Personal Bankruptcy Canada Blog

traveling

Tue, 07 Oct 2008 05:03:24 +0000

can i travel while i have filed for bankruptcy.can i travel to united states if i get a job and ive filed for bankruptcy in nova scotia .thanks Posted from: Nova Scotia

Bankruptcy

Tue, 07 Oct 2008 00:26:06 +0000

I`ve recently claimed bankruptcy and have two set of student loans, one for when I went to school in the late nineties and finished school in 2001 and the other when I returned to school in 2004 for a one year program. How will the government treat my loans? Will my [...]

Surplus income

Tue, 07 Oct 2008 00:19:57 +0000

If we have 4 people living in our home our threshold is $3303. If we don`t currently pay mortgage/rent will that fact change how our surplus income is calculated or is it based completely on the government threshold for a family of 4. I`m thinking that since we have more disposable income that [...]

using credit with 3 months

Mon, 06 Oct 2008 00:59:10 +0000

I know that under the bankruptcy act there is a clause that states my creditors could oppose my bankruptcy if I have used my credit cards within the three months prior to filing for bankruptcy. If that happens would an automatic discharge of the bankruptcy happen more often then not? I`ve never filed [...]

Bankruptcy before the new regulation

Sun, 05 Oct 2008 10:19:38 +0000

Hello, I got my degree Dec 2001 and May 2002 I have filled for bankruptcy. I was discharged 9 months later, but at the time, my student loan was not covered by this. In 2006, a collection agency was charged to collect the money I owe. Is it possible under the new legislation to include the student loan [...]

no work no money

Sat, 04 Oct 2008 04:04:13 +0000

My wife will probably never be able to work and has not worked enough to collect cpp benefits because of her illness and I have also become ill. My workplace does not want to pay my disability insurance and I had to go on EI during the appeal, but EI will end soon and [...]

monthly child tax credits

Sat, 04 Oct 2008 03:19:57 +0000

will I loose my monthly child tax credit for my child Posted from: Newfoundland and Labrador

How to find out who the trustee is?

Thu, 02 Oct 2008 20:07:28 +0000

I have been listed on a debtor but can not find the paper work to find out who the trustee is and I have questions for them. can you help? Posted from: Ontario

Money Transfer before bankruptcy

Thu, 02 Oct 2008 17:53:33 +0000

If I have a loan that was cosigned and I used a credit card to pay off that cosigned loan and then declared bankruptcy would that be considered fraud? Posted from: Quebec

Overdraft

Thu, 02 Oct 2008 17:44:05 +0000

Will an overdraft balance be covered in a bankruptcy? Posted from: British Columbia

Co signed loan

Thu, 02 Oct 2008 17:42:17 +0000

If a loan is co-signed and I file for bankruptcy will the loan need to be paid outright or will the monthly payment option be available to my co-signer? Posted from: British Columbia

co-singed loan -effect on credit?

Thu, 02 Oct 2008 16:05:44 +0000

My husband and I are in need of a new car. We are looking for something cheap. We have been pre-approved to finance at an attrocious interest rate (which we expected) and were told leasing is not an option. We could lease for much cheaper than we could finance but can`t get [...]

Is my student loan retro-active?

Thu, 02 Oct 2008 01:25:45 +0000

I filed bankruptcy in Sept 2007 and was discharged June 2008. It has been 7 years since I have been out of school as of June 2008. My question is can I get my student loan included in that bankruptcy? Posted from: New Brunswick

what are the options

Wed, 01 Oct 2008 16:57:40 +0000

My father in-law has a mortgage. He has a huge credit card balance of fifty thousand dollars. But is unable to pull the home equity out with out a cosigner. He has asked me and my husband, but we really do not want to take on that burden. What are his options Posted from: British Columbia

Declaring bankruptcy for business

Wed, 01 Oct 2008 04:39:45 +0000

I own a business for just over 10 years but is not profitable. My income tax records show a loss each year. I am trying to sell the business but since it is a loss each year, no one is interested in buying it. I had to remortgage my house to buy [...]

