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Need to file bankruptcy, help with details!

  • Kenneth01
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2 years 7 months ago - 2 years 7 months ago #1057 by Kenneth01
Kenneth01 created the topic: Need to file bankruptcy, help with details!
Hi,

Let me know the details of bankruptcy. I am in such a situation, I couldn’t handle the debts in any other way. But, I am still not able to make the final decision as I have no idea on the formalities related to it.

And I have noticed some cons of bankruptcy in my search. They are:
1. Lose of all credit cards.
2. Will have to explain to a judge or trustee how got into a financial mess.
3. Bankruptcy will make it nearly impossible to get a mortgage if don't already have one.

So, I would like to know if there are any eligibility criteria for getting approved for a bankruptcy. And in case, if we need to take a mortgage in the future, do we have an option?

I have seen some Etobicoke bankruptcy companies , but I fear whether I would get into another trouble if go for bankruptcy. So, please let me know the details you know. Awaiting reply. Thanks in advance!
Last Edit: 2 years 7 months ago by Kenneth01.

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