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.

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

Select Trustee By Province

credit card debts

I am 40,000 in debt and pay 1000 a month on my debt. I have 200 left to live on. I am a senior and cannot live like this anymore. Can you help me. I have been to banks to consolidate but they have refused.

Posted from: Alberta

Share this post:

X (Twitter) Facebook Pinterest LinkedIn Email

One Response to “credit card debts”

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

I would recommend you contact a local trustee for a consultation. The trustee will review a number options, including:

Orderly Payment of Debt – a program much like a consolidation loan that pays debts in full but is designed for those who can’t qualify.

Consumer Proposals – a court sanctioned way to negotiate a settlement on your debt and make payments on it over time.

Bankruptcy – the quickest and cheapest way to clear your debt, but the one with the greatest impact on credit.

Arguable, when you are a senior I typically recommend bankruptcy as in your stage of life credit is less important than any other and all the other options cost more simply to protect a bit of that credit rating. But you may find you are more comfortable with the other options. That is whay you should review them with a local trustee so that you will understand what options exist an can make an informed decision.