Alternatives to Bankruptcy Articles - Archive: 2010

We are swimming in debt. Combined debt of $60,000 +/- (inc. Credit cards, consumer loans, consolidation loan, etc…)We have fallen behind on some of our bills. It has gotten to a point where some of the utility companies are threatening disconnection. I am wondering what the best course of action would be. At this point [...]

My husband recenty disclosed to me he had over $80,0000 in charge cards and a line of credit, we now have a home owners line of credit, and another 20,00.00 in credit card bills came in this week, I have excellent credit, 1 credit card with approx $200.00 on it, would you advise credit counselling. [...]

We have a great credit rating, however our dedt is way out of control. We make our monthly payments but have been getting no where. Over tha last 5 years our debt has not come down at all. It just hovers in the $100,000.00 range. I do not know what to do. I always pay [...]

Selling home due to breakup and not enough equity to cover all the costs. Will need to come up with $30,000 to cover the mtg penalty, real estate fees etc. That is $15,000 each. Looking at cost to file and perhaps some suprlus repayment, not to mention a bad credit rating is it worth it [...]

I have the following debt? CIBC PLC $52,266.83 CIBC VISA $10,448.20 CIBC Overdraft $ 1200.00 Citibank MC $ 23,800.00 HBC MC $8200.00 I have a total debt of $95,915.03 I currently gross montly income $3201.60. This debt was accumulated by lending $20,000 to family members, unemployment and a move to new province. What would you [...]

I Am 68 Years Old. Considering Bankruptcy. Are There Other Alternatives at My Age ? Posted from: Ontario

She had a debt of over $30,000 with a $24,000 income before tax. 3 credit cards, car loan, student loan, loans for furniture and 2 other loans totaling $30,000. I suggested for her to come look at your website but she ignored it… since then she`s got 1 HUGE loan from the bank, aka debt [...]

If the collection agency has accepted for us to make payments, and have accepted the first payment, and now it`s not enough can they take us to court? Posted from: Ontario

My home is about to be foreclosed on as I have been unable to sell it and can no longer pay the mortgage. Once it is foreclosed on and CMHC comes after me for the shortfall would the debt then be considered an unsecured debt and give me the option for partial bancruptcy through a [...]

Can a husband and wife do a joint Division I proposal with their limited company? Is this permitted by the BIA? Posted from: British Columbia