Would creditors sue me personally for recovery

Tue, 30 Sep 2008 23:56:44 +0000

I have personally gauranteed for my business to a line of credit, a few company credit cards as well as a private business loan. My company is going unders and I have no personal assets left. Would these creditors sue me personally for recovery? Can they put me into personal bankruptcy? I also [...]

Keeping a motorcycle

Tue, 30 Sep 2008 22:20:04 +0000

I have a motorcycle as my only vehicle. It was purchased through financing in 2006 with my mother as the co-signer. Will I be able to keep this as long as I continue to make my payments? Will my mother find out I have filed for bankruptcy? Posted from: Ontario

consumer proposal and car lease application

Tue, 30 Sep 2008 19:04:16 +0000

I am in a 3-year consumer proposal and I am in the end of the first year, no problem of paying to my trustee monthly according to the consumer proposal. My question is: if you want to apply to lease a car in car dealership, will they accept my application or just refuse it? Posted from: Ontario

Need your advice,

Tue, 30 Sep 2008 18:05:32 +0000

I`m joint owner in a home, the mortgage is joint with my spouse which I became separated in Oct/06. He`s living in the home and has been paying the mortgage. I cannot financially continue paying on the debts I have in my name only as I`m on CPP medical diasbility-$1054 mthly, and considering filing bankrupcty. [...]

Considering

Tue, 30 Sep 2008 17:04:06 +0000

If I declare bankruptucy and I have a ski-doo with an approximate value of $3000 what will happen? Do I lose the ski-doo? Posted from: Newfoundland and Labrador

guarantor

Tue, 30 Sep 2008 03:23:11 +0000

I guarantor a person to a leased car, he returned it voluntarily and he filed bankruptcy. How does this affect me? Can the leasing company chase after me? Posted from: Ontario

Is there a way to stop my mortgage co-signer from assuming the property title

Tue, 30 Sep 2008 02:40:27 +0000

My husband and brother are both on title and mortgage of our home. We were told that if there was no equity in the home and we kept up the payments that bank would probably let us keep it. Based on the appraisal the trustee said they would not be selling the home [...]

Student loan

Tue, 30 Sep 2008 01:10:15 +0000

What does it take to be discharged from a student loan that survived bankruptcy? How do I find a free lawyer help to file for a discharge from a student loan that survived my bankruptcy? Beata Posted from: British Columbia

assets kept in United states

Tue, 30 Sep 2008 00:07:37 +0000

If I have a Recreational Vehicle which is in storage in Florida because of a serious mechanical breakdown which I do not have the money to fix,does it have to be turned over and do I get to remove personal belongings which are still stored in it? The vehicle is registered in Canada,and carries [...]

Bankruptcy and LIRA

Mon, 29 Sep 2008 21:51:42 +0000

Hi There…I owe a considerable amount to CRA. I do have 2 locked in accounts and see that Alberta allows unlocking to pay Rev Canada debts. My LIRA`s are NS and Federally admininstered which do not allow unlocking for tax debt. Bankruptcy is an option but is there any way since bankruptcy is looming to [...]

inventory purchased with credit cards

Mon, 29 Sep 2008 21:28:42 +0000

We financed our business (incorporated) inventory purchases using our credit cards over the last 5 years. We are now realizing that the business isn`t viable and have a large amount of credit card debt. We want declare personal bankruptcy and start a new sole proprietorship and use the inventory from the existing business. [...]

Considering bankruptcy

Mon, 29 Sep 2008 13:50:34 +0000

I am toying with the idea, But not sure. I make about $3200 monthly and owe over $18000 to credit cards ca loans and personal loans. I can`t keep up with the payments or phone calls and my car is about to get repossessed. If I make this kind of $ how much [...]

mr

Mon, 29 Sep 2008 08:58:53 +0000

I have declared bankruptcy and its been over a year now, and slowly I`m paying the trustee. Now my close relative has volunteered to pay off the debts, what will this mean as far as my bankruptcy goes, and will the bankruptcy be wiped off my records, and can I start afresh, and will be [...]

no where else to turn

Mon, 29 Sep 2008 06:07:39 +0000

I was attending NAIT from sept. of 1990 to may of 1991. My last day of classes was May 3 1991.I declared bankruptcy on May 30 2001. Now canada student loans is hounding me again because they say that 10 years was not officially over. I cant get my original trustees to help me because [...]

winning money (lotto)

Mon, 29 Sep 2008 01:34:46 +0000

hi i was wondering lets say i filed for bankruptcy and have not been discharged and now i just won some money in the lottery say 50000 off a scratch ticket .. i know i have to tell my trustee but how much money do they keeep or do i lose it all >> thanks [...]

