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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Options

im going through a divorce and could possibly end up with 46000 dollars worth of debt. i bring home 2200 a month, this debt doesnt include my car that i have monthly payments on. I’m struggling very much with with all the debt at the end of the month. i am left with approximately 900 a month and this is to cover rent, groceries and gas. i’m lucky to be able to live with my friend for only 400 month but i would like to get into my own place. is debt settlement an option for me?

Posted from: Alberta

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One Response to “Options”

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

From the sounds of it a debt settlment program may be to costly given your current income and expenses. A debt settlement often works better when you have a little more space in your budget. But it is definately something to be considered. What I would recommend is that you contact a local trustee and they will be able to review your budget and help you to determine if the debt settlement is realistic, and if not what options would make sense.