Personal Bankruptcy Canada Blog

Martin

Fri, 06 Nov 2009 07:52:58 +0000

Can a sibling give over to their other siblings their share of jointly owned (inherited) family property in order to file for personal bankruptcy? (Failure to file would likely result in forcing the siblings to lose the family property in order for the one to liquidate their assets, as it is their only real [...]

Bancruptcy

Fri, 06 Nov 2009 03:27:35 +0000

If my husband is thinking of Consumer Proposal and I had a secondary card for one of his Visa accounts (now the card is closed), will I still be responsible for full balance on the card? And in this case do I also have to go for Consumer proposal? Thank you! Posted from: Ontario

rrsp

Thu, 05 Nov 2009 23:56:47 +0000

will my rrsp be seized if i declare bankruptcy Posted from: Ontario

Consumer Proposal

Thu, 05 Nov 2009 22:00:32 +0000

I have 50000 in credit Cards debt. I am married living with my wife and two children. How much income I need to file a consumer proposal, and what will be the minimum pament per month.. Regards,, Posted from: Ontario

Discharge

Thu, 05 Nov 2009 20:14:16 +0000

If you have done consumer proposal and that has gone into defult due to miss payment and you declare bankcrupt what is the length of time it takes to discharge? Posted from: Ontario

employment

Thu, 05 Nov 2009 17:44:15 +0000

I am trying to get into the armed forces and I may have to claim bankruptcy after I am in. Do they have the right to fire me? Posted from: Ontario

Shared Bank Account

Thu, 05 Nov 2009 15:59:32 +0000

I have a Shared account with my common law boyfriend will this affect that account??? will he need his paycheck to be deposited into a new account?? Posted from: Nova Scotia

ex helping with child costs

Thu, 05 Nov 2009 13:29:54 +0000

My ex and I made a verbal agreement that he would help pay for some of the kids costs after we separated. He will send me money to help pay for daycare and sports etc. usually monthly when it`s needed. Do I need to claim that when filing? He just transfers money to my bank [...]

Resposibility of the bankrupt

Thu, 05 Nov 2009 11:56:53 +0000

What are the bankrupts` responsibility (meetings, contact calls, etc)? Can I continue to operate my sole proprietor business during bankruptcy? What about after bankruptcy? Inconsistent income leaving me up to 90 days without income (if I`m allowed to continue running my business), how does this affect the bankruptcy? Posted from: Ontario

new bankruptcy legislation

Thu, 05 Nov 2009 03:12:09 +0000

I filed for bankruptcy on Sept 2/09. My trustee has told me that I am subject to the new bankruptcy laws (Sept 18/09), but I am reading conflicting info about this… is my bankruptcy governed by the old or new laws? Thanks. Posted from: Manitoba

Kelly

Thu, 05 Nov 2009 01:34:34 +0000

I lost my job and had no income for a few months that took an over extended credit situation towards the critical point. I now live and work in Saskatchewan, all debt is in my name. I fully support a disabled husband (he has no income) and two children at a second residence in [...]

my home and car???

Wed, 04 Nov 2009 23:56:05 +0000

my husband and i had some money troubles and most likely will have to file for bankruptcy, i need to know if i will loose my car, that i need to get to work our my home, i am a bit behind on my morgage payment but they will be caught up soon Posted from: Nova [...]

Life Interest Property and Bankruptcy

Wed, 04 Nov 2009 23:27:04 +0000

I have a primary residences but I also have my name on deed for a farm that was willed to myself. My uncle has life interest on this property and is living on the property. If I was to file for bankruptcy would the deed of the farm I own come into play [...]

Living in seperate households after filing bankruptcy

Wed, 04 Nov 2009 19:20:11 +0000

My current spouse and I own some assets and have all unsecured debts together. we will be seperating soon, how will over bankruptcy costs work. There may be a suplus of income if we considered combined incomes, but definitely not when we are living apart. …so how will this reflect on our discharge time and [...]

