consumer Proposal

Thu, 02 Jul 2009 03:45:46 +0000

Soooo worried that after I file a proposal that my mortgage company can call in my loan!!! never missed a payment! Posted from: Nova Scotia

would other banks with low rates turn me down

Wed, 01 Jul 2009 12:38:29 +0000

I had a bankruptcy in 2004 it was Discharged in 2005 and I settled all my outstanding balances, I recently went to my bank for a home equity line for 20k and was denied but I have 70k in equity, why would they turn me down, now I applied at home trust whom [...]

change from proposal to bankruptcy

Wed, 01 Jul 2009 12:36:37 +0000

can you change it to a bankruptcy after youve been in proposal for a year? Posted from: Ontario

Property Taxes

Tue, 30 Jun 2009 21:20:19 +0000

If one is has no equity in their house but wants to keep the home. Can the outstanding property taxes on the property be discharged under bankruptcy? Posted from: Ontario

consumer proposal question

Tue, 30 Jun 2009 18:22:58 +0000

If you are behind on a mortgage payment could you loss your house in a consumer proposal? Also is cra included in a proposal? Posted from: Ontario

home equity and proposals

Tue, 30 Jun 2009 14:22:58 +0000

If I file a division 1 proposal can I keep my house. I have equity of about $30,000. Would I have to buy this back? Posted from: Ontario

CCTB Calculation

Mon, 29 Jun 2009 23:27:35 +0000

To calculate our child tax benefit, the CRA needed both mine and my husband`s tax returns. He filed for bankruptcy in 2007. Will they use his income on his pre- or post-bankruptcy return to calculate our child tax benefit payments? Posted from: Ontario

Debt owed to a University but not a student loan…

Mon, 29 Jun 2009 21:31:03 +0000

Recently I requested a transcript from a university that I attended last in 1996-1997. The response was that I have an outstanding account that must be settled before any transcript will be sent out. What should I do…I am not in a position to assume a large debt and would think that it would [...]

Immigration

Mon, 29 Jun 2009 18:50:32 +0000

Would consumer proposal afect sponsorhip application. If person is sponsoring spouse to Canada, is consumer proposal a bad idea? Thank you Posted from: Ontario

Assets did not equal 50 cents on the dollar

Mon, 29 Jun 2009 01:31:05 +0000

I have been opposed discharge becouse of ( Assets did not equal 50 cents on the dollar) Can someone explain this, please Posted from: Ontario

Consumer proposal

Sun, 28 Jun 2009 22:09:28 +0000

Can I change my mind once I`ve filed a consumer proposal? Posted from: Ontario

proposal over $75,000

Sun, 28 Jun 2009 17:53:09 +0000

I have debt totalling 116,00.00. I am having trouble meeting monthly payments. Can I apply for a consumer proposal or do I have to claim bankruptcy. Posted from: Ontario

Personal Bankruptcy

Sat, 27 Jun 2009 18:31:13 +0000

My wife and I own a limited business which is financially sound but our personal finances are in bad shape. We have not missed any payments yet but it is very tight. If we chose personal bankruptcy would it affect our business. Posted from: Nova Scotia

Suspended discharge conditions

Sat, 27 Jun 2009 17:40:45 +0000

I was in court for a discharge hearing (2nd bankruptcy) in December 2008. On June 19, 2009 I finally received a copy of the court order: `discharge suspended six (6) months CONCURRENT with the condition that the bankrupt makes payment of $11,630 to the Trustee`. The covering letter from the Trustee`s office states that I [...]

Bankruptcy Extension

Sat, 27 Jun 2009 11:42:50 +0000

I filed for bankruptcy Nov 2008, attended the required credit counsilling classes a, paid monthly surplus income overages, etc and now my trustee informs me that they are going to extend my first time bankruptcy for another 4 months becuase of my surplus income throughout the process. My question is how many times can the [...]

