Summary Administration

If you owe $1,000.00 or more, are generally unable to meet your financial obligations as due, and have a disposable/seizable asset base of less than $15,000.00, a Summary Bankruptcy may be the right tool for you to regain financial control.  Essentially, you surrender your seizable assets to the Trustee, follow a number of rules and regulations as dictated by the Bankruptcy & Insolvency Act, and, in return, obtain a discharge from bankruptcy.  As it implies, the Automatic or Absolute Order of Discharge erases your debt.  While you are in bankruptcy you are fully protected in that a stay of proceedings is invoked.  Lawsuits are prohibited and discontinued, garnishments stop, and your creditors communicate with the Trustee, affording you the ability to re-attain financial comfort.

A Summary Administration is a streamlined process.  There is no notification of your bankruptcy in the newspaper. Usually a meeting with your creditors is not required.  Most often you do not need to attend Court.  Your costs are minimized in that you are not required to attain the services of a lawyer as the federal government has mandated that only Licensed Insolvency Trustees are able to administer this type of debt remedy.

Most individuals have the misunderstanding that they will lose all of their possessions and assets if they file for any type of bankruptcy relief.  This is not true.  There are a number of laws throughout Canada, both federal and provincial, that provide for asset protection with a view to allowing a certain basic standard of living.

Provincial Executions Acts (, the Pension Benefits Act (, the Insurance Act (, and the Bankruptcy & Insolvency Act ( all embody protective mechanisms related to specific assets.  The Executions Act (Ontario) mandates that personal effects, household effects, and a vehicle within prescribed amounts and that do not have liens against them, be protected from seizure including the seizure envisioned in a bankruptcy administration.  If there is no equity in your real property (house or land) and your mortgage is in good standing, your property is protected from seizure by the Trustee.  Your employment income is not seized per se.  Rather, the Bankruptcy & Insolvency Act provides a guideline amount above which 50 percent of your net income is to be voluntarily remitted to the Trustee for the general benefit of your unsecured creditors.  As a result of protective legislation it is most common that you don’t lose any assets simply because you have filed for bankruptcy protection.

A bankruptcy can be a necessary and productive tool when attempting to regain financial control.  In most circumstances, no assets are lost.  A debtor obtains certainty on its cash-flow and is better able to manage and regulate his monthly budget.  Protection and relief from your creditors is provided for by legislation so that you can regain control over your finances.

We have simplified the Summary Administration process.  That is because with guidance from your Trustee a Summary Administration is in fact a very simple process resulting in a discharge of most, if not all, of your financial obligations.  Should you wish to discuss this financial remedy in greater detail, please do not hesitate to contact Jeff directly.

Licensed Insolvency Trustee Serving Ottawa, Brockville, Kingston, & Belleville.

J. Webb & Associates is a full service insolvency and restructuring firm operating in Eastern Ontario.  We assist individuals, sole proprietorship’s, partnerships, and corporations in restructuring their financial affairs and obtaining a fresh start.  We can help you regain control of your budget, address your debts, and provide breathing space so you can get back in control of your financial life.  Our initial consultation is free of charge and focuses on explaining as many options as possible so that you can make an informed decision.  Personal or Business, we can help!  We are The financial problem-solvers  READ MORE…


1140 Morrison Drive, Suite 210
Ottawa, ON K2H 8S9

Phone: 613.820.2100
Toll Free Phone: 1-866.539.3328
Fax: 613.820.8384

What Others Are Saying…

I want to thank you for all you did for me. You are one of the best professionals I ever met. You will be highly recommended to all people in need.

Helen – Ottawa, Ontario

” Thank you Jeff and Your Team for all your hard work in making our experience much less painful then we can ever expect! With your guidance and help, we are now able to get back on our feet and get our financial life back on track. Your professionalism and guidance really helped us through this difficult time in our life and you made the complete experience much easier than we could have expected. Special thanks to Lori and Kaiti for all their help and great service. ”

Steve And – Emer Cornwall, Ontario

Thank you again for helping me. I am happy you were there at the time.

Joanne – Ottawa, Ontario

Thanking you for all the support and hard work, much appreciated!

Lisa Ottawa, Ontario

Thank you so much for what you have done for me. You have made my experience with this a much better one. I will never forget this. Thank you again.

Anne – Belleville, Ontario

Something interesting is happening, every month lately we have a bit more money left over! Amazing! You engineered this, thank you!!

Michael & Elizabeth – Carleton Place, Ontario

I want to thank you so much for helping me through a terrible time, bankruptcy, you made it bearable. No matter what the question you were always there with a friendly answer. Before starting the bankruptcy I was scared, but you put me at ease and helped each step of the way. Lord knows I wouldn’t want to go through this again but if I had to I know you would help. You know what people are going through and care about them. This is rare and what makes you stand out. Thank you, seems all I can say. Just know it is from my heart.

Christine – Picton, Ontario

Thank you for taking time out of your schedule to review my situation. Your advice was amazing. Thanks also to Kaiti and Lori as well. You’re all super!!

Robert – Brockville, Ontario

My husband and I would just like to say thank you for helping us out of the financial mess we got ourselves into. We really do appreciate everything that you and your staff have done for us!

Brenda – Kingston, Ontario

“Jeff and Kaiti, Thank you so much for all you have done for us in making a difficult circumstance transition smoothly. Your professionalism and help put our minds more at ease during this time. You are special people!” –

John & Barbara – Trenton, Ontario

“Thank you so much for all you have done to make a very stressful event so simple. I certainly appreciate it. I cannot thank you enough.” –

Karen – Ottawa, Ontario

A most sincere thank you to you and Jeff for helping me through a rough time. Your support and kindness helped me tremendously.

Patty – Trenton, Ontario