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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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how much monthly payment

Me and wife have joint about $80,000 of combined unsecured loan,a joint $30,000 of secred loan. I have another $60,000 of unsecured loan on my personal name ,the total equity in my house is around $80,000 and I am leasing a car (don’t own it). My gross yearly income is $90,000 and my wife gross is $36,000. What are my option for bankruptcy and how much approximate monthly payment We will have to pay and how long before we get discharge as we both might have to file bankruptcy.

Posted from: Ontario

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One Response to “how much monthly payment”

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

Unfortunately to determine what a bankruptcy payment you have not provided me sufficient information. To determine this you should simply contact a local trustee and they will be able to ask a few quick questions and determine roughly what you can anticipate the cost to be and how long these payments will be made as this is also dependent on the payment calculation.