Alternatives to Bankruptcy Articles - Archive: 2009 Page 2

My husband owns a business with partners and they are going to go bankrupt. How does this affect my life at home? Will the government look at the debt as a 1/3 for us or are they going to try to get us for the entire amount owed? Will this affect our home? How will [...]

I owe 6,000 to credit cards 2500 to a line of credit 7,000 to GST and close to 30,000 with my personal income tax and im stuck in a 3 year lease with a truck that i need for work which is 30,000. im still working full time with a major wage cut but still [...]

I am checking all the alternatives to bankruptcy, but I don`t see one that fits me. My big debt is about 8,500.00 on credit cards. I just file for EI for I suddenly lost my job, so I don`t have any money, any saving, no assets, no house, no car, not any income but the [...]

what happens if I just ignore my creditors and leave the country to start over somewhere else. Will it automatically put me into bankruptcy? Posted from: Ontario

Ok I know this sounds bad, but I`ve been in `hiding` for almost 10 years regarding a student loan. The only reason I didn`t pay it, was because at the time of the loan, I was a single mother on welfare; I wanted to be able to provide for my family, so I decided to [...]

i have been living on disability pension now for 9 years.my debt when i became disabled was approx 60k . with interest and penalties it is now over 75k.i have4 no way of making payments on this debt. how long before it is erased? Posted from: Ontario

My business is not incorporated and therefore I am looking at all my business debt as personal. I want to continue to operate my business, so would entertain the idea of a Proposal. My debt is close to $200,000. #l Some creditors, I would like to leave off the list, as I am close to [...]

I currently am in about $70,000 debt. All as a result of a separation. My husband and I have reconcilled but the debt is still there. I was considering bankruptcy as I am self-employed but working very little. My issue is that my husbands income is fairly high and I am concerned that this will [...]

I am very confused. What is the statute of limitations on debt in alberta? I have copied and pasted a section from this site: Alberta – The Alberta Limitations Act sets 2 years as the term which is extended to 10 years if there is a judgement. What does this mean? I have a 2000.00 [...]

I recently had a debit on my account that I could not explain. When I investigated, I found that the debit (which amounted to roughly 20% of my monthly earnings) was the result of a garnishment order in effect to repay a $23,000 debt to CIBC Visa. I contacted mydebtsolution to help resolve this. Mydebtsolution [...]