Bankruptcy or not? That is the question.
March 30th, 2006 by Questions
I’m 24, recently the government has garnished my wages. I owe Taxes of 20,000 + and have other outstanding debts, combined equaling about 40,000.with the taxes owing.
I’m worried if I claim bankruptcy that I will risk losing my car and stereo equipment within.
I live in Ontario, the car is worth about 5,000. [financed through a Credit Union] and the equipment is worth about the same. [financed through City Financial & Fargo Wells]. I don’t have a house or anything else of any value except personally owed tools to do my job. Without a car my job is up for grabs.
What should I do?