I’m self employed but feel buried what can I do?
I owe revenue Canada 30 thousand dollars or more spreading out over 5 or 6 years. I have payments I make every month but is getting harder and harder to make! And just trying to keep up living with some income for myself is hard I’m at the point either eat this month or send govermeant their payment! I’m self employed but feel buried what can I do to make this go away or lighten my load thanks!!!
Posted from: Newfoundland and Labrador
If you have the ability to make a payment but can’t afford the payments on your debt in full each month you may wish to consider a consumer proposal. This option allows you to pay all or a portion of your debts interest free. The required payment is based on your budget and ability to pay. The payment structure can also be designed to fit any slow or busy periods for your business. Only a licensed trustee in bankruptcy can help you figure out if a consumer proposal is the right option for you. I would encourage you to make an appointment for a free consultation.