some info please
December 3rd, 2009 by Questions
i have about $250000.00 in unsecured debt.i am self employed and business has been slow to non existant for about a year now.i have been able to make my minimum payments so far,sometimes late but always made them.i have defaulted on a few,not by choice, and they are in collections now. i really cant keep up anymore,do i just stop making payments and wait to go to collections on all of them or get sued or do i file asap.
i have no assetts and pretty much unemployed at this point.please help me understand what would be best to do.
also some of the owing credit is `dont pay for as year or six months`what happens with those accounts,will the reposess the stuff i bought 6 to eight months ago??
Posted from: Ontario