Help I Owe 8000 Is Bankruptcy A Good Idea

2010-10-19

Generally, if you owe $5,000 or less, I would recommend that you not do a bankruptcy.  There are usually other solutions that would be better choices for you.  Would bankruptcy be the right solution for $8,000 in debt?  It depends on your income and ability to pay.  If you want to provide some more information about your income and who the creditors are, I can give you some advice as to what makes sense. Judy Scott Trustee Meyers Norris Penny Port Moody - Burnaby - Maple Ridge, BC [email protected] 604-949-2113

Latest Blog Posts

2025-08-04

How to Deal with Unexpected Medical Expenses

Nicole Polak

Since it’s impossible to predict or prevent most medical conditions or emergencies, the best way to handle them is by planning and preparing for them.

Read More

2025-08-01

How does filing for Bankruptcy affect your employment and salary?

If you are considering filing for Bankruptcy, it is important to understand the impact on your employment and salary. 

Read More

2025-08-01

Three effective strategies to help you manage financial stress

John Athanasiou

Lifestyle Debt

Household debt ratios continue to break records across the country. And as more and more people are working to service that debt, many are unable to set aside savings for unexpected expenses.

Read More

Consultation icon