June 21st, 2010 by Questions

Bought a franchise which, with penalties and interest, has now left me owing $400k and counting. This is about $50k more than what I can get for the business. Still owe $60k on a guaranteed loan. Is bankruptcy an option?

Posted from: Ontario


One Response to “GST PST DEBT”

, A licensed trustee said:

It is, but you really need to speak directly to a professional about your situation. You may have other options to consider as well…. don’t assume you should just file bankruptcy and be done becuase that isn’t always the case.

Use the links to find a trustee in your area and give them a call.

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