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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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cancelled debt?

Can a debt be cancelled automatically?

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One Response to “cancelled debt?”

Barton Goth, GCO Inc. Bankruptcy Trustees said...

If by canceled you mean forgiven then yes this is definitely possible, but rare. Often people assume a debt has been forgiven when the creditor has simply chosen levy collection at a time that more money or assets may be attackable (i.e. if you were unemployed they may choose to wait until you have full time employment so they have some funds they can garnishee).