Can you claim bankruptcy with WSIB

Richard Sklar Posted by:
Richard Sklar, CIRP, LIT
Licensed Insolvency Trustee

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Can you claim bankruptcy with WSIB

Workplace Safety & Insurance Board or WSIB for short, is where Employers pay to an insurance fund (province-wide). Insurance premiums are established on the employer’s payroll & work related accidents in their industry. WSIB is a compulsory requirement for the majority of the construction industry and many other industries and can be included in a personal bankruptcy.

WSIB and Personal bankruptcy

When a person claims personal bankruptcy, the debt due and owing to the WSIB is a provable debt. When WSIB files a proof of claim, in the bankruptcy, WSIB has the same obligations and rights as the person’s other unsecured creditors with provable claims. Debt recovery directly by WSIB and other creditors is not allowed in bankruptcy proceedings.

It is important that a person makes sure that they have all their WSIB and CRA filings/submissions filed up to date before proceeding with a bankruptcy.

For more information see WSIB. More information available on Recovery of Benefit-Related Debts from the WSIB website.

If you have WSIB debts that you are unable to pay, consult with a professional trustee at David Sklar and Associates. They can help review your case and see if bankruptcy or a proposal is the right choice for you. They can help provide you with the information to help you make the best choice for your business.

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If you are overwhelmed by debt, call us at 1-844-962-9200 to book a FREE, confidential appointment. We will review your financial situation in detail and discuss all of your options with you. Alternatively, you can fill out the form below and our team will reach out to you. 

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David Sklar & Associates Inc. – Consumer Proposals & Licensed Insolvency Trustees
David Sklar & Associates Inc. – Consumer Proposals & Licensed Insolvency Trustees
4.9
Based on 893 reviews
I was a little nervous going into my consumer proposal with David Sklar & Associates as I had a horrible experience attempting to file with a different group.Following the first correspondence, I immediately felt much more relaxed and confident in my decision.Beatriz was incredible! I feel so lucky to have had her working with me.She was friendly and kind, professional, patient, considerate, and caring. I felt no judgment in anyway. Honestly, speaking with her regarding my debt felt like I was speaking with a family member – just very easy to discuss how I ended up in my financial situation and being met with understanding, no judgment.Mark was also very kind and made sure that I understood what was discussed and was open to going over it again if needed prior to signing.David Sklar & Associates is the team you want handling and assisting you with your debt. I have only positive things to say about them and will 100% recommend them to anyone if the situation ever arises.
ally.
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Helped me with filing for bankruptcy and getting a fresh start and made the whole process seamless and easy.
Sameer Kamal
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I would like to say "Thank you very much" for David Sklar team that handled my case smoothly and without any issues! I am glad that I ve got consultation by Jerry Janiec. He explained me all process in details and told me right away what options I do have to resolve financial difficulties. I ve proceed with consumer Proposal option and entire process was very smooth. Jerry took care of my case and gave me personal recommendations for future! Thank you very much Jerry and Hernee for your help and really take care of your clients!
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Very knowledgeable, helpful and fast service
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Trina was amazing and quick. No judgement was made and they all made me feel I made the right decision. Would highly recommend them
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Trina was very easy to work with. Any questions I had were answered promptly. What seemed like a complicated process was explained in a clear manner that wasn't at all intimidating. It made for a more comfortable experience during a turbulent time.
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Jackie is very professional...I would recommend David Sklar to anybody especially knowing how understanding they are.
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I had Shirley and Kim take care of my finances. From the very first moment I spoke with Shirley I could sense how caring, professional and patient she was. She was also very understanding with my lack of financial knowledge and never made me feel dumb as some other companies have.Her and Kim were always very quick to respond to emails, always available if I called and answered my abundance of questions in such detail that I now believe I have a thorough understanding of how finances work. I am hopeful about my fresh financial start and very grateful I had the privilege of meeting and working with these two beautiful women.I also spoke briefly with Richard over zoom and he to was extremely friendly, patient and made sure I was well taken care of.I could not recommend David Sklar and Associates more. Thank you again.
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