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?

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.

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

Select Trustee By Province

Is bankruptcy the smart option for me?

all debts added up come to about $14000 – this is all unsecured and i have aquired no assets at this point in life. i make good money but it mostly all goes to bills. I pay the minimum due or slightly more each month and find i am spinning my wheels and getting no where. Is bankruptcy the smart option?

Share this post:

X (Twitter) Facebook LinkedIn Email

One Response to “Is bankruptcy the smart option for me?”

A licensed trustee said...

Bankruptcy may be an option, but it’s not the only option. You may be able to try to service the debt yourself, or perhaps file a consumer proposal.

Filing for bankruptcy in Canada is an important decision that should not be taken likely. It will deal with your unsecured debts, but it also affects your credit in the future, so you should first contact a licensed trustee for a free initial consultation to fully explore your options.