Is Bankruptcy An Option For Me

2009-08-04

I'm very sorry to hear about your loss.  I'm sure it's been a stressful situation and adding these credit cards on top of that is likely not helping. Bankruptcy would be an option to consider if you owe more than $1,000, you are unable to pay your bills as they come due, and none of the other options work for you.  The other options out there range from trying to consolidate your creditors into one payment, any ideas we can think of to rework your budget, any family help, to restructuring your debt and perhaps writing off part of it.  I would recommend that you talk to one of our Counsellors or Trustees in your area so that we can get a few more specifics about your situation.  IE:  how much do you owe your creditors, what kind of assets do you own, what does a regular month's budget look like. Contact me directly, or take a look on our website for our people in your region.  You can click on Contact in the navigation and it will take you directly to this page on our website. Donna Carson, CGA, CIRP, Trustee [email protected]    1.877.500.0792

Latest Blog Posts

2025-09-04

Will Bankruptcy Erase All Of My Debt?

Mary Plahouras Rob Shier

Bankruptcy

The intention of Canadian bankruptcy law is to provide honest and overextended debtors the opportunity for a financial fresh start.

Read More

2025-09-02

How to budget when you’re living paycheque to paycheque

Caryl Newbery-Mitchell

Lifestyle Debt Debt Solutions

You already know the many benefits of skilled money management. The fact you’re reading this blog post says at least that much. Your challenge, like for most households, is how to navigate the seemingly infinite demands on your frustratingly finite income.

Read More

2025-09-02

MNP’s Atlantic Canadian guide to affordable fun

Lifestyle Debt

Have fun on a budget with our guide to affordable activities in Atlantic Canada.

Read More

Consultation icon