Home owner

Wed, 04 Nov 2009 17:57:19 +0000

I just took my name off the title of a house, how long until I can claim bankruptcy or will that info even become known when the bankruptcy process begins? Posted from: Ontario

Elena

Wed, 04 Nov 2009 16:08:22 +0000

If I get married after filing for bankruptcy, can I still sponsor my fiance If i married him? Posted from: Ontario

Being bondable and bankruptcy

Wed, 04 Nov 2009 15:57:10 +0000

If employer asks whether you are bondable and one had filled bankruptcy what the answer should be? Posted from: Alberta

rrsp use

Wed, 04 Nov 2009 14:41:02 +0000

Now RRSP`s are safe but any restrictions on using/cashing in after bankruptcy? Posted from: British Columbia

If my employer will be nocited after I file a bankruptcy?

Wed, 04 Nov 2009 06:23:09 +0000

I have some credit card debts and I believe I will probably default. Since I am a financial advisor, I am worried that I may lose my job because of bankruptcy. I wonder if my employer will be noticed after the bankruptcy is filed. Thanks Posted from: Alberta

receiving income

Wed, 04 Nov 2009 05:19:27 +0000

I went bankrupt for $25000 of credit card debt, I am expecting possibly 5-10 thousand dollars in inheritance, what happens to that money? Posted from: Quebec

Law Suit Pending & Bankruptcy

Wed, 04 Nov 2009 03:35:03 +0000

We have been involved in a law suit for the past several years. Our trial date is not for another six months. I am confident that we will win or receive an offer to settle. If I file for personal bankruptcy before this is resolved, how does this affect my lawsuit? [...]

very bad credit

Wed, 04 Nov 2009 02:36:25 +0000

I found out that my credit score is very bad, but I have no balance on my card now. How do I repair my credit so it won`t hinder any of my application(mortgage). How long does it take before you are back in the good books? Posted from: Ontario

Bankruptcy and unsecure credit card

Wed, 04 Nov 2009 00:09:51 +0000

We will be discharged from bankruptcy April 2010. Are we allowed to apply for an unsecure credit card now and have it just in case of an emergency? We can’t afford a secure credit card. Thank you for this site, its great and helpful Mary Posted from: New Brunswick

House question

Tue, 03 Nov 2009 15:14:57 +0000

I am separated and reside in Quebec. I declared bankruptcy one year ago. I have a house in Ontario co-owned by my ex-wife. The house is mortgage free. The house is for sale and the trustee has it listed along with my ex-wife (to protect her interests). The real estate situation is terrible where the [...]

bondable after consumer proposal

Tue, 03 Nov 2009 14:22:33 +0000

hi, can someone be bonded after filing a consumer proposal? if not how long before you are bondable? Posted from: Ontario

resp

Tue, 03 Nov 2009 05:10:51 +0000

what will happen to RESP that i invested for my kids? Posted from: Ontario

Wondering

Tue, 03 Nov 2009 03:15:43 +0000

I am in so much debt and can not afford to pay anymore. Do I have to be months behind in payments or can i declar bankrupt before I fall behind.. I have been using credit cards for bills etc. and they are all maxed out now. Posted from: Ontario

Inheritance during bankruptcy

Tue, 03 Nov 2009 02:38:37 +0000

My father has died during my bankruptcy, and has left everything to me in his will. What happens to all his possessions? Do they sell everything of his and then pay off all the creditors? Do they go into his home and tak everything? He lived alone and I`m not sure what to do with [...]

Cost of withdrawing a proposal

Tue, 03 Nov 2009 02:22:39 +0000

Is there a cost involved if I withdraw my proposal? Posted from: Ontario

Harassment from Creditors

Mon, 02 Nov 2009 23:03:33 +0000

I submitted a consumer proposal two weeks ago. In that proposal I surrendered my vehicle to the secured creditor. I recieved a call today from the secured creditor to not only arrange pick up of the vechile but they also threatened that they were going to start collection proceedings for the difference between [...]

