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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 Super Intendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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Judgement Proof

I saw your advice to someone that was unemployed and filing bankrupty… You said he was `Judgement Proof` because he had no job or assests… Does this apply if you are collecting unemployment?

Posted from: Ontario

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One Response to “Judgement Proof”

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

Judegement proof simply means your income is to low or your assets are not sufficient for your creditors to garish or seize.

So being on unemployment may result in someone being judgement proof, but there are other factors that must be looked at to determine this.