I had a car that was taken back because I fell behind in payments. This happened over 4 years ago. I received something in the mail 4 years ago. Nothing since. However, recently married and my wife is making me try and fix the credit. We can’t afford to just call and pay the 20 […]
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Alternatives to Bankruptcy: Learn about Your Options
Are you trying to deal with your debt, but also avoid bankruptcy? - There are several alternatives to bankruptcy that are available to you, and each of them has its pros and cons. Knowing the details on how each of the options works will allow you to choose the one that best fits your unique situation.
To learn more about your bankruptcy alternatives:
- Follow the links at top left to read our articles on different alternatives to bankruptcy.
- Read the latest expert responses to anonymous questions on bankruptcy alternatives, below.
- Search our blog archive for "alternatives" or for one of the specific options identified in our articles (e.g. consumer proposals):
To ask a question about alternatives to bankruptcy:
- Post, anonymously, your questions about bankruptcy alternatives to our blog.
- Request a free evaluation of your situation to get an expert's opinion on which bankruptcy alternative is best for you.
- Email your question to a bankruptcy trustee in your area, who will be glad to respond to your individual situation.
You can also contact a trustee near you for a consultation. Your first meeting will be free of charge or obligation, and will deal exclusively with your personal circumstances.
For questions on how to avoid bankruptcy, on alternatives to bankruptcy, and on related topics, trust the experts at Bankruptcy Canada!
The latest questions on bankruptcy alternatives, with our experts' responses:
Me and my wife are going thru rough financial problems right now. We are not late on any payments yet as we use our credit cards to stay in good standing with our creditors. I would not like to go bankrupt but need some type of help to get us out of this situation . […]
I recently spoke with a Trustee who said I was not a good candidate for Bankruptcy as I am “Judgement Proof” She advised if my financial situation changes I could consider filing then. Is doing nothing a common alternative? Posted from: Ontario
I have not been discharged from Bankruptcy but I received proceeds from accidental death insurance . The accidental insurance was taken after 10 months declaring bankruptcy Can a proposal be done Do I have a choice. Is accidental death exempt from trustee taking the money Posted from: Ontario
Our mom seems to be confused lately and orders things through the mail that she can not pay for. What can we do to help her. Posted from: Ontario
If I file a consumer proposal, will the creditors reject my proposal and force me to declare bankruptcy and sell my house to pay off thr unsecured debt? My credit card debts are around $80,000 and if I sell my house I might get $50,000 after paying the mortgage Posted from: Alberta
I have a 2012 Dodge Ram truck I cannot afford to drive it back and forth to work 150.00 week (110 kms) my payments are all up to date. I called the bank for a voluntary repo but was told I would still have to pay the remaining monies after they sell the truck. Question, […]
Hell, I have around 60,000 dollars debt which includes an eight year old student loan. I’m considering bankruptcy however I have around 40,000 dollars in a locked in RRSP which I can only get at 55 years of age. What alternatives do I have, can the locked in RRSP use to paid the debts. If […]
I”m 62 years old with no job.I only have a TFSA account at Questrade.Can credit cards companies garnish that account.Is it in their practice to do so?If I file for bankruptcy,is that money($15.000) exempt? I owe over 40.000$ in credit cards and no income for now.What is your advice.Thanks for your help. Posted from: British […]
CRA has just frozen account and taken the remaining funds. Payment plan was in place and have been making monthly payments to CRA as per the agreement and now they are saying I have to pay the amount in full. I am self employed and just lost a contract 2 months ago and now my […]