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

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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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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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Joint Ownership

I`m considering filing bankruptcy in Ontario,because I have no income to pay my creditors. My question is, I own a vehicle worth $2000(free and clear) which I need to get to work (if employed), because I only work as an independent contractor and co-own one residence with two other family members.A total of three are on title to this property.All of my debt is unsecure (credit card debt). What will I lose in filing bankruptcy in Ontario? Most of this debt accumulated during my late teens.

Posted from: Ontario
from: Ontario

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One Response to “Joint Ownership”

A licensed trustee said...

You’ll be able to keep your car as its value falls below the $5650 allowed in Ontario.