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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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Bankruptcy

I got myself into a lot of debt and was wondering how bankruptcy works and how much it costs. I ow 40,000 in credit card bills bank line of credit and a ford credit automobile loan of around 40,000

Posted from: Alberta

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One Response to “Bankruptcy”

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

There are a number of standard duties that are associated with filing a bankruptcy. They include things like two counselling sessions that must be attended, monthly payment that are tied to your income, monthly statements where report your spending. But the challenging thing is that a lot of the specifics about a bankruptcy are dependent on your situation. So what is best is for you to contact a local trustee to discuss this in detail.