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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Is it worth filing ?

Selling home due to breakup and not enough equity to cover all the costs. Will need to come up with $30,000 to cover the mtg penalty, real estate fees etc. That is $15,000 each. Looking at cost to file and perhaps some suprlus repayment, not to mention a bad credit rating is it worth it to file ? We do have student loans but only 5 years old so I don`t believe would qualify to add. We are both currently employed.

Posted from: Ontario

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One Response to “Is it worth filing ?”

A licensed trustee said...

I can’t tell you whether or not it “is worth it to file”, but I can tell you that you should speak to a professional about your situation. Start with your accountant if you have one, or a credit counselor or use the links to find a trustee in your area.

Right now you need to know what your options are and a phopne call or a quick face to face meeting should provide you with the information you need to make an informed decision.