A Person in Toronto Asks -Should I Go Bankrupt?

Posted in Advice from Richard, Bankruptcy, Consumer Proposals, Credit, Debt, Finances, Videos | Comments Off on A Person in Toronto Asks -Should I Go Bankrupt?

In this video, Richard Killen, a Licensed Insolvency Trustee in bankruptcy with offices across Toronto answers the question.
I don’t know how many times I have been asked by somebody during the course of the free consultation we provide to consumers at the beginning. What do you think, should I go bankrupt?

My answer is always the same for people. Its not up to me to tell you to go bankrupt.
Bankruptcy is a personal decision. What might work for one person, might not work for another person. Although what you can get from a trustee is a good idea of what is going to happen if you do a bankruptcy opposed to a consumer proposal.

So to answer the question, should I go bankrupt? My answer is you need to decide that.

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