My credit has been perfect since a previous bankruptcy in 1995. My history of bankrupcty shows 2 previous bankrucptcies back in the 80′s which is a very long story, some not completely correct and I have documentation. So technically if I go bankrupt again the registar would believe this would be my forth time. I [...]
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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:
Posted on Wednesday, January 18, 2012
posted by Questions @ I own a home worth about 60 thousand dollars..I have 28 thousand in unsecured loans. I have called numerous agencies for help to solve my debt problems, I am only working part-time and am a single mom of 3 children. No one will help me, I am scared they will change the locks on my [...]
Posted on Sunday, January 15, 2012
i’ve had enough, permanetly ill, on a reduced income 1300/mthly. credit debt 50k$. mtg 30K+ 50K secured line of credit total =80K secured. min payments are unbarable. i DONT want to sell my home, no other assets or additional income, i don’t have much extra to live after…need help Posted from: Quebec
Posted on Tuesday, November 29, 2011
I owe $5000. Income $1703. monthly I was looking at orderly payment of debts. Do I qualify? Posted from: Ontario
Posted on Saturday, November 12, 2011
If I defaulted on the payments on CP and went bankrupt, does the payments made already count in bankruptcy? and how? Thank you Posted from: Ontario
Posted on Thursday, October 6, 2011
Hello, We have approx. $98,000 in debt and are finding that even though we are making payments of over 1200 per month (including interest) we are esentially spinning our wheels and it looks like we will be 8-10 years of these payments to get ahead – and that is if we can maintain this level [...]
Posted on Friday, September 30, 2011
Hi, My wife and I have accumulated a lot of debt. 80 K unsecured. We make our payments on time but are constantly getting deeper in debt. We have a mortgage and a car loan we also pay on time. There is not much equity in the house. We are making the minimum payments with [...]
Posted on Friday, September 2, 2011
My husband and I both have very good jobs. Last year he was unemployed for a period of time therfore fell behind. We have 25,000 in RSP Line of Credit Loan, We have 40,000 Line of Credit, 14,000 Credit card, 10,000 Credit card, two store cards totalling 3,000. We do not want to file bankruptcy. [...]
Posted on Monday, August 22, 2011
We have no surplus income, can we still file for a proposal to avoid bankrupcy and how much we will be paying monthly? We have no assets. Thanks Posted from: Ontario
Posted on Saturday, July 9, 2011
Does a debt management plan affect your credit rating? Posted from: Ontario
Posted on Tuesday, July 5, 2011
