I need advice

Discussion in 'Credit Talk' started by Jammieben, Jul 29, 2020.

  1. Jammieben

    Jammieben New Member

    Hey Guys,

    I'm terrible at making money decisions. So I need some financial advice.
    I was an idiot with using my credit cards, and I have a $22k of credit card debt. My business has failed. Life has become so difficult, especially during this pandemic. It's been really an emotional rollercoaster for my family and me, and it's getting worse for us. There is none another way than filing for bankruptcy. I'm planning to consult a bankruptcy trustee in Toronto. Has anyone has experience with a bankruptcy trustee? How much would be their monthly fee? I came to know that the bankruptcy details will remain in our credit report for 7 to 10 years. If so, Is it possible for me to open credit card accounts or get approved for loans after bankruptcy, especially for business needs? Should I get a credit card before filing for it? How can I build back my credit score after I go bankrupt? Please help me by sharing your experience and do advise me on this matter.

    Thanks
     

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