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

"*" indicates required fields

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 at age 68, receiving alomony

My mother in law is 68 and has never worked. She receives alimony from her ex husband of 35 years…he is now retiring and her amount will decrease. She has $35,000 in credit card debt, and about $10,000 in taxes, lives in an apartment but has $150,000 in some sort of locked investment she recieved at the time of the divorce. She does not get CPP. She cannot afford her monthly debt payments. Can she declare bankrupty with the $150,000?

Posted from: Quebec

Share this post:

X (Twitter) Facebook Pinterest LinkedIn Email

One Response to “Bankruptcy at age 68, receiving alomony”

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

There are a number of investments that are protected, but without knowing the specific type of investment, when it was put in, where the money came from etc. it is not possible to determine if this is a prote4cted investment or not. So you need to gather up any details concerning this investment and consult with a local trustee.