Do I have to give up being a director in a non-profit?

Mon, 02 Nov 2009 18:16:06 +0000

With a job loss and some mounting credit card debt I am considering whether I may have to declare personal bankruptcy. I understand if I do declare bankruptcy I cannot be a director of a company. I am on the board of directors of a community-based not-for-profit group. Would I have to resign from this board? Thanks. [...]

consumer proposal

Mon, 02 Nov 2009 18:15:42 +0000

If a CP is rejected by the creditors, can I file another CP right away that offers them more money? If so, does my old CP become null and void? What happens to the documents? Does it stay on my file with the Official Reciever? And then, they have two copies, my [...]

Revenue Canada while I`m a student

Sun, 01 Nov 2009 22:42:25 +0000

Hi! I`m a 30 y/o student. Some years ago, I was a self-employed drywaller and decided to go back to school to further my education. Because I was self-employed, I didn`t pay taxes off my payroll and they had to be paid at the end of the year. The first year I went back to [...]

Need answers about a vehicle and a consumer proposal.

Sun, 01 Nov 2009 11:41:42 +0000

I`m considering a consumer proposal. I`m approx $20,000 in debt with unsecured credit cards/bank loans. I also have a secured car loan with approximately $23,000 remaining to be paid over the next 5 years @ $500/month. I need my vehicle for work as I travel frequently. My vehicle is worth less than what is currently [...]

Paying mother rent

Sun, 01 Nov 2009 00:50:02 +0000

Hello. I live in the same house with my mother and I pay her rent $500. I buy my own groceries. Would her income have to be included in my surplus income calculation? Thank you. Posted from: Ontario

retired and in debt

Fri, 30 Oct 2009 20:53:10 +0000

I am retired (my wife is unemployed) and my vehicle was repossed. In addition to a car loan, I have credit card debt, personal loans, and payday loans. In total I owe approx $50,000. My set net income is $1400, which just covers my basic living expenses. I have no assets to declare. How [...]

own property in another country

Fri, 30 Oct 2009 20:14:53 +0000

I have a follow-up question…if bankruptcy is declared in Canada, but you own property in another country and have Homestead protection on said real estate will only assets that can be liquidated in Canada (e.g., small business) be affected in order to benefit Canadian creditors? Thanks Posted from: Ontario

IF I SOLD PROPERTY A YEAR AND THREE MONTHS AGO WILL I HAVE TO ACCOUNT FOR MONIES SPENT

Fri, 30 Oct 2009 20:12:45 +0000

IF I SOLD PROPERTY A YEAR AND THREE MONTHS AGO WILL I HAVE TO ACCOUNT FOR MONIES SPENT Posted from: British Columbia

what documents are needed

Fri, 30 Oct 2009 20:11:37 +0000

If i make an appointment to talk to an agent, what documents are needed to start this process. I would like to be prepared ahead. Posted from: Ontario

Buying a car for my sister

Fri, 30 Oct 2009 18:08:12 +0000

Can I give my sister who` is in bankruptcy (14 months ago) a car that is worth $10,000.00 as a gift. Posted from: Alberta

reasonalbe payment for consumer proposal

Fri, 30 Oct 2009 17:52:12 +0000

Hello, I am just wondering what is considered a reasonable payment for a consumer proposal. I owe about 70000 in unsedured debts. if you can give me an estimate how much my payment would be for 5 years and 4 years proposal. thanks Posted from: Ontario

Establishing credit

Thu, 29 Oct 2009 23:23:13 +0000

Does it rebuild my credit if I get a new vehicle with a co-signer, or will this do nothing for my credit rating Posted from: Ontario

Difference between Credit Counselling Loan and Consumer Proposal

Thu, 29 Oct 2009 21:29:24 +0000

What is the difference between a credit Counseling loan and a consumer proposal? Are they both R7 on the credit bureau? Posted from: Ontario