Terminal Illness

Sat, 27 Jun 2009 10:32:58 +0000

Can someone file for bankruptcy if they are terminally ill? Also, if the person only lives for 6 months after filing, what happens? Would the spouse or estate be responsible? Posted from: New Brunswick

Bankruptcy and Disability

Sat, 27 Jun 2009 10:13:13 +0000

I`m in the 3rd month of bankruptcy and am receiving EI. I just got approved for CPP Disability Fast Track and didn`t realise that the Disability payment will be backdated from the first time I relapsed. Would I lose all the disability that was owed to me from the past till now? Posted from: British Columbia

Have you ever declared bankruptcy

Fri, 26 Jun 2009 19:28:53 +0000

It will be 6 years from my bankruptcy discharge next year - I will confirm with Equifax that the bankruptcy information has been removed from my bureau after the anniversary of the discharge date. (and yes I will likely celebrate the occasion) Once the bankruptcy has been removed from my bureau, if asked on an application [...]

seasonal employment

Fri, 26 Jun 2009 05:48:38 +0000

I am in bankruptcy ast of fall 2008 . I make very little income during winter months so I have paid little or no surplus payments. During the summer months , my income is higher and save it to live throughout the lean months . However , if I make surplus income payments based [...]

Collection agency harrassment

Fri, 26 Jun 2009 02:28:36 +0000

We have a trustee … we have filed bankruptcy …. collection agency will not stop calling … Statement of Affairs has been issued …trustee says do not answer the phone … calls will not stop …what do we do to gain some peace ? Posted from: Alberta

After One Year Going to Court

Thu, 25 Jun 2009 21:26:30 +0000

Due to my gambling issues . I finished several gambling counseling My Trustee opposed discharge Because my gambling losses My trustee told me that i will need lawyer !Why do I need a lawyer ? Please someone can explain .What s happen in court? Thx Posted from: Ontario

My ex declared bankruptcy will they come after me now

Thu, 25 Jun 2009 21:05:11 +0000

I just found out my ex declared bankruptcy, now i`m assuming the bank will come after me about the house we jointly own. i do not live there & cannot make the payments. do i have to declare bankruptcy now too? The bank does not have my forwarding info, what if i just ignore it [...]

Bankruptcy

Thu, 25 Jun 2009 17:13:11 +0000

My huband and I both lost our jobs and have had a very hard time paying all of our bills on EI…the other day we got served papers to go to court and I am wondering if it too late to file for bankruptcy? Would a proposal help? I am so worried about [...]

no assets

Thu, 25 Jun 2009 16:34:46 +0000

If I declare bankruptcy but have no assets to sell, other than my laptop and clothes, etc, what will happen? I have over $27,000 in unsecured debt and recently got married. My husband has a truck, vehicle trailor and a jeep that he aquired before we got married and is all in his name. Will [...]

creditor opposition

Thu, 25 Jun 2009 15:32:54 +0000

I am approaching an automatic discharge from my first bankruptcy and I have a letter intending creditor opposition. I have completed all my requirements (councilling, statements, surplus payments etc). What is the process for opposing a discharge? Is it possible to come up with a reasonable sum % to pay back? I was informed [...]

forgotten credit card and bankruptcy

Thu, 25 Jun 2009 04:50:19 +0000

i declared bankruptcy and i missed one credit card. what`s going to happen to that credit? Posted from: Ontario

sposes inheritance and bankruptcy

Thu, 25 Jun 2009 04:48:49 +0000

i declared bankruptcy 3 months ago and my spouse will receive an inheritance soon from a family. how this inheritance will affect my bankruptcy? will he be required to pay because of this? Posted from: Ontario

Corporate Bankruptcy and The Agency

Thu, 25 Jun 2009 03:51:26 +0000

If my corporation has 300k owing in back taxes to Revenue Canada will bankruptcy erase this debt? Posted from: British Columbia

Other options?

Thu, 25 Jun 2009 01:28:41 +0000

I have about $15,000 in credit card debt and nothing to show for it. I stopped making payments as it was futile. It has been five years since I have been in contact with the debt holders. Is there an amount of time that passes that my debt becomes written off. Like [...]

