Consumer and Debt Problems

From Clicklaw Wikibooks

Here are the first steps and some useful resources for people in BC facing consumer or debt-related

problems such as:

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Bankruptcy costs money. The simplest will cost you about $1,800. This may seem ironic if you can’t pay the debts you already have! However, many trustees in bankruptcy offer a free initial consultation and will negotiate a payment plan you can afford. There are some debts, such as support payments, court fines and some student loans, that won’t go away after a bankruptcy.
Creative Commons Attribution-NonCommercial-ShareAlike 2.5 Canada Licence Legal Help for British Columbians © Cliff Thorstenson and Courthouse Libraries BC is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 2.5 Canada Licence.

A sum of money or an obligation owed by one person to another. A "debtor" is a person responsible for paying a debt; a "creditor" is the person to whom the debt is owed.

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