Borrowing while under Consumer Proposal

Thu, 29 Oct 2009 20:43:37 +0000

Once your consumer proposal has been accepted and you are in repayment mode, can you go out and borrow money? Posted from: Ontario

Savings Bond & RRSP during bankruptcy

Thu, 29 Oct 2009 19:20:57 +0000

I filed for bankruptcy this month. I didn`t have any RRSPs or a Cdn Savings Bond. I now want to start contributing towards an RRSP to pay back the money I took out of RRSPs a few years ago as a first-time home buyer … can I do that? Also, I want [...]

Please help with Canadian law on seisure of home

Thu, 29 Oct 2009 19:05:07 +0000

My husband and i have been separated for 3 months, in our negotiations i received the home we lived in together, i have now found out he is filing for bankruptcy, business and personal. His name is no longer on title nor is he responsible for the mortgage payments. My question is this, can [...]

Debt in Alberta moving to BC

Thu, 29 Oct 2009 17:34:20 +0000

My debt is all from Alberta due i have to go bankrupt in Alberta or can I do it in BC. Thankyou Posted from: Alberta

Scotiabank letter

Thu, 29 Oct 2009 14:52:08 +0000

I declared bankruptcy last month, and my end of study date is May 31, 2002. I received a letter from Sciotiabank this morning stating that they have received notification of my bankruptcy. In the letter it states, `since June 18, 1998, student loan debts are not extinguished through participation in bankruptcy unless seven years have elapsed [...]

Mortgage

Thu, 29 Oct 2009 03:52:27 +0000

I am feeling very insecure about having to file or even consider a consumer proposal, we bought our first house 2 years ago the bank that holds our mortgage also holds the visa and 2 loans, should or would there be a problem renewing our mortgage, we have never ever missed a mortgage payment, please [...]

will my bankrupcy affect mt spouce?

Thu, 29 Oct 2009 03:00:11 +0000

I am currently living common law with my boyfriend. we have been living together for 7 monthes now. If I file for bankrupcy will it affect his credit? Posted from: Alberta

Inheritance After Discharge

Wed, 28 Oct 2009 20:26:37 +0000

I will be discharged from bankruptcy at the end of this week (uncontested, first time). I just got notice that I am entitled to a small inheritance but must fill out paperwork and wait for my brothers to do the same. I spoke with the (inheritance) lawyer, he thinks the earliest I would [...]

Home ownership

Wed, 28 Oct 2009 15:28:11 +0000

My husband and I are separated but he is still on title to the property. What happens to the house if he declares bankruptcy? Posted from: Ontario

separation and bankruptcy

Wed, 28 Oct 2009 13:07:42 +0000

i am not legally separated from my wife, but we are seperated, we don`t live together, but we are still friends, so we see each other from time to time. do i have to disclose her income since we are not legally seperated? Posted from: Ontario

Assets in another country

Wed, 28 Oct 2009 04:16:26 +0000

I just wanted to know if any assets I have in another country like a used car or any other assets are effected or could be claimed from Canada. Thank you. Worried and guilty about bankruptcy from Quebec Posted from: Quebec

Old Age Pension

Wed, 28 Oct 2009 03:46:54 +0000

Will I lose my Old Age Pension? Posted from: British Columbia

CRA and garnishment

Wed, 28 Oct 2009 03:20:29 +0000

Can the CRA garnish my income at source, or do they only have the right to garnish my bank accounts? Posted from: Ontario

in Super Debt

Tue, 27 Oct 2009 15:41:33 +0000

I recently found out form the government of canada(taxes), that I owe about 26,000 plus i already have credit cards and loans. I can not pay all of this it`s impossible. I f I have to file for bankruptcy I know that that will help me with most of these things, but what about this [...]

