Archive for 2007 Page 2

I recently had a consumer proposal with a trustee and due to layoffs I fell behind payments due to layoff and cut hours, and the proposal was anulled. My trustee made no attempts to inform me on other options such as changing my proposal so it would not be anulled. I don`t want to do [...]

If I delacre bankrupcy will my paycheques be taken away from me too? Meaning iwll I jeapordize myself to loose ever ounce of income I have? Including emplyment insruance or maternity leave benefits I willbe receving this summer? When you declare bankrupcy in Ontario do you owe any money to anyone after the fact?

I`m in a bad debt problem in Canada, need to go Bankrupt, will never be able to pay such high debt due too bad building project. The power of sale is complete, the sale was only 75% of equity value, but there`s still a large mortage debt, your talking more than a million dollars. Investors [...]

i am the sole shareholder of a pasive alberta corporation, this company is the sole shareholder of three other corporations(Ontario, Manitoba, and Federal). What would a trustee do if i filed personal bankruptcy?

My Consumer Proposal will be filed with the next two weeks. I would like to start 2 savings accounts. One for expenses that will only come up every 2nd month or more, and the other for long term savings. Is there a limit to the amount that I can have in these accounts? At some [...]

I keep reading that getting small loans will help to rebuild your credit faster after bankruptcy, but how do you get those small loans? Who do you get them from? We have a secured credit card, but the banks won`t touch us. We are putting money in our kids` RESPs but do not have RRSPs [...]

i owe about 55,000 in consumer debt (credit cards and LoC`s, and another 20,000 in personal loans from family etc. Im may 06 i suffered from a back injury at work, however wcb and finalized that i am not eligible, for one reason or another, and sunlife says its a wcb claim not a DI. [...]

How will it effect my repayment amount if I make alot less than at the time of filing.

I currently have a bank loan for a van. I can afford to pay the monthly loan payments based on a budget that I`ve prepared for myself. However the fuel economy is horrible and I am an on-the-road salesperson. My husband (soon to be ex) wants to take over the van payments. I want to [...]

I have filed for personal bankruptcy in the last few days – paper signed. Upon further sober thought I think the better solution for me would be a Consumer Proposal. Can I go back to my trustee and ask to go the Consumer Proposal route? They are closed until the first week in January so [...]