Bankruptcy Question & Answer Forum - Canada

Author:		Leanne
Date:		May 12, 2005
Question:		I have lots of debt and collection agencies are after me. Nothing really major, things like past bills, bank overdrafts, and the big one is I owe sfi (social services) $1300. I am never going to be able to repay this so I should apply for bankrupcy right or I will never have good credit again and someday I would like to have a credit card.
From:		Ann Clarke, Alger & Associates Inc.
Date:		May 12, 2005
Answer:		Bankruptcy may be an option if you are unable to pay your debts as well as your ongoing living expenses. I'd suggest you meet with a Trustee to discuss your situation and options. Ann Clarke phone: (403) 296-2972 aclarke@alger.ca