RRSP and Loan For

Tue, 27 Oct 2009 12:00:03 +0000

It would be advantageous to me for varied reasons to stop paying my credit card debt and let them get a judgement and go bankrupt after that. Any downside to this plan? I have no assets worth mentioning Posted from: New Brunswick

GST cheques

Mon, 26 Oct 2009 18:56:27 +0000

I filed for bankruptcy a little over 5 years ago. I was required to pay the trustee 10,000.00 - 160.00 per month - during this time all my GST refund cheques went to the trustee - now that the 10,000.00 is paid, I never received my last GST cheque - when I inquired with [...]

Bankruptcy

Mon, 26 Oct 2009 18:34:56 +0000

My husband owns a business with partners and they are going to go bankrupt. How does this affect my life at home? Will the government look at the debt as a 1/3 for us or are they going to try to get us for the entire amount owed? Will this affect our [...]

consumer proposal annulled

Mon, 26 Oct 2009 17:22:22 +0000

If a consumer proposal was annulled but the information submitted to the court was incorrect (identified months of missed payments), can the trustee return to court and withdraw the submission and and continue with the proposal. Posted from: Ontario

home

Mon, 26 Oct 2009 14:36:38 +0000

Will we lose our home if we file for bankruptcy Posted from: Ontario

If I don`t make my payments what will happen

Mon, 26 Oct 2009 13:12:44 +0000

I am already with a credit counselling program but recently got a lay-off from my job. If I don`t make my payments what will happen? Posted from: Newfoundland and Labrador

MANurisms

Mon, 26 Oct 2009 09:37:02 +0000

I am in the midst of a divorce and am finding it impossible to keep up to the payments I have agreed to. It is affecting my visitation with my son and I am finding it hard to repay all my debts and have enough for food. I need my vehicle to get to work [...]

Buying a Vehicle

Mon, 26 Oct 2009 05:10:24 +0000

I will be declaring bankruptcy in a month or so but I am planning to buy a car with a loan from a dealer. The car`s value is $8,000 and I will be making monthly payments towards the loan. Will I be allowed to own this car even though the value is more than the [...]

What is a `reasonable` Consumer Proposal expectation?

Mon, 26 Oct 2009 03:33:57 +0000

I have been doing a lot of research debating the cost of a consumer proposal. I would like to know if it is a reasonable expectation to propose to pay 15 to 20 cents on the dollar. My total unsecured debt is $113,000. I may be able to offer 15 to 20% of this as [...]

car lease

Mon, 26 Oct 2009 01:32:38 +0000

I filed for bankruptcy last October have since been discharged. When I filed, I had a car lease which I continued to pay each month but I never reaffirmed the lease , now the vehicle is due back and they say I owe 1200 dollars for a scratch on the bumper and some rust [...]

work for a bank

Mon, 26 Oct 2009 00:48:10 +0000

If I work for a bank can I file a consumer proposal? Posted from: Ontario

Joe

Sun, 25 Oct 2009 04:51:15 +0000

My car is valued at 16 000, and my remaining loan is 18 000. Is there anyway with a Proposal or Bankruptcy that I could keep my car. I am a single parent and require a reliable vehicle for work. I`ve not missed a car payment, it`s the other debt that is [...]

bankruptcy

Sun, 25 Oct 2009 00:54:11 +0000

I understand that I may initially pay a trustee fee at the onset of the bankruptcy. After completing the 21 months, it there another fee involved and, if so, how is it calculated. Posted from: Ontario

Renting my basement after bankruptcy

Sat, 24 Oct 2009 23:46:25 +0000

I claimed bankruptcy 2 weeks ago. My personal condition does not allow me to work. I am supported fully by my friends. I have a residential house, that has no net value. I want to rent the basement apartment out so that the support from my friends could be less. In which way am [...]

i owe close to 85,000 in total

Sat, 24 Oct 2009 02:23:16 +0000

I owe 6,000 to credit cards 2500 to a line of credit 7,000 to GST and close to 30,000 with my personal income tax and im stuck in a 3 year lease with a truck that i need for work which is 30,000. im still working full time with a major wage cut but [...]

what is the solution for this specific debt problem?

