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

"*" indicates required fields

Phone

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

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?*

Total Unsecured Debt*

*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.

This field is hidden when viewing the form

Source

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.

Agreement*

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.

Select Trustee By Province

Options

I have over 50k credit card and line of credit debt. Most items have become R9`s. But I also have positive items on my credit file as well. If I just let things remain as is(I know the derogs will go into collections and i will receive the harrassing phone calls) but will the R9`s eventually drop my credit file in time?

Posted from: Ontario

Share this post:

X (Twitter) Facebook Pinterest LinkedIn Email

One Response to “Options”

Barton Goth – Goth & Company Inc. – Bankruptcy Trustees said...

This is a difficult question to answer as it is highly dependent on the actions your creditors take. However, an R9 usually stays on your credit report for 6 years from the date the debt is dealt with, whether this is payment in full, bankruptcy etc.