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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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Uncertain Position

I went to school over 10 years ago, funded by employment insurance. I didn`t finish the entire course and under that condition, I may be asked to repay the entire loan including all support for the year. I haven`t been asked, and I read of another man who was asked 25 years later to pay back a huge interest accrued debt. He fought it in court and didn`t end up losing his house, fortunately. But I am looking at the same possibility. I don`t know if I owe them a huge mounting debt or not!
What do I do? I am afraid to ask them and then start the ball rolling, so to speak.
If I do owe them money, are they required to tell me at some point? They`d want about 25,000 about 15 years ago.

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One Response to “Uncertain Position”

Barton Goth GCO Bankruptcy Trustees said...

From the description you have provided it is difficult to determine. What I would recommend is that you gather up all the documents you have concerning your bankruptcy and the support you recieved.

Bring this into a trustee and have them review this documentation to determine if you owe the money or not. If the trustee is not in a position to help then I would recommend contacting an insolvency lawyer instead.

One of these two avenues should be able to provide you the clarity you need.