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

"*" indicates required fields

Comments

This field is for validation purposes and should be left unchanged.

Name*

Phone Number*

Email*

This field is hidden when viewing the form

What's the best time to contact you?*

Location*

What city do you live in?*

Total Unsecured Debt*

*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.

This field is hidden when viewing the form

Source

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.

Agreement*

I understand that Bankruptcy-Canada.ca does not provide debt relief services directly and agree to securely share this information with a local Licensed Insolvency Trustee (LIT) for a free, confidential consultation.

Select Trustee By Province

Ms. Need Of Advice!

I haven`t paid my credit cards in the last 5 years. I know I owe $15,000 to $20,000. I stopped paying because I wasn`t working and when I did, I wasn`t making enough to pay back. I have a good job now and I`m ready to pay back and fix my credit. What should my first step be?

Posted from: Ontario

Share this post:

X (Twitter) Facebook Pinterest LinkedIn Email

One Response to “Ms. Need Of Advice!”

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

The first thing you should do is create a monthly budget, so you can identify how much you have available to dedicate to repayment each month.

Next you will have to determine how much is owing to each creditor. This may involve going through your own records, or perhaps calling each of the companies who you originally held the debt with.

Once this is done you are in a position where you can determine what is necessary. If you have sufficient to make payments directly to the creditors then great, if not you may have to consider looking into a debt settlement program through a credit counselling outfit or even the filing of a consumer proposal through a licensed trustee.