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22 years old.

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    #1

    22 years old.

    I'm from Canada so things are a little different here but was wondering if I should go bankrupt or not.

    2005, I had a FISCO score of 780. I was involved in a work related accident and haven't been able to pay my bills.
    I owe:

    $3500 Visa
    $1400 Dell
    $10,158 Car Payment
    $4000 Student Loan
    $500 Cell phone bill

    I only receive $600 every month untill Compensation decides to send me back to school.

    My rent is $220 plus I need to buy my own food.
    Tags: None
    #2
    Oh and my other question is this. I bought a car with a high interest loan and switched banks and did a consolidation loan. I haven't paid for my car since Jan 2006. They send me a letter saying accout closed.

    Will they reprosesse my car or can they not touch it??

    Comment

      #3
      To be honest with you, I don't know if any of us can help you... Have you tried finding a canadian bankruptcy forum?

      Comment

        #4
        I'm not familiar with Canadian BK laws...but again that's not much debt. Have you considered selling the car?
        The information provided is not, and should not be considered legal advice. All information provided is only informational and should be verified by a law practioner whenever possible. When confronted with legal issues contact an experienced attorney in your state who specializes in the area of law most directly called into question by your particular situation.

        Comment

          #5
          Sorry to hear about your financial troubles, codia. Here are some online Canadian bankruptcy resources that I hope will be helpful for you:
          Bankruptcies Canada: Consumer Proposal, Bankruptcy & Debt Help
          http://www.bankruptcycanada.com/
          Bankruptcy Canada: Filing Bankruptcies in Canada & Alternative Debt Relief Programs, Such as a Consumer Proposal & Debt Consolidation

          Bankruptcy Canada: Get Help with Bankruptcy in Canada
          http://www.bankruptcy-canada.ca/
          Bankruptcy Canada is your one-stop resource for getting help with bankruptcy and accessing the bankruptcy info you need to get out of debt.

          http://canadaonline.about.com/cs/bankruptcy/index.htm

          http://osb-bsf.ic.gc.ca/


          Apologies that we don't know much about Canadian bankruptcy laws here. Good luck - hope you find answers to your financial issues very soon.
          I am not a lawyer and this is not legal advice nor a statement of the law - only a lawyer can provide those.

          06/01/06 - Filed Ch 13
          06/28/06 - 341 Meeting
          07/18/06 - Confirmation Hearing - not confirmed, 3 objections
          10/05/06 - Hearing to resolve 2 trustee objections
          01/24/07 - Judge dismisses mortgage company objection
          09/27/07 - Confirmed at last!
          06/10/11 - Trustee confirms all payments made
          08/10/11 - DISCHARGED !
          10/02/11 - CASE CLOSED
          Countdown: 60 months paid, 0 months to go

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