Slammed by debt and rising interest rates? Add your Qs to ask an expert

Logan Bayliss says he once walked into a room and found his then-girlfriend sobbing on the phone with a collections agent.

She had roughly $10,000 in debt on her credit cardand there was absolutely no way she could pay it off.So he took the phone, and in a flat business tone told the creditors they could either settle for $2,000 today and stop calling for several monthsor they would seek creditor protection.

The creditors took the deal.

Bayliss is a Calgary resident who works in community health. Hethinks of that moment often as interest rates surge andlikely more people are findingthemselves hopelessly under water.

He's sharingthe story now as CBC Calgary launchesa public call for debt questions because at that point, his girlfriend was only getting advice from theagents on the phone.They made her feel like she was personally worthless if she couldn't pay.

"It's like it's a moral thing, like [people in debt]are bad people," said Bayliss.

He sees many people get introuble when they take on debt and then fall ill. Hecontacted CBC Calgary through our text messaging communityto ask for thispublic Q & A. He says people need access to independent advice to deal with untenable debt without feeling so guilty,the way a business would do it.

"People's situations change. And what was previously agreed to is no longer relevant," he said. "But what do you do when you're in that absolutely untenable situation?"

"Giving people that information will change lives. Because the misery this causes is astronomical."

With that preamble, do you want to help?

Add your question below

These are unprecedented times for some families. The Bank of Canada raised its interest rate six times this year and the increased cost of living is constricting peoples' budgets.

So we're opening the door to anyone who may bestruggling but may be too afraid, ashamed, or unsure of how to ask for advice. Send us a note below.

We're thinking questions like what are the consequences for declaring bankruptcy and are there ways to mitigate the damage? Or how do credit proposals,orderly payments of debts and the other instruments work?

We're lining up experts and will record the interview to share it publicly. If you have a situation that you or someone you know isfacing, please share a few details and ask your question in the form below. Your story might help someone else.

Include your contact information if you'd like us to share the link with you when we publish. We'll get to as many questions as possible.