June 9th, 2011 by Questions
I am 60 years old and lost my job 2 years ago, I have taken early CPP and have a minimal company pension. I cannot pay credit card debt. Please advise what is the best route to take. Thank you.
Posted from: Ontario
June 09, 2011 at 12:47 am, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:
Depending on the size and type of the pension, you are likely best to look at a bankruptcy. While there are other options, the advantages of those really involve protecting a portion of your credit and at your age, credit really shouldn’t matter to much. So I would recommend that you contact a local trustee, sit down with them and have them explain how a bankruptcy can help you put these debts behind you.
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