| Author: |
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Ingrid |
| Date: |
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November 12 , 2001 |
| Question: |
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My daughter has been approached by her credit card's finacial
department and they said that they would be garnishing her wages if she didn't come up with $1600.00 or they would take her to litigation. If she claimed bankruptcy would she be better off?
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From: |
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Ann Clarke, Collins Barrow Limited |
| Date: |
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November 14, 2001 |
| Answer: |
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Bankruptcy would stop a creditor from suing and garnishing your
daughter's wages. If she only owes $1,600, however, she may want to
contact Credit Counselling Services of Alberta at 1-800-294-0076 about
the Orderly Payment of Debt program. That would allow her an opportunity
to pay off the full debt over 4 years without being harassed by
creditors.
Ann Clarke
phone: (403) 296-2972
aclarke@moneyhelp.ca
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