[{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/rkillen.ca\/what-is-the-minimum-debt-required-to-declare-bankruptcy-in-scarborough-ontario\/#BlogPosting","mainEntityOfPage":"https:\/\/rkillen.ca\/what-is-the-minimum-debt-required-to-declare-bankruptcy-in-scarborough-ontario\/","headline":"What is the minimum debt required to Declare Bankruptcy in Scarborough Ontario?","name":"What is the minimum debt required to Declare Bankruptcy in Scarborough Ontario?","description":"What Is The Minimum Debt Required Before You Can Declare Bankruptcy In Scarborough Ontario?Watch this video on YouTube In this video, Richard Killen, a Licensed Insolvency Trustee in bankruptcy in\u00a0Scarborough Ontario talks about the minimum requirements for personal bankruptcy in Ontario. I often am asked by people in Scarborough, what is the minimum debt before […]","datePublished":"2018-06-27","dateModified":"2023-04-28","author":{"@type":"Person","@id":"https:\/\/rkillen.ca\/author\/adminrkillen\/#Person","name":"R. Killen","url":"https:\/\/rkillen.ca\/author\/adminrkillen\/","identifier":1,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/291a08cd2df156bf4f7bceb09e15cda94bbf15ef7e70c7db3a538bde0c4a0230?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/291a08cd2df156bf4f7bceb09e15cda94bbf15ef7e70c7db3a538bde0c4a0230?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Richard Killen and Associates","logo":{"@type":"ImageObject","@id":"https:\/\/rkillen.ca\/wp-content\/uploads\/2016\/08\/landscape-logo-12345-for-web.png","url":"https:\/\/rkillen.ca\/wp-content\/uploads\/2016\/08\/landscape-logo-12345-for-web.png","width":600,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/rkillen.ca\/wp-content\/uploads\/2018\/06\/what-is-the-minimum-debt-require.jpg","url":"https:\/\/rkillen.ca\/wp-content\/uploads\/2018\/06\/what-is-the-minimum-debt-require.jpg","height":720,"width":1280},"url":"https:\/\/rkillen.ca\/what-is-the-minimum-debt-required-to-declare-bankruptcy-in-scarborough-ontario\/","video":{"@context":"http:\/\/schema.org\/","@type":"VideoObject","@id":"https:\/\/www.youtube.com\/watch?v=wGXepMm4dFY#VideoObject","contentUrl":"https:\/\/www.youtube.com\/watch?v=wGXepMm4dFY","name":"What Is The Minimum Debt Required Before You Can Declare Bankruptcy In Scarborough Ontario?","description":"https:\/\/rkillen.ca\/personal-bankruptcy-toronto-a-fresh-financial-start\/, Richard Killen, a Scarborough Ontario  Licensed Insolvency Trustee talks about the minimum requirements for personal bankruptcy in Ontario.\n\nI often get asked by people in Scarborough, what is the minimum debt before I can declare bankruptcy?  Legally, whether it is in Scarborough or anywhere else in Ontario, the minimum you must owe is $1000. There are other qualifications, but as far as the actual amount it is only one thousand dollars. A lot of people think that do not owe that much and perhaps believe that a trustee cannot help them. This is not true. As long as the amount you owe is greater than the minimum, you qualify to use the bankruptcy act.  \n\nIf you are having debt problems and considering bankruptcy or a consumer proposal, I invite you to talk to one of our licensed insolvency trustees. This will ensure you have all the information to make an educated decision on your debt relief solution.\n\nWe can meet with you during business hours or book after hours appointments if that is more convenient for you.\n\nContact us for a fresh start (416) 285-9511\nThis may be the most stress relieving call you will ever make!\n\nFollow us on Social Media: \nhttps:\/\/www.instagram.com\/killen_trustee\/\nhttps:\/\/twitter.com\/Killen_Trustee\nhttps:\/\/www.facebook.com\/rkillenassociates\nhttps:\/\/www.linkedin.com\/company\/richard-killen-&-associates\/\nhttps:\/\/www.linkedin.com\/in\/richard-killen-020aaaba\/\n\nRichard Killen and Associates have 10 locations across the Greater Toronto Area.