Sat, 24 Oct 2009 02:16:47 +0000

I am checking all the alternatives to bankruptcy, but I don`t see one that fits me. My big debt is about 8,500.00 on credit cards. I just file for EI for I suddenly lost my job, so I don`t have any money, any saving, no assets, no house, no car, not any income but the one [...]

bakruptcy status after relocating

Fri, 23 Oct 2009 01:47:24 +0000

if my husband and i file banruptcy in canada and we relocate to the US for a new start. What happens to our credit rating. Does it follow us into the US? Posted from: Ontario

do nothing

Fri, 23 Oct 2009 00:49:40 +0000

what happens if I just ignore my creditors and leave the country to start over somewhere else. Will it automatically put me into bankruptcy? Posted from: Ontario

too much debt

Fri, 23 Oct 2009 00:17:19 +0000

my husband and i have a mortgage in both our names. We also have a lot of debt. total of about $675,000. He is the only one working and we cannot make the payments. I want to file bankruptcy and start again. He doesn`t want to and says if there is a way I can [...]

what do I do??

Thu, 22 Oct 2009 23:54:28 +0000

Ok I know this sounds bad, but I`ve been in `hiding` for almost 10 years regarding a student loan. The only reason I didn`t pay it, was because at the time of the loan, I was a single mother on welfare; I wanted to be able to provide for my family, so I decided [...]

Canada/USA

Thu, 22 Oct 2009 19:16:00 +0000

Former Canadian resident now living in USA, debts are all Canadian. Can I file in Canada? Posted from: Alberta

Dire Straits

Thu, 22 Oct 2009 17:58:08 +0000

I have ballooning credit card debt due to employment difficulties during the past few years. I manage to make the minimum payments, largely from my credit line, but unless things change drastically I don`t see how I will ever be able to finance the interest myself, let alone pay down these debts. I keep about $1000 [...]

thinking of filing for Consumer proposal

Thu, 22 Oct 2009 14:26:15 +0000

I have about 50000 in insecure debt and thinking of filing for Consumer proposal. But I am confuse about my employment future…Dose it effect employment in public sector….and after how i will be able to get any cridit card. Posted from: Ontario

leased car

Thu, 22 Oct 2009 02:15:49 +0000

Will I loose my lease car if I file bankruptcy. I read the new law as of 09-09 will prevent this from happening in Canada Federal. But what about BC? Thank you. Posted from: British Columbia

Does a judgement continue to accrue interest?

Wed, 21 Oct 2009 21:14:44 +0000

Does a judgement continue to accrue interest? Posted from: Nova Scotia

how long before my debt is erased?

Wed, 21 Oct 2009 21:13:43 +0000

i have been living on disability pension now for 9 years.my debt when i became disabled was approx 60k . with interest and penalties it is now over 75k.i have4 no way of making payments on this debt. how long before it is erased? Posted from: Ontario

Can I apply for credit during bankruptcy?

Wed, 21 Oct 2009 21:07:58 +0000

Can I apply for credit during bankruptcy? Posted from: Ontario

3rd time bankruptcy

Wed, 21 Oct 2009 17:56:36 +0000

what happens if you go bankrupt 3 times how many years will it stay on your credit bureau before it is removed?? Posted from: Ontario

Consumer Proposal

Wed, 21 Oct 2009 16:58:01 +0000

I am going to have a licensed trustee file a consumer proposal. In order to do so, they said they need a$100 deposit from me and the same from my wife for registation. Is this legit and, if so, does it go towards my proposal or does the trustee just pocket this for their time. Posted [...]

refinance my mortgage

Wed, 21 Oct 2009 16:55:11 +0000

Is it possible to refinance my mortgage or get a second mortgage if i haven`t been discharged? Posted from: Ontario

