My ex and I are going through a divorce. Both our names are on the title of the house and on the car. I no longer make the mortgage payments but he continues to do so. He does not pay my car payments but I do. Given the amount this divorce […]
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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:
Posted on Thursday, February 11, 2010
posted by Questions @ I have an unsecured loan with high interest that I am haveing trouble paying,they won`t work with me, and just keep saying they are going to sue me,what is my alternative. I don`t want to claim bankrupt.
Posted from: Ontario
Posted on Wednesday, February 3, 2010
My income is derived from commissions: How are the #`s calculated in terms of surplus income or consumer proposal amounts when my income can fluctuate from $0 to $20k in a month?
Posted from: Ontario
Posted on Thursday, January 14, 2010
What if you can not afford the amount that still may be owed after the bank has sold the property and the bank has filed with CMHC for an insurance payout? Does CMHC base the money owed according to your income, assets, etc instead of having to pay the whole amount?
Posted from: British Columbia
Posted on Wednesday, January 13, 2010
I`m trying to get my debt down and heard something about if you use your RRSP`s to pay off your debt, you can`t go bankrupt too. Is this true? I really don`t want to go bankrupt and am trying to do everything I can to avoid it. Suggestions??
Posted from: Ontario
Posted on Friday, January 1, 2010
i am a single parent with 19 month old son and have a paid off house. owe $40000 in debt and they are now trying to get lein on my house. how long can the lein last
Posted from: Ontario
Posted on Wednesday, December 30, 2009
We currently owe approximately $37,000.00 to unsecured debt (credit card/line of credit consolidation), I was wondering if debt settlement would be the right route for us to take? We are currently having difficulties making monthly payments (when all bills paid no money for food). I left my job because I wasn`t being paid and have […]
Posted on Saturday, December 19, 2009
purchased a truck/explained to company that we could not longer pay amount,arranged payment through post dated cheq/he accepted cheques,payment was 852.00 monthly/changed to 500.00 month/put che through early/nsf/baniff took vec that night,explained that the che was dated dec 9/ not dec 1, when che went through,took vec,what am I responible for ? thnak you […]
Posted on Thursday, December 17, 2009
My husband is 70 and retired. He just got let go from his part time job. He is 40,000.00 in debt by 2 credit card co.`s. (20,000.00 each). He cannot pay off his debts. He has no assets. He will never work again because of his age and health. He has arthritis and bad hips. […]
Posted on Saturday, December 12, 2009
My house is for sale but I`m not sure I can wait for a buyer. I have other debt besides my mortgage. Can I just give back the house to the bank without impacting my other debts as they are with the same lender (visa/line of credit).
Posted from: New Brunswick
Posted on Tuesday, December 1, 2009