I am confused

Wed, 24 Jun 2009 18:51:20 +0000

while in banruptcy I lost my job. After having lost my job I started receiving umemployment. Upon the exhaustion of the recall rights from my job, the company then paid me severance, termination pay, and any vacation they owed me. This then created an over payment from unemployment. How does that [...]

Deferred Payment Plan items

Wed, 24 Jun 2009 15:29:03 +0000

Around 4 or 5 months ago we purchased a mattress on a deferred payment plan, as well, about 8 or 9 months ago we bought appliances. I don`t believe that we have made any real payments towards it, but… we have no other mattress to sleep on, and we may need to keep [...]

Securities registration and bankruptcy

Wed, 24 Jun 2009 01:53:26 +0000

I currently work in the securities industry and have been told that my license will be revoked if I claim bankruptcy. Is this the case? Posted from: Alberta

my wedding rings?

Wed, 24 Jun 2009 01:42:12 +0000

I have no assets to sell and am considering bankruptsy. Our truck and stuff is all in my husbands name. Would they make me sell my wedding rings to help pay-off my debt? Posted from: Manitoba

mortgage/loans at same bank

Wed, 24 Jun 2009 00:09:11 +0000

If I declare bankruptcy and I have loans and credit cards at the same bank I have my mortgages at - can that bank do anything to my mortgages since my loans and credit cards will be included in the bankruptcy but the mortgages wont? Posted from: Alberta

Is financing still possible?

Tue, 23 Jun 2009 22:58:35 +0000

I have another year left in my consumer proposal. I have a tiny savings and am up to date in proposal payments. Is there any rule while under CP that states I cannot apply for a short term loan? Would that be a violation? Posted from: Prince Edward Island

Mortgage after proposal

Mon, 22 Jun 2009 18:08:44 +0000

Due to my divorce I had to take on a consumer proposal in April `05. I was able to pay it off in May `08, 2 years sooner than I was given. My new husband and I want to refinance the mortgage on the house we share to have some badly needed renos [...]

marital home/legal separation

Mon, 22 Jun 2009 16:54:33 +0000

My husband and I separated and have a legal separation document. In the document it states that I have rights/title of marital home and responsibility to mortgage. If he now gets a consumer proposal or goes bankrupt can my home be affected? The deed is still in both our names but the document states he [...]

pension

Mon, 22 Jun 2009 16:23:58 +0000

I recieve a City of Wpg pension. Are there any special rules covering seizure of pension if I were to declare bankruptcy Posted from: Manitoba

i am still making car payment on my loan can they take my car

Mon, 22 Jun 2009 12:27:24 +0000

I am thinking of going bankrupt i have over $5,000 in debt but i am still making car payment on my loan can they take my car Posted from: Ontario

Co-Sign

Mon, 22 Jun 2009 06:33:47 +0000

I co-signed for a loan for a family member who is now declaring bankruptcy. I was working when I did this but I no longer work. My spouse is working and all our acounts are in both our names but I have no income at all. Can my spouse be made to pay this even [...]

Joint debt

Mon, 22 Jun 2009 06:26:11 +0000

Hello My husband and I are now separated. We owe approx $50000 in debt on visa and line of credit joint. His father is a millionaire and has provided me and my husband with support for 2 years with wages from his businesses since my husband has cancer and I was a [...]

bancrupcy

Mon, 22 Jun 2009 00:22:48 +0000

I want to take my name off the morgage as my partner is very nervous to lose the house which is mostly his…can i do this and then claim bancrupcy? Posted from: Alberta

Home Equity Calculation

Sat, 20 Jun 2009 22:56:47 +0000

Are real estate agent commissions, lawyer fees and mortgage penalties considered when calculating one`s `equity` in a home during a bankruptcy filing? Once these costs are subtracting the remaining balance from the home sale is approx. $5000.00 with an unsecured debt of $40,000.00. Would this amount be considered enough to warrant a forced sale? Thanks [...]