Examination under Oath

Wed, 21 Oct 2009 01:33:48 +0000

I expect to be discharged in December. So far I have fulfilled all my duties and my trustee has applied for an absolute discharge sending a report to Superintendent Office. Today, I got a Notice of Examination before the Official Receiver, my question is what would be a reason for such examination? Posted from: Alberta

Personal Proposal

Wed, 21 Oct 2009 00:54:50 +0000

My business is not incorporated and therefore I am looking at all my business debt as personal. I want to continue to operate my business, so would entertain the idea of a Proposal. My debt is close to $200,000. #l Some creditors, I would like to leave off the list, as I am close to [...]

Bankruptcy or Consumer Proposal

Tue, 20 Oct 2009 21:25:38 +0000

I have some debts I need to be rid of. Which affects my credit rating worse, filing for bankruptcy or a consumer proposal? Thanks. Posted from: Ontario

Filing Online

Tue, 20 Oct 2009 17:08:46 +0000

Is there any way to file bankruptcy online? Posted from: Nova Scotia

need some help

Tue, 20 Oct 2009 15:59:57 +0000

I received my credit report from Equifax and have an outstanding debt. It has been 2 years so the statute of limitations sets in. My question is. How do I have it removed from my credit report. And what constitutes `acknowledgement of debt` ? Is there any way to fix this without starting the 2 years [...]

I owe, I owe

Tue, 20 Oct 2009 15:57:39 +0000

I currently am in about $70,000 debt. All as a result of a separation. My husband and I have reconcilled but the debt is still there. I was considering bankruptcy as I am self-employed but working very little. My issue is that my husbands income is fairly high and I am concerned that this will [...]

Will bankruptcy affect getting hired for new job at bank

Tue, 20 Oct 2009 15:46:24 +0000

I am applying for a job at a bank and will be licensed to sell stocks to customers. I declared bankruptcy 14 years ago and have had excellent credit since. If the bank does a credit check will they be able to see this bankruptcy and if so will it affect my ability to be [...]

fraud

Tue, 20 Oct 2009 15:04:04 +0000

My ex husband and I both filed bankrupt and we had a newer vehicle that my ex signed over to his fathers name and had his father pay off the loan before we filed. So now he is in possesion of this vehicle and is paying his father back instead of the bank. Was wondering [...]

consumer proposal annulled

Tue, 20 Oct 2009 01:08:24 +0000

After 3 yrs of a 4 yrs proposal, we missed 3 payments and the proposal was annulled. We received phone calls from creditors requesting full restitution with interest. Non of the creditors are secured. My home is mortgaged and payments are up to date. There is no possibility of meeting the requirements of the unsecured [...]

Questions re specific assets

Mon, 19 Oct 2009 20:32:42 +0000

Under bankruptcy, will I be required to hand over my kid`s RESPs? My personal RRSP is locked in? Will that be affected? Will I be able to keep my house and car? The car payments are up-to-date, but the mortgage has fallen in arrears by two payments. Posted from: Ontario

Q for my credit situation

Mon, 19 Oct 2009 15:37:06 +0000

I presently live in USA. May I still sign for consumer proposal, or file for bankruptcy? Posted from: Ontario

Foreclosure

Sun, 18 Oct 2009 22:46:40 +0000

I have been sued for foreclosure. I understand the shortfall will be insured and that CMHC will require the rest from me. I cannot afford to pay this amount. I do not have other significant debts and assets. I live alone and rent. I have a full time job. Legal advice has suggested that bankruptcy [...]

consumer proposal

Sun, 18 Oct 2009 21:04:23 +0000

i signed CP papers on Friday, it`s now sunday and I changed my mind. My trustee said he filed them. Can I make request to withdraw them? I feel like I need more time to consider my options, and acted hastily. if not, why is there no `cooling off period`. Posted from: [...]

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