FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

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If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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mercyme

Me and my wife have a debt of $70,000 in credit cards, line of credits and personal loans, all these in a failed investment. We have a very stable job in health care. We have a house worth $590,000 and owing the bank around $530,000. We don`t to refinance coz of the stiff penalty, plus the remaining equity wont be enough to pay our debts. We`re struggling to pay our debts on time and hoping if we`re qualified for a proposal. Thank you.

Posted from: British Columbia

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One Response to “mercyme”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

From the sounds of it you should have no problem qualifying for a proposal. The current limit for a consumer proposal is $75,000, but this changes on September 18, 2009 to $250,000 of non-mortgage debt. So at this point I would suggest you contact a local trustee and they will be able to assist you in putting a proposal together.