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

"*" indicates required fields

Comments

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

Bankruptcy

I am considering declaring bankruptcy, however, my spouse has already been bankrupt (now discharged) and am wondering how wise this choice would be for me now? Would it be difficult in the future to acquire loans, etc.?

Posted from: British Columbia

Share this post:

X (Twitter) Facebook Pinterest LinkedIn Email

One Response to “Bankruptcy”

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

It is always difficult to get a loan after bankruptcy, but often it is no different than the position people are in prior to bankruptcy. This is one thing that most people forget as obtaining a loan is based on more than simply your credit history and most people I see prior to bankruptcy, due to their existing debt level, simply are not able to borrow any money.

So in sum, yes applying for loans will be a challenge, but you probably won’t see much of a change, and the good thing is that your debts will be dealt with so you may not need as many loans in the future.