Question from reader in Waterloo Region: Will I have to pay my parking fines if I file for bankruptcy? The real issue is credit card debt that is out of control, but I was wondering if the fines are also included.
Answer: Yes, you will have to pay the parking fines. The bankruptcy laws are set up so that certain types of debts do not go away by filing for bankruptcy protection.
Other common examples of debts that are not released are student loans less than 7 years old, alimony and child support.
If you have questions regarding your financial situation in Kitchener-Waterloo, feel free to call us at 310-PLAN or send us an e-mail. We will review all of the options, including consumer proposals and personal bankruptcy.
