I am currently in a consumer proposal, and finding it tough to make my HELOC payments, can I bankrupt my consumer proposal? Posted from: Alberta
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Alternatives to Bankruptcy: Learn about Your Options
Are you trying to deal with your debt, but also avoid bankruptcy? - There are several alternatives to bankruptcy that are available to you, and each of them has its pros and cons. Knowing the details on how each of the options works will allow you to choose the one that best fits your unique situation.
To learn more about your bankruptcy alternatives:
- Follow the links at top left to read our articles on different alternatives to bankruptcy.
- Read the latest expert responses to anonymous questions on bankruptcy alternatives, below.
- Search our blog archive for "alternatives" or for one of the specific options identified in our articles (e.g. consumer proposals):
To ask a question about alternatives to bankruptcy:
- Post, anonymously, your questions about bankruptcy alternatives to our blog.
- Request a free evaluation of your situation to get an expert's opinion on which bankruptcy alternative is best for you.
- Email your question to a bankruptcy trustee in your area, who will be glad to respond to your individual situation.
You can also contact a trustee near you for a consultation. Your first meeting will be free of charge or obligation, and will deal exclusively with your personal circumstances.
For questions on how to avoid bankruptcy, on alternatives to bankruptcy, and on related topics, trust the experts at Bankruptcy Canada!
The latest questions on bankruptcy alternatives, with our experts' responses:
Ifyou have a truck loan through a bank and if you don`t pay for truck bank will take it back. can you lose the truck in bankruptcy? Even if continue to pay for truck through the bank? Posted from: Ontario
My name is kristen, Me and my husband own a house and have fallen into 15,000 dollar debt, my insurance was canceled on my house and due to the goverments issues with horse racing in ontario, are jobs were taken away!! my husband has gone to get work on a farm in the states and [...]
How can i get out of dept instead of claiming bankrupcy. Posted from: Manitoba
Hello, my question is , my husband and I are legally separated and we own serveral properties. He is presently unemployed and he wants to file for bankruptcy. What does that do to me? Do I have to file ? Whom should I speak to? Posted from: Nova Scotia
We started bankruptcy procedures and discovered with our steady income now we’d be better off doing a proposal. But our trustee said they would calculate the whole amount to pay not partial I ask you Why? Also the trustee’s fee is 20% is that right? Or reasonable? Posted from: Alberta
I have not been able to pay a few things for about 5yrs now. Im in collection on all of them. I want to pay them but when i try to talk to them they wanted their money like last month. One made me feel like an inch tall @ feel really bad that i [...]
We currently have a mortgage on our house and want to be done with it. I live in Sask and it is a refinanced mortgage through CMHC with 0 equity. This is the main debt I want to get rid of. Don’t want to keep the house. Would foreclosure (can they come back at us [...]
I am a sub contractor for a drywall company I haven’t been able to pay my taxes for the year of 2011 cause I’ve got so many bills and also have two small kids that I’m responsible for. I’ve got a lot of bills and I can’t seem to get ahead at all I’m living [...]
If a senior decides not to declare bankruptcy but goes with not paying his credit cards since he can’t pay anymore and the only possession he has is his car, if he dies, will his wife be responsible for paying the credit cards and will they take the car away? Posted from: Ontario