I am separated and single and I have been working like crazy to try and pay off my debt but I do not think it is possible.
I owe:
14,000 in credit card debt
3,000 on another credit card
6,500 in line of credit
4,000 to revenue Canada
4,000 furniture credit card
With my credit card I will have to pay 25% interest and therefore end up paying 25,000 by the time I am done.
I have a car and I currently owe 11,300 on it however I have co-signer that I do not want to get into trouble with all of this. I want to sell the car and pay off the debt and then file for bankruptcy.
how much approximately will all this cost me to file and will I have to pay anything once it is done?
Thanks
Answer: The cost of bankruptcy depends on a number of factors, including your monthly family income, the size of your family, what you pay in child support, and what assets you own.
We suggest you contact a bankruptcy trustee for a free initial consultation; with the above information they will be able to give you an accurate estimate of the cost of bankruptcy in your specific situation. Once you are discharged from bankruptcy, you will have no further bankruptcy payments.
Labels: bankruptcy Ontario, cost of bankruptcy




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