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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How does this work

When I got my credit card I only wanted a $1000 – $2000 limit. When it came in the mail…the amount was $9000. Do I have any rights considering I did not want this credit limit….and personally I don`t know how I got so much. I racked up the credit card, my ex-husband wasn`t paying me support, things started to fall apart. Now I owe this amount. If I declare bankruptcy do I lose my house/vehicle etc.

Posted from: Ontario

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One Response to “How does this work”

A licensed trustee said...

I am sorry, but if you only wanted a $1,000 limit you should have called the credit card company and asked them to reduce it. Further, just because you had a $9,000 limit doesn’t mean you had to use it. By using the card to the limit you are responsible for repaying the debt.

In regards to your house and vehicle, you should contact a trustee in your area to discuss how bankruptcy works and how it will affect you.