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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What will happen?

I’m about 55000$ in debt with credit cards! When you go bankrupt you have to pay a trustee right? For how long? and how much? I’m self employed so I will have to get a job right and I will loose my compagny?? I’m just scared… I don’t know what to do.

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One Response to “What will happen?”

A licensed trustee said...

The cost of a bankruptcy depends on many factors. You can read more about the cost of a bankruptcy by following this cost of bankruptcy link. Generally you can continue to be self-employed while you are bankrupt.

For full details, please contact a licensed trustee.