Declaring Bankruptcy doesn’t have to be a negative experience. At J. Campbell & Associates Ltd, we see filing for bankruptcy as a new beginning. We know that an endless list of circumstances can lead to unmanageable debt, whether is an unexpected change in market conditions, sudden job loss, serious illness or accident, or simply, debt caused by the challenges of making ends meet,compounded over time. Regardless of the reason, you are not alone. Millions of people and companies choose to file for bankruptcy as their debt-relief solution every year and bounce back even stronger than before. Break free from the oppressive confines of unmanageable debt with a bankruptcy solution for your personal or corporate debt. We can help.It’s not just individuals who can run into financial challenges. Businesses can also run into financial distress and may need to use proceedings under the Bankruptcy and Insolvency Act to either wind down their operations or get relief from their creditors, allowing them to continue with their operations.Corporate bankruptcies are much different than a personal bankruptcy, but follow a similar principle. A corporation that files bankruptcy will turn over its assets to the Trustee for realization and will cease operations. A corporation generally does not receive a discharge. It is important to know that an owner or director may have personal liability for certain debts, depending on the structure of the company.