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

"*" indicates required fields

Name*

Phone Number*

Email*

This field is hidden when viewing the form

What's the best time to contact you?*

Location*

What city do you live in?*

This field is hidden when viewing the form

Source

How can we help you?

Phone

This field is for validation purposes and should be left unchanged.

Select Trustee By Province

Cant retire

I am 71 collecting ccp and old age pensions but still have to work to pay minium payments on credit card payments of 40,000 , is a consumer proposal best thing to do?

Posted from: British Columbia

Share this post:

X (Twitter) Facebook LinkedIn Email

One Response to “Cant retire”

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

A consumer proposal is one way to deal with this, but I would likely recommend you look at the filing of a bankruptcy. The reason for this is your age. Let me explain, at 71 I find that credit or the importance of having good credit isn’t usually a priority and protecting a portion of your long term credit is the main advantage of filing a proposal. Now this doesn’t mean that a consumer proposal wouldn’t work, but it may be longer and more costly than you need at your stage in life. Either way I would recommend that you sit down and discuss this with a local trustee and they will help you determine what route you feel most comfortable with help to alleviate some of this $40,000 burden you are struggling with.