\n\nOur main office is at\n\nRichard Killen & Associates Ltd\n2130 Lawrence Ave E #Suite 402, Scarborough, ON M1R 3A6\nTel: (416) 285-9511\nhttps:\/\/rkillen.ca","thumbnailUrl":["https:\/\/i.ytimg.com\/vi\/wGXepMm4dFY\/default.jpg","https:\/\/i.ytimg.com\/vi\/wGXepMm4dFY\/mqdefault.jpg","https:\/\/i.ytimg.com\/vi\/wGXepMm4dFY\/hqdefault.jpg","https:\/\/i.ytimg.com\/vi\/wGXepMm4dFY\/sddefault.jpg","https:\/\/i.ytimg.com\/vi\/wGXepMm4dFY\/maxresdefault.jpg"],"uploadDate":"2018-06-26T23:08:28+00:00","duration":"PT53S","embedUrl":"https:\/\/www.youtube.com\/embed\/wGXepMm4dFY","publisher":{"@type":"Organization","@id":"https:\/\/www.youtube.com\/channel\/UCVqfGDwXy-OK5RHKZGkaMUw#Organization","url":"https:\/\/www.youtube.com\/channel\/UCVqfGDwXy-OK5RHKZGkaMUw","name":"Richard Killen & Associates Ltd","description":"Since 1992 we at Richard Killen & Associates have helped thousands of people resolve their financial problems. With over 22 years experience in this industry, our president, Richard Killen, and the rest of our team understand the difficulties that honest people can sometimes find themselves in. This expertise makes it possible to provide you with a service that effectively deals with the issues.\n\nThe strength of our company is exemplified by the manner in which we treat our customers. We understand the intense pressure people are under. You will feel better after having spoken with our staff and your sense of dignity will be restored. The relief most people feel is tangible.","logo":{"url":"https:\/\/yt3.ggpht.com\/ytc\/AIdro_nK1yzM56nIFCGmWO7scxw1pLTW2Z8LVLH_kg8kdbbfw5M=s800-c-k-c0x00ffffff-no-rj","width":800,"height":800,"@type":"ImageObject","@id":"https:\/\/www.youtube.com\/watch?v=wGXepMm4dFY#VideoObject_publisher_logo_ImageObject"}},"potentialAction":{"@type":"SeekToAction","@id":"https:\/\/www.youtube.com\/watch?v=wGXepMm4dFY#VideoObject_potentialAction","target":"https:\/\/www.youtube.com\/watch?v=wGXepMm4dFY&t={seek_to_second_number}","startOffset-input":"required name=seek_to_second_number"},"interactionStatistic":[[{"@type":"InteractionCounter","@id":"https:\/\/www.youtube.com\/watch?v=wGXepMm4dFY#VideoObject_interactionStatistic_WatchAction","interactionType":{"@type":"WatchAction"},"userInteractionCount":92}]]},"about":["Advice from Richard","Bankruptcy","Debt","Videos"],"wordCount":164,"articleBody":"What Is The Minimum Debt Required Before You Can Declare Bankruptcy In Scarborough Ontario?Watch this video on YouTubeIn this video, Richard Killen, a Licensed Insolvency Trustee in bankruptcy in\u00a0Scarborough Ontario talks about the minimum requirements for personal bankruptcy in Ontario.I often am asked by people in Scarborough, what is the minimum debt before I can declare bankruptcy in Ontario? Many people feel that if they do not owe that much, perhaps its too low to get a trustee involved.Legally, whether it is in Scarborough or anywhere else in Ontario, the minimum you must owe is $1000. Of course there are other qualifications as well. However as far as the actual amount it is only one thousand dollars. Therefore, as long as the amount you owe is greater than the minimum, you qualify to use the bankruptcy act.We welcome any questions you may have on bankruptcy, debt counselling or consumer proposals in Ontario.Contact us for a fresh start (416) 285-9511"},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"What is the minimum debt required to Declare Bankruptcy in Scarborough Ontario?","item":"https:\/\/rkillen.ca\/what-is-the-minimum-debt-required-to-declare-bankruptcy-in-scarborough-ontario\/#breadcrumbitem"}]}]