Renting and bankruptcy

Sun, 28 Sep 2008 18:41:54 +0000

Is it possible to get out of a lease during bankruptcy if I am unable to pay rent? Can I be sued for the full term of the lease? Posted from: Nova Scotia

what is considered `wages or income`

Sun, 28 Sep 2008 00:43:06 +0000

I have a canada pension disability pension and disability income from an insurance carrier. I have not been able to work since 1995 and my pension has been in place since then. I am 60 years old and these incomes have remained at the same amount since 1995. I have used credit [...]

FICO Score

Sat, 27 Sep 2008 22:48:15 +0000

Once a consumer proposal purges from your record, should you see an immediate jump in you FICO score? Posted from: Ontario

2 vehicles required for work purposes

Sat, 27 Sep 2008 18:51:54 +0000

I have a car and truck that i use for work purposes. The car was appraised at $500 and truck at $1000. I use the car regularly to save on gas. But require the truck in the winter months to access areas which i cannot get with my car . How would this work [...]

assest

Sat, 27 Sep 2008 18:49:06 +0000

I had made a verbal agreement with my ex girlfriends brother to borrow money to make some payments on loans. I signed my vehicle over to him as collateral untill i payed him back, then he would sign it back over to me. How would this affect myself or him? The vehicle is only worth [...]

Assets

Fri, 26 Sep 2008 22:26:26 +0000

If someone doesn`t have assets like a house, car etc because they do live at home, is it possible for them to file for bankruptcy? Posted from: Ontario

confidentiality

Fri, 26 Sep 2008 22:22:39 +0000

I`m thinking about filing for personal bankruptcy. I can`t keep up with payments and i`m getting the phone calls from the companies. A few questions: 1. If one files for personal bankruptcy, how confidential is it? 2. What are the steps that one needs to do before going to see a `trustee`? 3. Does the person that [...]

worried

Fri, 26 Sep 2008 20:34:44 +0000

I am thinking about filing for bankruptcy, or consumer proposals should I wait 3 months before filing? I am a little scared because I maxed out my credit line and I also used my credit card as well. I just found out from this site that a person can be charged with fraud, is this [...]

sponsoring a family from another country

Fri, 26 Sep 2008 16:45:58 +0000

If I file for bankruptcy, will I be able to sponsor my husband to live in Canada from another country? will the bankruptcy affect the sponsorship in any way? Posted from: Ontario

Total Monthly Income

Fri, 26 Sep 2008 14:49:47 +0000

My assessed monthly income has decreased by about $500 per month after the first month of bankruptcy. Does my monthly payment decrease as my income fluctuates? Posted from: British Columbia

Credit Repair after Consumer Proposals

Fri, 26 Sep 2008 00:50:09 +0000

After three years consumer proposals purge from the credit bureaus. However I have several questions: Will my credit rating be clear or will I still be working from a deficit? I`ve had a secured credit card for over 2 years, department store credit card for just over a year, and recently had a family member co-sign [...]