Mental illness and declaring bankruptcy

Fri, 19 Jun 2009 17:29:59 +0000

My spouse was recently diagnosed with a mental illness . He had been running up massive debt (over 100,000 dollars) for the past year which he had been hiding from me. He was arrested last month after bizarre behaviour in his workplace and committed for observation to a psychiatric facility where he still is forcibly [...]

payments to a trustee

Thu, 18 Jun 2009 17:04:29 +0000

What happens if my husband and I declare bankrupcy, we paid the trustee all the fees at the beginning. However, what happens if we do not keep up with the payments of the monthly fees to the trustee Posted from: Quebec

retro pay owed and filing for bankruptcy

Thu, 18 Jun 2009 16:03:19 +0000

I am filing for bankruptcy next month and have just found out we are possibly getting a pay raise and will be owed retro pay for approx 2 years which will equal 3-4 thousand. My question is becuase this money should have been paid to me before what will happen to it? It [...]

Co-Sign

Thu, 18 Jun 2009 06:33:31 +0000

How long can you be held to a co-signed loan if the bank and borrower make changes to the loan after 7 years or so without your consent because the borrower has never repaid it. Now after appx 11 years I find out my name is still on this loan and the changes were made [...]

Reimbursement

Thu, 18 Jun 2009 02:14:52 +0000

Do I need to report reimbursement for prescription glasses I got from Extended Health Insurance? Posted from: British Columbia

Owing parents and friends money and filing for bankruptcy

Wed, 17 Jun 2009 16:30:53 +0000

Due to a divorce I had to borrow money from my parents. I am now selling my house and have to pay them back, when filing for bankruptcy will I have to give that money to my debts before I pay my parents back?? Posted from: Ontario

How does this work

Wed, 17 Jun 2009 15:54:16 +0000

When I got my credit card I only wanted a $1000 - $2000 limit. When it came in the mail…the amount was $9000. Do I have any rights considering I did not want this credit limit….and personally I don`t know how I got so much. I racked up the credit card, my ex-husband wasn`t paying [...]

consumer proposal

Tue, 16 Jun 2009 21:50:38 +0000

I filed consumerproposal 2 years ago and it annuled, I was paying 180.00 amounth. Judge ordered for the new proposal and now I have the same creditors, but one of them did not accept this time and asked for 33% or $550.00 amounth!!The trustee called me for creditors meeting. I would like to know is [...]

What to do next????

Tue, 16 Jun 2009 19:37:36 +0000

I have just filed for a consumer proposal last week and yesterday unexpectedly was giving two weeks notice from my job. What will happen next? I have some RRsps left but it has dwindle down because I`ve have to use them to live because my employment has not been steady in the past 7 [...]

Mr K.

Tue, 16 Jun 2009 17:09:15 +0000

Hi.I am about to file for bankruptcy and I don`t have any valuable assets ,but I have a lots of books ,dvds and VHR tapes that I have been collecting for a long time.I was wondering ,could I lose them or could they take them if I file for bankruptcy?I am on social assistance and [...]

what is an approx normal waiting time for discharge

Tue, 16 Jun 2009 16:00:41 +0000

i have a question,i went bankrupt for the 3rd time in 2006.initially i was told i would be discharged in about 18 mths,its now over 3 yrs and nothing.is this a normal time frame?pls advise,thanks roz Posted from: Ontario

going to the court

Tue, 16 Jun 2009 15:03:44 +0000

my trustee is sending me to the court do i have to go or i can send my wife i missed some payments and did not go second counselling. Posted from: Alberta

stop calling

Tue, 16 Jun 2009 13:59:49 +0000

When do the creditors stop calling/ sending letters. Posted from: Ontario

Doing the right thing

Tue, 16 Jun 2009 13:27:11 +0000

First off thanks for offering such a great web site on this sensitive topic. I`m facing financial difficulties and running a now running a monthly deficit. I own a house (little equity) and lease a car with no late bill payments yet! I`ve contacted my real estate agent and thinking of selling the house (would [...]

loosing dentisrty license

Tue, 16 Jun 2009 02:27:46 +0000

I just got licensed as a dentist .My question is if i go bankrupt would it harm my dental license in any way? Posted from: Ontario

credit

Tue, 16 Jun 2009 00:25:20 +0000

My wife is considering bankruptcy for her self and small sole prprietor business and was she not comfortable with the first trustee she spoke with. We met with another during which we felt pressured and rushed and subsequently did not proceed. We were then told that from that point on if we continued to [...]

