When should I consider bankruptcy?

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petermil

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When should I consider bankruptcy?
« on: January 05, 2016, 12:11:48 AM »
Iím in a serious confusion that what is the ideal time to consider going bankruptcy? I have a friend who is struggling with debt and is searching for solutions. Even though he is paying enough still the balances are going up. He consulted one bankruptcy solutions provider in Toronto called Kevin Thatcher & Associates and they do suggest to consider bankruptcy. 

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SillySally

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Re: When should I consider bankruptcy?
« Reply #1 on: January 05, 2016, 06:14:39 PM »
In my province, if you made less than $2062/month for at least 1 year, you may qualify for a 9 month accelerated dismissal. But do your research. From what I'm seeing, they're basically encouraging people to quit working and lay low. Seems counterintuitive but what do I know. I'm in a bad place and have no choice but to bk.

 

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