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Tom Johnson works for an automotive parts company. For the last few years he averaged 10 hours of overtime per week, and he used that extra money to pay his bills. His company has less work, and has cancelled all employee overtime. As a result, he is having a hard time paying his bills. What can he do?
What Can You Do?
On his now reduced income, Tom can't make all of the minimum payments on his credit cards. He has a few options. First, he could try to reduce his monthly expenses to free up cash to pay his credit cards. Second, he could file a consumer proposal, making a deal with his creditors to pay them over time. Finally, if all else fails, he could file for bankruptcy. To investigate your options, click here for more information.
Posted on Monday, June 26, 2006
posted by Questions @ 11:14 AM
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