BONNIE ASKED: I am getting out of an abusive relationship. I don't have money to pay any of the collection notices I have gotten. What should I do?
This is a very honest question and we're grateful that someone asked it so that we could put their mind at ease. Your creditors cannot put you in jail for owing money.
Myth: If you file a consumer proposal your creditors will continue collection action.Fact: When you file a consumer proposal all creditor collection action is stopped immediately.
Once you file for bankruptcy, all creditor action stops.
People in debt have something in common - a sense of being overwhelmed - not just by debt but by how complicated they feel resolution may be.
In most cases making a consumer proposal or filing personal bankruptcy will have no impact on your current or future employment. However, as an employee, there are a few things to consider before deciding which option is best for you.