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

"*" indicates required fields

Name*

Phone Number*

Email*

This field is hidden when viewing the form

What's the best time to contact you?*

Location*

What city do you live in?*

Total Unsecured Debt*

*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.

This field is hidden when viewing the form

Source

How can we help you?

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.

Agreement*

I understand that Bankruptcy-Canada.ca does not provide debt relief services directly and agree to securely share this information with a local Licensed Insolvency Trustee (LIT) for a free, confidential consultation.

Phone

This field is for validation purposes and should be left unchanged.

Select Trustee By Province

do you have to be in collections

Hello,I have been paying my debts for years tried not to get behind leaving pay check to pay check going without everything,I don`t seem to be getting anywhere the bank won`t help the credit cards and the loan have very high interest rates. I went to see about orderly payment of debt and they said I`m paying out more than i taken in . They suggested to talk to a trustee. I guess my queston is do you have to be in collections before going bankrupt?

Posted from: Nova Scotia

Share this post:

X (Twitter) Facebook LinkedIn Email

One Response to “do you have to be in collections”

A licensed trustee said...

No you do not. In fact, a large percentage of people that file consumer proposals are current with their payments when they file. It is more likely that you’ll be in collections already if you are thinking about bankruptcy, but that’s simply becuase most people will try everything else before they file.

If an Orderly Payment of Debts won’t work for you then the next step is to speak to a trustee – use the links on this site to find one in your area and good luck sorting things out.