If you’ve found yourself with a bad credit score, you may be concerned with how you got to this point and how to recover. There are several factors that could have resulted in your bad credit score. Let’s take a look at those factors.
Every business is unique with its own issues and complexities. Therefore it's hard for me to give advice on bankruptcy without knowing your specific situation. We recommend that you review your situation with one of our licensed insolvency trustees.
The answer is simple, more debt than you can pay is too much debt.
If you are considering filing for bankruptcy as a way to help manage or reduce your debt load, you need to know that declaring bankruptcy is nothing to be ashamed of.