RRSP`S protection

Fri, 26 Sep 2008 00:03:59 +0000

There is apparently a new canadian law as of this year that prevents the RRSP`S from banks not to be part of a bancruptcy. Can you give me some light or updated info on this matter? Posted from: British Columbia

ignoring creditors

Thu, 25 Sep 2008 20:42:41 +0000

I owe a few creditors for the past few years. I haven`t made any payments. I`am looking to repair my debt, but unsure what to do. I owe to credit cards, banks, utilities totallying about $8000, and my spouse owes about $15000. just wondering what steps i should take to fix this burden. Posted from: [...]

personal Bankruptcy

Thu, 25 Sep 2008 19:43:55 +0000

I own a small business that is incororated with other partners. I have a large personal debt I cant seem to crawl out of because the business is not making money. If I declare personal bankruptcy what happend to my company. Posted from: Alberta

Bankruptcy

Thu, 25 Sep 2008 13:24:49 +0000

We have a bad debt that we would like to claim bankruptcy on. Can we claim bankruptcy on that one loan or would we have to claim it on all of our debt? Posted from: Newfoundland and Labrador

Creditor is chasing me after 5 years

Thu, 25 Sep 2008 04:20:20 +0000

After 5 years of consumer proposal … and that went well and paid off for 3 years now, one of the creditor is after me.. How could that happen? What did I do wrong? Or I didn`t do what I was suppose to do? I have never received the proof of completion. But did the [...]

BC Blues

Wed, 24 Sep 2008 05:41:11 +0000

How does a co-signer get affected by going bankrupt? Ie. Does it affect their credit rating? Are they obligated to re-pay the debt? And, is it possible for the co-signer to pay the co-signed debt off (prior to going bankrupt for other debts), then the bankruptee pay the co-signer back so it doesn`t affect [...]

Mr.Novak

Wed, 24 Sep 2008 02:48:11 +0000

My Ex had a credit card in which she was the sole card holder although my signature was on the agreement too. After our divorce she filed for bankruptcy and in it named the above mentioned card and its total amount owing. She obliged the bankruptcy and was legally discharged after making all due payments [...]

consumer proposal and mortgage

Tue, 23 Sep 2008 23:04:53 +0000

Hi, We are a year into a consumer proposal and our mortgage which we have held for 4 years without any problem is up for renewal next June. Will we have to stay with our current bank or will we be able to go to another bank to redo our mortgage? Our credit is bad right [...]

no job

Tue, 23 Sep 2008 22:55:48 +0000

I have no job (i don`t get paid for it). I am looking for a fresh start. My common law husband, is a sole propietor; I answer calls and deal with customers, but don`t draw an income. If I need grocery or something (not luxury). I withdraw from the business account. I want to file for bankruptcy. How would [...]

consumer proposals

Tue, 23 Sep 2008 12:58:25 +0000

Does one get their income tax after a consumer proposal, especially if it has anything to do with government student loans? Posted from: Ontario

Rating

Tue, 23 Sep 2008 12:55:37 +0000

How long does a consumer proposal affect one`s credit rating if they have previously went bankrupt Posted from: Ontario

Division I proposal

Tue, 23 Sep 2008 12:49:00 +0000

Does a division 1 proposal cost more than a consumer proposal, in regards to the cost associated with paying the bankcruptcy trustee? Posted from: Ontario

What to do……

Tue, 23 Sep 2008 02:15:05 +0000

I`m a full-time (seasonal) worker. My hours will probably start getting lower. I`m in debt and want to get a fresh start with my life. The only problem is, is that i owe money on credit cards that are over the limit, i took out a loan to pay them off and instead [...]

Job Oppurtunity

Tue, 23 Sep 2008 02:00:03 +0000

My husband has just been offered a very good paying job oppurtunity….they want him to start now. We are not discharged until the middle of Nov. Now I am worried about Surplus income and how much we will ahve to pay and that our automatic dischage will not happen. He will be [...]

I`m paying back student loans but colection agency says its not enough

Tue, 23 Sep 2008 00:17:14 +0000

Hi there I`m paying back my canada student loan to a collection agency called Alliance one. I`m trying to be cooperative to the agent thats handling my account. I`ve told him that I can only pay $200 for the first month and will pay a little more when my financial sitiuation is better. [...]