Personel Loan After Bankruptcy

Mon, 15 Jun 2009 20:43:42 +0000

I was discharged in Oct 2003. I have a wedding to go to but the ticket is more than I can afford in one payment, I can afford monthly payments but no one will give a loan. I have a new truck I bought in 2008 never missed a payment. Can you explain to me [...]

supplementary card

Mon, 15 Jun 2009 18:02:01 +0000

I am a supplementary card holder on my wife`s BMO Mastercard. She has filed for bankruptcy. I have used the card, but this card has never shown up on my credit report and now BMO says my name is on the account and I am liable for the debt. What does the law say about [...]

Failed Consumer Proposal

Mon, 15 Jun 2009 16:47:16 +0000

What are my options after my consumer proposal was annulled due to 3 months behind in payments. Could not afford the payments. Unfortunately I have been bankrupt twice before and do not want to go through that again. Posted from: Ontario

New loan

Mon, 15 Jun 2009 16:38:00 +0000

I got a loan from a bank to pay off my debts about 5-6 months ago with a $500 a month payment. I lost my job and currently on EI and unable to pay that loan , can I file for bankruptcy? Posted from: Ontario

selling assets

Mon, 15 Jun 2009 13:08:26 +0000

What happens if you sell something too keep you afloat even thought you still have an outstanding loan for the item. Also what if you sell something of ignifigant value for the same reason. It the person you sold it too protected for their purchase? Posted from: New Brunswick

Opposition to discharge by creditors

Mon, 15 Jun 2009 12:20:59 +0000

I filed almost 9 months ago bankruptcy and now creditors opposition my discharge and there s going to be discharge hearing Could you please explain if i go court bymyself it s ok? I can not hire lawyer? Posted from: Ontario

loss of personal assests

Sun, 14 Jun 2009 18:41:00 +0000

i am self employed, but have incurred huge dept against personal assests such as my house and cabin along with a very large credit card dept. the cabin is jointly owned with another family member. the cabin is coming up for mortgage renewal and im afraid with my current financial position the bank [...]

Discharged

Sat, 13 Jun 2009 22:02:59 +0000

I just wanted to say to everyone going through the bankruptcy process to hang in and do lots of reading of this site as it really helps! I found I felt really bad when I finally decided to see a trustee but it was the only answer I could see after many years of carrying [...]

Job termination

Sat, 13 Jun 2009 19:56:57 +0000

Can I be fired for filing bankruptcy? I know when I started this job they did a credit check and I passed. Posted from: British Columbia

Consumer Proposal Limit

Fri, 12 Jun 2009 19:26:55 +0000

I understand the limit may be raised to $250k from $75k - any idea when this would happen? Posted from: Ontario

Division 1 Proposal

Fri, 12 Jun 2009 19:26:09 +0000

As I understand it I would have to go the route of a Division 1 as I have a $150k in unsecured debt, with a decent income $120k per year, but I need to avoid bankruptcy at all costs (due to employment restrictions). I understand that if my Division 1 proposal [...]

What will happen to the 1st business and our house

Fri, 12 Jun 2009 18:07:22 +0000

My husband and I are self employed, we opened another business that is legally a partnership and the 1st business is legally his sole prop. The 2nd business has not done well and we are sure we will have to file bankruptcy. What will happen to the 1st business and our house? Posted from: [...]

suing primary borrower to avoid bankruptcy

Fri, 12 Jun 2009 13:51:35 +0000

I cosigned a loan which for which the primary is now in default. I have been demanded to pay the debt. With other debts, this would put me into bankruptcy or at least a consumer proposal. Can I sue the primary borrower for the outstanding, and give it to the lender? [...]

Surplus Income & Length of bankruptcy

Thu, 11 Jun 2009 23:47:25 +0000

I am self employed, and am wondering if my surplus income rises due to a new contract, will aid in clearing me sooner than later? Posted from: British Columbia

co-signer on bank account?

