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

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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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Must be employed to claim bankruptcy?

I took your websites advise and met with a trustee. After 2 hrs, she sent me to home to contact all my creditors to seek a months grace and basically told me to contact her or her office when I became employed again. Do you have to be employed to claim? I am on MB EI and only make enough to cover the mortgage. Is she just worried about her fees? This seems like one of the most appropriate times to claim bankruptcy. I’m confused. Should I seek out another firm?

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One Response to “Must be employed to claim bankruptcy?”

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

You don’t have to be employed, but while you are not employed there are 2 issues:
1. A bankruptcy may not be immediately necessary as there may not be any assets that your creditors would be able to pursue; and
2. The licensed trustee potentially could be concerned with the payment of fees.

I would contact the trustee’s office and as what their reasoning was for holding off, and if it was simply an issue see if there is a way that you can make a small payment each month and extend the bankruptcy over a longer period of time.