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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.

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I am considering bankruptcy…do you have any suggestions?

I have been separated for 8 months and have moved out of the family home with our children the day we separated. For that eight months I have been the one paying the mortgage, house insurance and taxes amoungst other things. As i said I am not even living in the home. I have a fairly new vehicle that is in my name I need to have a vehicle to get to work and the kids to school. I cannot continue to pay all of these things for the house and raise my children somewhere else. I am considering bankruptcy as every month I am going deeper and deeper in dept. I don’t want the family home and at this point i don’t even think he is living in it, it sits empty. Do you have any suggestions for someone in my situation?

Posted from: Ontario

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One Response to “I am considering bankruptcy…do you have any suggestions?”

Jillian Taylor-Mancusi, Trustee | B.A. | C.I.R.P said...

You should be contacting a family law lawyer to discuss marital property. Spousal support, child support, and the division of marital assets are only three of the areas that you should get clarification.