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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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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Creditors

would stop the creditors from chasing me away if I claim buncraptcy?

Posted from: Manitoba

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One Response to “Creditors”

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

Yes, when you file for bankruptcy there is immediately a Stay of Proceedings that is put in place. This is legal protection from your unsecured creditors and it removes their right to collect on the debt (i.e. they can’t call, sue, garnish or even charge interest). This is effected the day you file for bankruptcy.