There are a number of circumstances that determine when bankruptcy in Toronto is not the best solution. If your income is sufficient to manage your debt over a given period of time you may be able to renegotiate an arrangement with your creditors. Counseling may be helpful to determine if you can change anything in your financial situation that would allow you to come up with a solution. Alternatives to bankruptcy may involve an Informal or Consumer Proposal.
What factors determine if bankruptcy is the best solution for me?
More Questions Answered In Greater Detail
Who will know about my bankruptcy?
How does bankruptcy affect my wages?
Will it affect my spouse?
What happens with respect to my taxes?
If I go bankrupt, will I need a lawyer?
Will I ever be able to get credit again?
What is a Trustee?
Are student loans discharged in bankruptcy?
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