Alternatives to Bankruptcy Articles - Archive: October 2008

—Can an individual file an assignment on unpaid loan to CMHC —-is CMHC a Federally owned and operated organization? Posted from: Ontario

my divorce has left me struggling to keep my head above water. my line of credit and credit card is maxed. i used them to pay legal costs. and became unemployed so it helped me to live and pay bills until i found employement. i am embarrassed to even consider bankruptcy. but as the days [...]

I had a business that incurred $32000.00 of unsecured debt. The business has not been active for approx 4 years now. I have been making minimum payments on this debt out of my own pocket because I was afraid my personal credit rating would be tarnished. I can not see an end in sight for [...]

I am married and we have one child (2 year old) and I got debt ($150,000) doing small business We have joint mortgage will I lose the house if I file of bankruptcy or consumer proposal and what is the best option? I am also staring new job with crown cooperation/government will I lose the [...]

I`m in default of my mortgage and was wondering if I have to file for bankruptcy if my lender forecloses on my house. If not, what kind of impact will a foreclosure have on my credit rating? I realize it will have an impact on my credit rating, but was wondering if it would be [...]

Sir, I am in deep trouble and I hope you can give me some professional opinion. I am going to walk away from my debts because I have very little income and have no assest. I still have $9000 in my rrsp account in the same bank I owe money. Is the money in rrsp [...]

Hello, I opened a marble business in the Windsor Ontario area a year ago. As we all know this is a very depressed area for business and I cannot continue the business. Here is my problem. What do I do with 25 tons of marble? I don’t have any credit and I have borrowed from [...]

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 [...]