Can I file bankruptcy over a $6240 unsecured loan? I have been paying interest only for 5 years ending this month Sept.30 2017.
Next month, I cannot pay anymore. I have no money or income at all and savings finished.
I’m out of Canada and I cannot go back because I cannot even afford to buy a ticket.
What should I do?
Thank you for your help
I believe you are judgement proof, which means you don’t have to file bankruptcy in order to have protection from your creditors.
Please refer to the following article for more information:
Earl Sands, LIT