September 24th, 2010 by Questions

My wife declared bankruptcy about 10 yrs ago and I about 25 yrs ago. Can we do it again, and will we have to make a monthly payment to creditors still? Or can we be absolved of our debt totally?

Posted from: Ontario


One Response to “WORRIED SICK”

, A licensed trustee said:

Yes you may, but the procedure will be extended. The second time aperosn files for bankruptcy the process takes a minimum of 24 months, possibly 36 depending on household income.

You may want to lok into something called a consumer proposal before you decide to file bankruptcy again. Use the links on this site to find a trustee in your area and give them a call to discuss all of your options to deal with these debts.

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