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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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question

i`m in debt about 60,000 mainly a personal loan, which they used my car as a lean, do i lose my car, if i claim bankrptcy?

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One Response to “question”

A licensed trustee said...

It is up to the lender to decide whether or not you will be allowed to kep your vehicle, but if they decide to let you keep it, you will be required to pay for it.

I suggest you contact a trustee in your area – they will know the local policies for lenders and may be able to give you the name of some one that will help you get a vehicle it the lender takes yours…

The other option to consider is to file a consumer proposal (as opposed to bankruptcy) – again, contact a lcoal trustee for more details.