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Ever felt the stress of unexpected financial setbacks? How to stop CRA garnishment is a question many Canadians face when dealing with debt issues and a RTP (Requirement To Pay) from the Government of Canada. Understanding the steps to halt this process can alleviate a significant amount of stress and help you regain control over […]

How Many Times Can You Do A Consumer Proposal

Ever felt like you’re stuck in a financial maze with no exit in sight? Debt can weigh you down, making every day feel like an uphill battle. But what if there’s a way to reset and start fresh? How many times can you do a consumer proposal? The straightforward answer is that you can file […]

Who Can Put a Lien on Your House in Canada?

Liens can significantly impact property ownership in Canada, often catching homeowners off guard. Understanding liens—what they are, the types that exist, and who can place them on your property—is crucial for any homeowner. This article unpacks the complexities of liens, explores potential lien holders, and discusses the consequences they can have on property sales. It […]

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debt after retirement

have 50000 dollars credit card debt am about to retire can only afford about 200 dollars a month what are my options

Posted from: Ontario

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One Response to “debt after retirement”

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

The filing of a bankruptcy os the only real option available given the level of cash flow you have identified. So you are best to contact a local trustee to review the details about what a bankruptcy is, how it will impact you and what you can expect to transpire.