October 28th, 2011 by Questions
I used my credit card money to buy stocks. Due to recent stock market crash i lost almost everything and i am unable to pay them back. Is bankcruptcy or consumer proposal my last option?
Posted from: Ontario
October 28, 2011 at 10:46 am, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:
Both a bankruptcy and a consumer proposal are two potential options to deal with this debt. Which option is the better fit will really depend on the level of your debt and your current cash flow. The best way to know is to contact a local trustee and they will review these details with you and help you to determine what is the better fit for your situation.
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