FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

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*Unsecured debt includes credit cards, lines of credit, bank overdrafts, payday loans, and unsecured personal loans (excluding student loans). It does not include mortgages and car loans.

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How can we help you?

If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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Need help here

Back in ’98, I started a bankruptcy, but did not finalize it. Today I have a sizeable debt owing to Revenue Canada but am able to pay. The agent is insisting on me filing bankruptcy to deal with this debt and I do not want to. What are my other options?

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One Response to “Need help here”

A licensed trustee said...

If you filed bankruptcy in 1998 and were not discharged, you are still bankrupt. You cannot go bankrupt again until you are discharged from your first bankruptcy.

Your options are:

1. contact your trustee and determine what is required to complete your first bankruptcy, and then go bankrupt again, or perhaps file a consumer proposal.

2. work out payment arrangements with CRA; if you have the ability to pay, this is the correct option.