I`m gonna declare bankruptcy

Mon, 22 Sep 2008 23:35:14 +0000

I`m i`n the process of filing bankruptcy, can I loose my house if I owe the bank who holds my mortgage money. My mortgage is up to date and so are my utilities. Posted from: Ontario

Proposal Payment

Mon, 22 Sep 2008 18:17:20 +0000

Barton, I am planning on filing a consumer proposal with your firm, but I am wondering what the policy is for the first proposal payment. Do I have to pay a payment up front when I meet with you to file the papers? Or do payments start when it is accepted? Posted from: Alberta

What is included in allowable furniture?

Mon, 22 Sep 2008 17:11:40 +0000

Are beds included in the $4,000 of allowable furniture? I bought a new bed approximately 6 months ago. Posted from: Alberta

Senior Bankruptcy

Mon, 22 Sep 2008 04:01:16 +0000

My 80 year old, widowed Mother has somehow managed to owe Visa $15000. Since my Fathers passing 8 years ago. There is no way she will ever be able to pay this off in her lifetime! She would allow me power of attorney to keep her in line from this point on. She has no assets except [...]

STILL HAVE GOOD CREDIT

Sun, 21 Sep 2008 19:51:21 +0000

I have not paid one bill late so far but I am approx 60,000 in credit card debt. My husband works and I am still receiving an income from sick benfits and plan to return to work soon. I need to do something soon before this credit card debt gets any higher. [...]

proposal acceptance

Sun, 21 Sep 2008 18:32:56 +0000

Although bankruptcy would be a viable option for me, I would much rather do a proposal. My question is, would creditors accept a proposal as low as .20 cents on the dollar? Over 5 years this would be $18000. According to my income, a bankruptcy would only result in a payment of about $1800 over [...]

medical expenses

Sun, 21 Sep 2008 18:06:21 +0000

According to the rules of surplus, medical expenses are deducted from income and not the end result. Therefore a disabled person incurring $200 a month in medical expenses only pays $100 less in his monthly surplus payment than his healthy friend with the exact same income amount. Do you believe this to be fair? Posted from: Ontario

Work Visa and Bankruptcy

Sun, 21 Sep 2008 06:59:40 +0000

Would I have trouble crossing the border to the United States with Bankruptcy on my file? Would I have difficulty acquiring a Work Visa in the U.S. with Bankruptcy on my File? Posted from: British Columbia

Pension Excemptions?

Sat, 20 Sep 2008 19:56:37 +0000

If someone is a Pensioner and has more then one House (Duplexes for Income) amd needs to file for Bankrupsty what can be done and must all Houses be affected?? Or can one give back some to the Banks if not able to sell and how will it affect the Credit?? Thanks Posted from: British Columbia

If a new job

Sat, 20 Sep 2008 05:26:53 +0000

I have taken ill, I`m a disabled worker and going through recovery. I am not able to pay my monthly line of credit in full nor on time, which includes my bills. I lost my job but have found another. If I did a Consumer Proposal, and it was accepted by the creditors, and [...]

tax estimates

Sat, 20 Sep 2008 02:35:18 +0000

Having only disability pension income, I will be required to make a monthly tax payment during my bankruptcy. My question is , `who` will hold onto this tax money? Also, I am afraid of the trustee estimating too high as this will result in a tax rebate which HE is entitled to keep. Posted from: Ontario

can i loose my house

Sat, 20 Sep 2008 01:15:41 +0000

Can i loose my house under a consumer proposal, if my bank that i have my mortgage thru is also owed money like a personal loan and line of credit. My house is apraised at 143 000 and i owe 142 500, so their is no equity in the house for the bank to take. Posted [...]

Court Judgment

Fri, 19 Sep 2008 21:46:55 +0000

I have 1 debt on my credit report from a bay totaling $800. Eqiufax informed me that it will be off my credit report by January 2010. The collection agency say that if it goes to a court judgment that it will stay on credit report for 10 years. The debt was created from [...]

