Bankruptcy Toronto proceedings necessitate the bankruptcy trustees would place to auction non-exempt assets and get whatever liabilities out of those goes. This is single direction for them to fall liabilities to the first extent manageable. Through this, they would be able to offer a decisive timeframe to the creditors and as well have sacred time to look at whatever other result that they behind place into set. The bankruptcy trustee is your sole show of contact and you would have to be fine open and obvious with him or her in place to solve your problems and have you out of the mess to some extent.