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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What Now?

I am in an Orderly Payment of Debt program but have lost some of my source of income.My budget is so tight I can’t pay the OPD monthly payments is full. Can I apply for a debt settlement program whereby O would pay .10 – .50 on the dollar? My situation is ever more stressful now since my agreement is a legal binding contract. What are my option? I owe 49 000 in unsecured debt.

Posted from: Alberta

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One Response to “What Now?”

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

At this point you could look at filing a consumer proposal or ultimately a bankruptcy. The best thing to do is to contact a local trustee, although I believe you sent me an email over the weekend so you may have already done that, and schedule a time to sit down and review the changes that have taken place. From there the trustee will help you understand what options exist given your adjusted income.