Bankruptcy Articles - Archive: October 2008

What happens if your mortgage payment and car leasing payment per month is way more than the alloted amount per month and these payments have never been behind ie mortgage is 1810 per month and car payment is 530 per month Posted from: Alberta

Is it possible to keep both my vehicles after bankrupcty? One vehicle is worth more than $10,000 and I`m making monthly payments on and the other is paid off but worth less tha $5000. My wife and I need both vehicles for work, and hoping that if we do file for bankruptcy we can keep [...]

We have 2 Ltd. companies and they both are a maxxed to the limit, we also have numerous credit cards and loans exceeding limits. We signed personal gaurantees on these businesses and LOC`s. My question is what happens to these broke companies? All taxes are paid but loc`s are maxxed, so I`m thinking about personal [...]

HI, HERE GOES! MY HUSBAND AND I DID RESIDE IN ONTARIO BUT HE LEFT THE BABY AND I AND MOVED TO BRITISH COLUMBIA. I HAVE THE BANK CALLING ME AND SAYING THAT I NOW OWE FOR EVERYTHING AS MY HUSBAND HAS JUST FILED FOR BANKRUPCY IN BRITISH COLUMBIA. THE OWNERSHIP OF THE JEEP IS IN [...]

The surplus income which is rendered to creditors through the trusties is durnig the period till you get discharge or life time or till when? Posted from: Ontario

Can I conduct a sole proprietorship during bankruptcy? Posted from: Ontario

I have gone into bankruptcy because my proposal was rejected by creditors. I have to pay 200 a month in surplus income this is my first bankruptcy , I was told my situation would be reevaluted in 7 months and if I still have surplus I will not be realised for an additional 12 months, [...]

my husband and i filed bankruptcy together. we are still bankrupt. he has died, can trustee take my insurence he left to me Posted from: Nova Scotia

My wife and I are seperating, and we have a house that has a mortgage close to $390,000, the way the market is we probably won`t make anything or end up taking a loss. We also have over 60,000 in debt combined. If we declare bankruptcy does it affect us both equally. Posted from: British [...]

Being a Senior, hat, if any,difference is there? Also,I was told, and read on a site, can`t remember which one, that it may not be a good idea for Seniors to go Bankrupt. If Bankruptcy is the option, are you required to surrender all credit cards etc. Any information would be most helpful. Thank You……………….smc [...]