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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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Visa debt

I have an outstanding visa debt that I cannot pay, I own a truck on payments, can a collection agency seize this truck and should I declare bankrupcty

Posted from: British Columbia

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One Response to “Visa debt”

A licensed trustee said...

No, a collection agency cannot seize your truck to pay off your Visa debt. Based on the lmited information you have provided, I can tell you whether or not filoing for bankruptcy makes any sense – what you may want to do is use the linkson this site to find a trustee in your area and give them a call. Once they have a better understanding of your situation they should be ableto recommend a solution that makes sense for you.