders, but you’ll walk out standing tall.

About Us

“We started this business in 1990 to provide one on one financial solutions. We are here to help you through your solution with dignity, respect and the highest confidence in your future.”

Paul J. Pickering CPA CA CIRP LIT

Paul J. Pickering and Associates Limited (formerly Paul J. Pickering Limited) was founded in 1990 with the ideas and thought of helping individuals deal with personal debts and the process of financial rehabilitation.

Paul Pickering graduated from the Ivey School of Business, University of Western Ontario in 1976. In 1980 Paul received his Chartered Accountants designation and his Trustee licence in 1988.

While working for a national insolvency firm, Paul saw the need of providing financial services on an individual basis without the structure of a large imposing firm. On November 1, 1990, the firm was born.

Since 1990, the firm has continued to provide one on one service to London and area. All facets of the Bankruptcy process or Proposal process are conducted within the office. Unlike other firms, we do not use contract facilities to provide the counselling required under the legislation.

All consultations are free of charge because we encourage people to understand the process. We leave the decision to the individual as to how they wish to resolve their financial situation.

Our goal is to treat everyone facing financial difficulty with dignity and respect.