Thu, 11 Jun 2009 21:42:01 +0000

My son filed for bankruptcy, which included a little over 1000.00 in overdraft on his bank account. Years after he opened this account, I got a bank card, on his acct as he moved to the U.S. & I needed access to his acct to pay bills, for him, here in ontario. The bank know [...]

Buying a business before discharge

Thu, 11 Jun 2009 18:58:17 +0000

My wife filed for bankruptcy in the fall of 2007. She is still not discharged. She is in the process of buying the small business she works for, making monthly payments to the current owner. Should she be concerened about taking over this business before being discharged. She didn`t borrow the [...]

CRA debt

Thu, 11 Jun 2009 12:42:46 +0000

The house is in my spouses name (for one year) I owe Gst 40K. pst 60K. etd 20K . I Paid them the priciple that I owed now they want the penalties and interest. I am unable to pay. The buisiness I owned had to close (automotive related) Assuming CRA gets a judgment against me [...]

liens on property

Thu, 11 Jun 2009 05:18:55 +0000

Do unsecured creditors, credit cards, put liens on real estate after a specific time fame of non-payment by the debtor, or is this creditor strategy used during the bankruptcy procedure? Or, are liens against owner occupied and/or rental real estate `erased` by the bankruptcy process? Posted from: Ontario

location during the 9 month period

Wed, 10 Jun 2009 18:50:52 +0000

Do you have to remain in your province or even in canada during the 9 month bankruptcy process before you get discharged? I dont mean being away completely for the whole 9 months but if you had to be away for 4-5 months out of canada, is that ok? Posted from: Ontario

Bankruptcy question

Wed, 10 Jun 2009 18:15:27 +0000

I am considering going into bankruptcy, but at the same time I am expecting to be funded by Employment canada to enter into a retraining course, im unsure if it is possible to recieve govt funding for training and going into bankruptcy at the same time? Is this allowed? Posted from: Ontario

After proposal/credit repair

Wed, 10 Jun 2009 17:20:57 +0000

How long after a consumer proposal is satisfied can creditors make derogatory remarks on my credit report Posted from: Ontario

house

Wed, 10 Jun 2009 02:24:04 +0000

Hi I want to know if I will lose my house if we are still capable of paying for it. My visa is with the same bank that holds my morgage. I also have a van 2005 which we are paying off and still owe $15000 and was wondering if I will lose that? [...]

Consumer Propsal

Mon, 08 Jun 2009 21:30:00 +0000

I have already done a consumer propsal, and it is not working for me. and will take longer to rebuild my credit. Since i already filed a propsal am i still able to go bankrupt? Posted from: Ontario

Don`t know which way to go.

Mon, 08 Jun 2009 19:06:02 +0000

I own a house in Northern Ontario which we owe more than we can get if we sell. We owe $78000 but at best could get $45000 unless the local economy turns around and that does not look likely at all. What is the best way to deal with this? Posted from: Ontario

After the fact

Mon, 08 Jun 2009 17:59:39 +0000

I have been cleared from my bankruptcy for 2 years now. I recently checked my credit report and it now shows a claim from CMHC for the amount of a mortgage that was included in the bankruptcy. Originally the mortgage was included under the bank which I had the mortgage with. But now it`s showing [...]

collection agencies calls

Mon, 08 Jun 2009 13:22:27 +0000

How many times a day, and how many days per week are are they allowed to call my house? I get up to about 8 calls per day nearly every 2 hours and its every day during the week. Are they allowed to do this to me. Posted from: Newfoundland and Labrador

Bankruptcy court

Mon, 08 Jun 2009 12:11:07 +0000

I filed bankruptcy 8 months ago It was ok till now and my trustee inform me i have to go court soon I am wondering whats waiting for me in court @Are they want to explain everthing again in court? Posted from: Ontario

Back Taxes After Discharge

Sun, 07 Jun 2009 21:58:34 +0000

I was discharged from bankruptcy and my post-bankruptcy refund has been sent to my trustee. I have emailed them about this, as I was told that once I`m discharged, I will receive this refund. I have several years pre-bankruptcy that I did not file. They would all be refunds. Would I [...]

