Hello,I’m in serious problems financially with now over 100K in debt and no job income. I”m merely juggling advances from one credit card to pay off another and trying to sell some assets to pay them down but the 19.5% interest is killing me. My question is, can I file bankruptcy in Ontario with no job ?
Today 02/11/2012
Bankruptcy Ontario: Call 310-PLAN to speak with one of our experts
Yes, you can go bankrupt even if you have no income.
However, if you have no income non of your creditors can garnishee your wages (since you have none) so in many cases it is easier to simply wait until you are working again to go bankrupt.
I suggest you contact a bankruptcy trustee for a free consultation to help you determine whether or not bankruptcy is the correct option for you at this time.