Bankruptcy Canada's Logo

Your Debt Concerns Are Valid

We're Here to Listen

Book a Free Consultation

Connect With a Licensed Debt Expert For Friendly Help Without Judgement

Credit Cards

Unpaid Credit Card Debt: What Are the Consequences?

by

Credit Card Debt & Legal Remedies When high monthly credit card balances become unmanageable, ignoring collection calls can seem like an easy temporary fix. However, leaving high-interest revolving credit unresolved triggers severe long-term consequences under Canadian law. If you are struggling with unpaid credit card bills, a critical concern is: “What legal actions can credit … Read more

Planning on Maxing Your Credit Cards Before Filing Bankruptcy? Why You Should Avoid It

by

Fraud Prevention & Bankruptcy Law Facing overwhelming financial stress can lead to difficult choices, but attempting to exploit credit limits before seeking debt relief is a critical mistake. A common temptation for individuals nearing insolvency is: “Can I max out my credit cards right before filing for bankruptcy?” Under Canadian insolvency law, running up credit … Read more