Credit Repair after Consumer Proposals

Thu, 18 Sep 2008 23:57:28 +0000

I had a bill go to collections but it was part of your consumer proposal. Will purge from the system three years from the date of the consumer proposal? Or Will collection account remain on your credit report for six years as a collection account? Posted from: Ontario

Cost of a Proposal

Thu, 18 Sep 2008 20:19:09 +0000

How much does the trustee charge to prepare the credit proposal. Posted from: Ontario

car payments and repo

Thu, 18 Sep 2008 19:53:12 +0000

Usually, when you stop making your loan payment on a car loan that is through a bank, how long does it take before they repo the vehicle, do they call you first? Posted from: New Brunswick

bank account

Thu, 18 Sep 2008 19:51:28 +0000

1) I bank at Company X. I do nothing but have a bank account there. If I have a credit card at Company ABC and I stop making payments on my credit card, are they able to take money out of Company X account? 2) I have been trying to make the min payments [...]

Non-Discretionary Expenses

Wed, 17 Sep 2008 23:37:12 +0000

Monthly Non-Discretionary Expenses,would this be dental?or eyeware? Posted from: Nova Scotia

Changed my Mind After I Chose to Go the Bankruptcy route

Wed, 17 Sep 2008 21:54:53 +0000

I signed off on going the Bankruptcy Route, however I did some research and rethought my decision and would like to not file for Bankruptcy. Can I do this now as I have signed off, and I am not sure if my Trustee has let my creditors know as it has only been 2 days [...]

student loans and consumer proposal

Wed, 17 Sep 2008 15:01:57 +0000

Can student loans be included in a consumer proposals? Posted from: Alberta

roomate

Wed, 17 Sep 2008 14:58:40 +0000

My common law partner and i have been discussing dissolving our relationship and living together as roomates for a number of reasons (mainly our daughter and the high cost of living). I am planning to file bankruptcy next year when my student loans are 7 years old. I am wondering if and how [...]

taking name off a property i havent lived in for years????

Wed, 17 Sep 2008 14:30:08 +0000

I am ready to file bankruptcy, have been seperated for over 4 years and have never signed off the property i owned with my ex-common law partner… Now, my name has been off the mortgage for 4 years, but i dont recall taking my name off the house or is this automatic… I just [...]

execution

Wed, 17 Sep 2008 12:54:49 +0000

I received my discharge and it says: If there werejudgements or executionsn against you at the time of your bankruptsy to obtain on order of the Court to extinguish the execution. How would I know if there were an execution against me? first time I read this. Thank you Posted from: Ontario

Gift given to commonlaw

Wed, 17 Sep 2008 03:54:46 +0000

Prior to filing bankruptcy I transferred registered owner of a motorcycle with no money owing on it to a commo law. I just realized this constitutes a gift given in the past 6 months. As I just filed my bankruptcy on Sept. 16th/08 should I let the trustee know asap. I overlooked this through [...]

Colletions

Wed, 17 Sep 2008 01:11:09 +0000

I owe money in Ontario but now live outside Canada. I am in collection and Nor-Don is calling. Can I negotiate with them to repay the money? Posted from: Ontario

proposal

Tue, 16 Sep 2008 17:06:24 +0000

what is the difference between a Division I proposal and a consumer proposal? Posted from: Ontario

house and land evaluation

Tue, 16 Sep 2008 16:22:45 +0000

how does a trustee or creditor find out how much ones house is worth if one desides to file for bankruptcy?, and if one has land that the house sits on, is it just the first 5 acres that is of concern when it is time to sell or is it different when one files [...]

post bankruptcy business records retention

Tue, 16 Sep 2008 16:20:45 +0000

I am now discharged from my bankruptcy that included my business. How long do I need to keep my business records on file? Since everything was written off in the bankruptcy can I distroy them now or have to keep them for 6 years? Thx. Posted from: British Columbia

bankruptcy

Tue, 16 Sep 2008 03:22:50 +0000

I am way over my head in debt. I owe visa 10000 plus interest, bank overdraft over 2000 and 13000 on a car loan. I crashed the car and didn`t have insurance. I took the car to a garage to see if it could be fixed but couldn`t afford it. i now owe the [...]

co-signer who can`t make the payments

Tue, 16 Sep 2008 03:15:40 +0000

I co-signed for a car a little over two years ago. the person whom i cosigned for is no longer making any payment. He is very difficult to find and even if i were to sue him it would be hard to collect as he gets paid in cash (when he is employed). [...]

