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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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Should I Claim Bankruptcy

I co-signed for my daughter to have a credit card she has ran it up to over $30,000 but I am still responsible for that bill and she is not in good standing to pay the bill.I am a pensioner and all my finances are in good standing except for this visa. I have gone to see a credit councilor and even without paying interest it would cost me $550 a month for five years this is unaffordable to me should i just let it go to a collection agency or should I contact a Licensed Insolvency Trustee.

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One Response to “Should I Claim Bankruptcy”

A licensed trustee said...

I definetly think you should speak to a trustee, not only to discuss bankruptcy, but also a consumer proposal and more importantly, as a pensioner you may be “crediotr proof”. That means that a crediotr cannot garnishee your pension income – you’ll need to speak to a trustee to get a full understanding of what this means.