Personal Bankruptcy Forum

Author:   John
Date:   October 2, 2000
Question:  

As a resident of Ontario with a good job and heavy child support costs, I have approximately $40K in debt and no reasonable means by which to repay it. A lot of this debt is from my marriage and my ex-wife held visitation and access over my head so I was compelled to assume the debts rather than put that at risk.

I am considering personal bankruptcy and would like to understand costs and process. What is not included? What is the impact?

 


From:
 

Shane Brenneis, Collins Barrow Limited
Date:   October 4, 2000
Answer:   As your situation is fairly complicated and Ontario has its own property exemptions, I would suggest you call a local Trustee (look in the Yellow pages under Bankruptcy) to obtain a free assessment of your complete financial situation.

Shane Brenneis
phone: (403) 298-1575
sbrenneis@moneyhelp.ca




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