How much debt DO I have?

Tue, 16 Sep 2008 03:13:26 +0000

I`ve got so many creditors calling and harrassing me these days. I`m considering filing for bankruptcy after I received a letter in the mail regarding an old savings account, from a bank where I had that I never closed, saying they were forced to freeze my account because of a debt collector. They even photo-copied [...]

personal bankruptcy

Tue, 16 Sep 2008 00:29:33 +0000

If you are laid-off from work and collecting EI, can you still file for personal bankruptcy? Posted from: Ontario

do i have to pay

Mon, 15 Sep 2008 23:25:11 +0000

I owe canadian tire from 1998 they said they took me to court in december 2004 now in 2008 september a collecting agency say`s I owe 1800 dollars and they want 600 dollars. its not on my credit report. do I have to pay them and can they put it on my credit report now [...]

Where can i get a loan

Mon, 15 Sep 2008 20:03:34 +0000

Where can i go to secure a loan after bankruptcy..have tried with co-signers and still turned down>? Posted from: Ontario

refiling of debts

Mon, 15 Sep 2008 19:15:00 +0000

When I was building my house I ran into financial problems and had to declare bankruptcy. My trustee had told the heating company that if they wanted their furnace they would have to go into the house (it was still under construction) and retrieve it. They did not and the house was sold [...]

Mortgage Renewal and Debt Management Program

Mon, 15 Sep 2008 18:36:09 +0000

Our mortgage is up for renewal in march 2010 but we are in debt management program until June 2010. Are you going to have a hard time renewing if all our payments are up to date with out mortgage and also with other creditors i.e. car payments, etc.? Posted from: Ontario

In Debt

Mon, 15 Sep 2008 04:52:06 +0000

If someone files for personal bankruptcy, is there employer notified? Posted from: Ontario

Post Bankruptcy Student Loan repayment - Collection Agency

Sun, 14 Sep 2008 22:11:54 +0000

My trustee was discharged earlier this year, and in June my bank who has held my student loans contacted me to commence repayment. I was presented with my options for getting the loans back into good standing, paid the interest for my provincial loan and made three consecutive monthly payments against my Federal loan. [...]

my wife

Sun, 14 Sep 2008 00:32:55 +0000

I have a good paying job. My mortgage is both my name and my wifes. I have credit card , loans which total around 40,000. Our mortgage has a very high monthly payment and is a bad deal. We are currently working on getting refinaced but mothing yet. As a result I have had trouble [...]

Credit Card Debt

Sat, 13 Sep 2008 23:00:30 +0000

I am currently finding it difficult to keep up with my credit card bills. If they go to collections and I still have problems repaying can the take legal actions against me? Posted from: Ontario

seperation and bankruptcy

Sat, 13 Sep 2008 14:06:51 +0000

My common-law wife (now separated ) Own a home together and still owing a mortgage.With the separation has put me in a dire financial situation.what would happen if I claimed bankruptcy.She is capable of paying the mortgage on her own.We haven`t gone to court yet to settle the assets or Child/spousal payments. [...]

prize win after discharge

Sat, 13 Sep 2008 05:03:53 +0000

If discharged on the 1st of Jan and won prize on the 2nd of Jan — can trustee sieze cash and/or prize for creditors if prize was awarded after discharge date? Posted from: British Columbia

Help in this situation

Fri, 12 Sep 2008 19:26:56 +0000

I have been divorced for a few years and the process was financially crippling. I am now thinking of getting re-married but have bad credit from some unpaid bill problems stemming from the divorce. It has been around 6 years since I accrued these debts. Will my bad credit effect my new [...]

Filing Tax return

Fri, 12 Sep 2008 17:50:54 +0000

Hope you can clarify something for me. If filed for Bankruptcy in Jun-08 and if all goes well, I should be discharged sometime in Mar-09. (approx 9 months ). Do I need to file a tax return for the year ending 2008 ? or is that up to my bankruptcy trustee ? I think you mentioned that [...]