June 26th, 2012 by Questions

does going bankrupt effect u differently depending on the bankrucpy amount? Example. $50, 000 or $300,000. different amounts same punishment?

Posted from: Ontario


One Response to “steph”

, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

In most cases the amount of your debt doesn’t influence the way your bankruptcy will proceed. The only time the level of your debts has a significant impact is if you owe greater than $200,000 for personal income taxes. Otherwise the size of your debt normally doesn’t influence much.

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