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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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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line of credit and personal bankruptcy

can i claim bankruptcy with a line of credit

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One Response to “line of credit and personal bankruptcy”

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

Yes, a line of credit (as long as you haven’t pledged any security against it) is considered an unsecured debt that can be compromised in a bankruptcy or proposal.

For more information contact a licensed trustee in your area.