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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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Recent Court Judgment in favour of creditors

Following a court judgment on the creditor’s behalf, can a creditor use the court judgment to recover his debt by such means as selling your home, confiscating your joint bank account, or sell your car which you use as a means of transportation to work, if the creditor was already garnishing your salary and the garnishing ceased because it was superceded by a garnish by Canada Revenue for outstanding taxes?

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One Response to “Recent Court Judgment in favour of creditors”

A licensed trustee said...

Yes.

I suggest you click on the Find a Trustee link to discuss your options with a trustee.