November 20th, 2009 by Questions
I jus have 20000 debt and on welfare. And the future is pretty bleak as well. What course of action should i take
Posted from: Ontario
November 23, 2009 at 9:13 am, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:
When you are faced with a situation such as this, with excessive debt and fairly low income, we often find that the filing of a bankruptcy is largely the only option available. Now it is also possible that you are in a position where you are considered creditor proof, meaning that your income is to low for your creditors to force any repayment and then a bankruptcy may not be necessary, but you will need to contact a local trustee to determine this.
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