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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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Can you declare bankruptcy on credit cards only

If my husband declares bankruptcy on his credit cards what can they take or make him sell? The house is in both of our names (we still have a large mortgage).

Can you declare bankruptcy on credit cards only?

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One Response to “Can you declare bankruptcy on credit cards only”

Barton Goth GCO Bankruptcy Trustees said...

This queiston is something that is determined by looking at the value of the specific assets, and the list of property that is protected (exempt) in the province you live. For more informaiton on this you can view the following site: bankruptcy exemptions across Canada or simply contact a local trustee directly.