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

2025-04-24

How to rebuild your credit after a Consumer Proposal

Tina Powell

Filing a Consumer Proposal can feel overwhelming, but it’s not the end of your financial journey.

Read More

2025-04-16

How sustainable living can help you save money and reduce food waste

Nora Edwards

Alternatives to Bankruptcy Bankruptcy

How can you reduce food waste? These strategies can help benefit both the environment and your bank account.

Read More

2025-04-16

What is the connection between mental health and debt?

Michelle Scheller

Alternatives to Bankruptcy Bankruptcy

How can you improve your mental and financial health? These four simple steps can help support your mental and financial well-being.

Read More

Consultation icon