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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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retirement

i am retireing and considering bankruptct

Posted from: Ontario
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One Response to “retirement”

A licensed trustee said...

I am sorry you find yourself in financial trouble as you prepare to retire. This won’t make you feel any better, but the “fastest growing” segment of the population that is filing bankruptcy is the senior community.

The average person we see has about $59,000 in unsecured debts – the average senior that calls us owes over $74,000. Seniors get hit with a double whammy – their income suddenly drops, but their expenses don’t necessarily change. When that happens they end up relying on credit to bridge the gap and then find themselves in really deep water.

Use the links on this site to find a trustee in your area to talk to. You’ve got options and the trustee will help you decide which solution makes the most sense for you.