how long before my debt is erased?

October 21st, 2009 by Questions

i have been living on disability pension now for 9 years.my debt when i became disabled was approx 60k . with interest and penalties it is now over 75k.i have4 no way of making payments on this debt. how long before it is erased?

Posted from: Ontario

Questions

One Response to “how long before my debt is erased?”


, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

Your debt is not necessary erased after a set period of time, it really depends on what actions your creditors have or haven’t taken and through some relatively simple means the creditors can preserve their collection rights for a significant period of time. So you may simply have to continue to do what you have been over the last 9 years.

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