Alternatives to Bankruptcy Articles - Archive: 2009

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

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 [...]

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 [...]

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. [...]

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

If an individual does not go bankrupt but does owe money to unsecured creditors (i.e. credit cards now in collections) can that individual purchase a used car that is less than $5650 without the fear that those unsecured creditors will win a judgement to take possession of the car to pay off the bad debt? [...]

A year ago I was working in Panama. Me and my girlfriend had a child and bought a small place to live in for $28,000. Not much later I lost my job and had to return to Canada for work. I became disabled and now are unable to work full time. I receive $800 a [...]

I currently owe about 55k in unsecured credit. I`m not behind on payments, but am not making an progress in paying this down due to high interest rates. I would likely not qualify for a Debt Consolidation Loan on my own, but my question is it possible to get a co-signer with good credit history [...]

I acumulated alot of debt as the economy tanked so did my business. I have since moved to a new job. 1 of my credit cards went to collections and the rest of the credit cards are closed but still with the credit card companies and up to date on minimum payments and they are [...]

Hi! I`m a 30 y/o student. Some years ago, I was a self-employed drywaller and decided to go back to school to further my education. Because I was self-employed, I didn`t pay taxes off my payroll and they had to be paid at the end of the year. The first year I went back to [...]