March 11th, 2009 by Questions
Have three previous bankruptcies on my credit file. 1st one was filed in government when I was 18. I went to see a trustee and was in debt for $4,000. Signed the papers but then never went back. This trustee stopped practicing and his files were sent to another trustee who filed by paperwork. A few years passed and I went bankrupt and was told by the new trustee that any bad debt from before would be included in this new claim. I thought I was going bankrupt for a first time and was then told it was my 2nd. Both of these occurred in the late 80`s and were less than $4k each. In 1995 my marriage ended and I was forced to claim bankrupty again this time for well over $100k. It was discharged and I have worked very hard to maintain a perfect credit rating ever since. I have since lost my job this past February and am starting to worry. I have over $100k in debt (which is all up to date) plus a mortgage of $160k and a leased vehicle. The last thing I want to do is go through this again but if I don`t find a job soon I may not have a choice – any advice or suggestions cause my fear is doing this again for what would be a fourth time and I doubt this would ever be discharged.
Posted from: Ontario