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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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Proposals Advertised ?

Are consumer proposals with very large amounts of debt (Div 1 type) advertised in any newspapers or anywhere else ?

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One Response to “Proposals Advertised ?”

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

With a Division I Proposal there is no requirement under the Act to publish or advertise the filing in any way. The parties that are normally informed are limited to a) each of your creditors, b) the Superintendent of Bankruptcy, and c) the court. Other than that very few additional parties become aware.