Living Costs During Bankruptcy

Sat, 06 Jun 2009 18:41:49 +0000

I am a restaurant owner. My business just filed bankruptcy, and I am now unemployed. Personal guarantees will be called in forcing me into personal bankruptcy. I have some savings, but very little prospect of employment during the banruptcy period. Will the trustee allow a reserve of savings [...]

Timing: Buying a house and consumer proposal

Sat, 06 Jun 2009 15:32:24 +0000

I am thinking of filing a consumer proposal, but I am unsure of the timing. I will be moving to the U.S. for school this fall, and a family member offered to loan me money for a downpayment on a cheap house there, which I will pay back when I sell the house down [...]

meaning of words

Sat, 06 Jun 2009 07:01:40 +0000

What does this sentence mean IT IS ORDERED that the application for the discharge of the bankrupt be and is hereby adjouned generally. Posted from: British Columbia

Credit Card Purchase before bankruptcy

Sat, 06 Jun 2009 00:46:01 +0000

I`m struggling with bringing in enough income to pay my monthly obligations and have been relying on my line of credit. I have a full-time job and a small home based business. Clearly I need to bring in more revenue to avoid bankruptcy in the months to come. I am considering purchasing a new laptop [...]

Consumer Proposal when on Strike

Fri, 05 Jun 2009 20:41:16 +0000

I have roughly $35,000 in unsecured debt ( Credit card, Line of credit, Credit loan) and A $140,000 mortgage and a Car Loan (car loan is almost paid off, $1800 remaining).I have not worked in 9 weeks and counting due to a labour dispute with my employer. So basically I have no income other than [...]

our home

Fri, 05 Jun 2009 18:42:48 +0000

Is there any way to make sure one does not lose their home in a bankruptcy? (No equity) The reason I’m asking is because we don’t want to lose our home, neither my husband or myself is really capable of moving and we have no one to help us, besides that we have our whole lives [...]

Occupations

Fri, 05 Jun 2009 18:17:04 +0000

Will I be able to be employed in the insurance field if I file for bankruptcy Posted from: Alberta

Impact of bankruptcy on credit rating overseas

Fri, 05 Jun 2009 15:27:10 +0000

Hi, My family and I relocated to Canada a few years ago for a change of lifestyle… and a better life. The irony is that we have basically spent what money we had on relocating and establishing our new lives, and have been unsuccessful in generating the income levels we previously had. We have $70,000 equity [...]

childcare

Fri, 05 Jun 2009 00:59:04 +0000

My wife and I are working full time and are making about 5000 a month. In order for us both to work we must pay for childcare for our two children. This costs us 42 dollars/day for the youngest and 35/day for the other totalling about 1714 per month. How much of that is exempt [...]

Can my ltd company file for corporation bankruptcy without me filing for personal bankrupt?

Thu, 04 Jun 2009 21:22:02 +0000

I own a limited company with $32,000 owing to CRA. Can my ltd company file for corporation bankruptcy without me filing for personal bankrupt? Will it affect my personal financial situation? Posted from: Ontario

my secured loan

Thu, 04 Jun 2009 20:23:34 +0000

i bought a car in 2006 through a bank for a 6 year term. 2 years later i secured a loan through a citi financial using my car for collateral. what will happen if i claim bankruptcy? who will take my car or can i keep it if i cliam bankrupt? Posted [...]

Consumer Proposal

Thu, 04 Jun 2009 12:45:37 +0000

My father recently passed away and I`ve received a modest inheritance of $6000 to be used for school and to help my mother if she needs it. If I file a consumer proposal will I need to forfeit it the same way I would if I filed a bankruptcy? Also if there is a chance [...]

Bankruptcy

Thu, 04 Jun 2009 03:37:16 +0000

If I receive $12000 in severance pay in July and file for bankruptcy in Sept will it be considered surplus income?, and will I be required to pay some of it into the bankruptcy? Posted from: Nova Scotia