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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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Picking debts and filing bankruptcy

is it possible to file bankruptcy on secured debt but still have unsecured debt?

Posted from: Alberta

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One Response to “Picking debts and filing bankruptcy”

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

When filing for bankruptcy you are not allowed to be selective in terms of the debts included. As well, the filing of a bankruptcy is designed to to deal with unsecured debts. The only way it can be used for secured debts is if you return the secured property to the lender prior to the filing of the bankruptcy.