Question: I have been bankrupt before,10yrs ago, recently tried credit consolidation twice. Make good money, husband on Wcb, both of us are lousy with money,but the mortgage is payed and truck payment, we are 32,000 in debt. Now what? How do we get ahead when we are always behind in everything else, hydro, enbridge, credit debt. I really need someone to help me figure out the juggling. Each week we are broke and borrow from pay day loan. I am at my wits end and I am sure that some of the creditors will now be looking at garnishees.
Answer: The only long term solution, obviously, is to reduce your expenses to the point where your expenses are less than your income. If you currently have debt, and have a good income, and if you want to avoid a second bankruptcy, and if credit counselling was not successful, the next logical option to consider would be a consumer proposal.
You will need to write down everything you spend money on each month, and then contact a trustee for more information.