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

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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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Mr. K

I have about $35000 personal debt. I bought a house a year ago were I live with my wife and our two kids. Monthly cash is $2600 my salary and $1700 my wife`s salary. I pay around $600 monthly daycare and $1500 mortgage. I have no equity in the house, and bills are piling up, paying the property tax money from credit. I try to keep it up, but should I think of Bankruptcy or Proposal…? Thanks for advice!

Posted from: Ontario

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One Response to “Mr. K”

A licensed trustee said...

I think you should go and speak to a local professional now – before you start missing payments and/or get any further in debt. You spending time on this site and posting a question I think you recognize you need help – the next step is to make the call and go and see someone in person. It doesn’t have to be a trustee, it may be a credit counselor, or even the loans manager at yoru local bank. You just need some one more knowledgeable than you to have a look at your situation and give you some options to deal with it.

I realize it’s hard to speak to people about your finances, especially when you’re in trouble, BUT once you do you’ll have options and then you can develop a plan to deal with the problem. Once you have a plan in place you will feel better…