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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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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secured loan

I have been in bankruptcy for approx.9 months,I have 3 secured loans which i have not made payments on because of no work.I just sold my home to pay the loans but there was so must interest added on what I was to get for my home don`t come close to what they want because of the interest.Can interest be charged while I am in bankrupycy?

Posted from: Alberta

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One Response to “secured loan”

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

Secured creditors largely operate outside of a bankruptcy. As such they are allowed to charge interest as stipulated in the original security agreement and the bankruptcy has no ability or authority to impact this.