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

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*Unsecured debt includes credit cards, lines of credit, bank overdrafts, payday loans, and unsecured personal loans (excluding student loans). It does not include mortgages and car loans.

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How can we help you?

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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I understand that Bankruptcy-Canada.ca does not provide debt relief services directly and agree to securely share this information with a local Licensed Insolvency Trustee (LIT) for a free, confidential consultation.

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Would Debt Settlement be an option for me?

I currently owe approximately $18000-$20000 to unsecured debt (ie. visa, mastercard and a line of credit), I was wondering if debt settlement would be the right route for me to take? I am currently struggling to make my monthly payments, I hit a patch of bad luck last year and have been struggling to get back of my feet since. I would really rather not claim bankruptcy as I don`t want to lose my vehicle or anything else. I`ve never missed a car loan payment, nor have I missed paying a month of rent. Please let me know if this is a worthy option for me or what else could be suggested.

Posted from: Manitoba

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One Response to “Would Debt Settlement be an option for me?”

A licensed trustee said...

Based on the information that you have provided, I think you should definitely consider a debt settlement program. The worst thign that can happen is the debt settlement agency will suggest you speak to a trustee if they don’t feel their solution is right for you.