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

"*" indicates required fields

Phone

This field is for validation purposes and should be left unchanged.

Name*

Phone Number*

Email*

This field is hidden when viewing the form

What's the best time to contact you?*

Location*

What city do you live in?*

Total Unsecured Debt*

*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.

This field is hidden when viewing the form

Source

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.

Agreement*

I understand that Bankruptcy-Canada.ca does not provide debt relief services directly and agree to securely share this information with a local Licensed Insolvency Trustee (LIT) for a free, confidential consultation.

Select Trustee By Province

debt and no permanent employment

I have approx. 56,000 in debt and no permanent employment (free lance contractor). My home is a trailer in an RV park (secured loan of $18,000). The bank has stated that they will seize my trailer if I declare bankruptcy. I have a pet and the small monthly payment on the trailer together with the pad rent is much much less than an apartment would cost. Any alternatives?

Posted from: British Columbia

Share this post:

X (Twitter) Facebook Pinterest LinkedIn Email

One Response to “debt and no permanent employment”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

Most secured lenders will allow you to keep the property if you are up to date on the payments and continue to make payments after a bankruptcy. The threat of seizing the property if you file bankruptcy may simply be a threat as most times people are permitted to keep property like that.

As for alternatives I would typically suggest a consumer proposal, but if you don’t have consistent employment that may be difficult. The best thing I can suggest is to contact a local trustee and review things in detail. They will then be able to advise as to the best course of action.