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

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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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Help!

I currently don`t have income though I am employed. No income due to medical leave issues. I have been using a credit card to pay for rent, food etc. I have 3 cards, I stopped using the other two. Will this be a problem if I delare bankruptcy? Im using the card to keep my apartment and stay afloat.

Posted from: Ontario

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One Response to “Help!”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

The best advice is to stop using the credit card. If you use the credit card knowing that you will never be able to pay it back and likely will be filing bankruptcy then technically you could have some difficulties as a result. Now, due to the items you have been using the credit card for I doubt these difficulties will arise in your situation, but it is always possible.

So the best advice is to stop using any of the cards and to local trustee right away so that you can deal with these outstanding debts without making the bankruptcy process more difficult on yourself.