Bankruptcy Articles - Archive: September 2008

I`m joint owner in a home, the mortgage is joint with my spouse which I became separated in Oct/06. He`s living in the home and has been paying the mortgage. I cannot financially continue paying on the debts I have in my name only as I`m on CPP medical diasbility-$1054 mthly, and considering filing bankrupcty. [...]

If I declare bankruptucy and I have a ski-doo with an approximate value of $3000 what will happen? Do I lose the ski-doo? Posted from: Newfoundland and Labrador

I guarantor a person to a leased car, he returned it voluntarily and he filed bankruptcy. How does this affect me? Can the leasing company chase after me? Posted from: Ontario

Hi There…I owe a considerable amount to CRA. I do have 2 locked in accounts and see that Alberta allows unlocking to pay Rev Canada debts. My LIRA`s are NS and Federally admininstered which do not allow unlocking for tax debt. Bankruptcy is an option but is there any way since bankruptcy is looming to [...]

We financed our business (incorporated) inventory purchases using our credit cards over the last 5 years. We are now realizing that the business isn`t viable and have a large amount of credit card debt. We want declare personal bankruptcy and start a new sole proprietorship and use the inventory from the existing business. The corporation [...]

I am toying with the idea, But not sure. I make about $3200 monthly and owe over $18000 to credit cards ca loans and personal loans. I can`t keep up with the payments or phone calls and my car is about to get repossessed. If I make this kind of $ how much of this [...]

hi i was wondering lets say i filed for bankruptcy and have not been discharged and now i just won some money in the lottery say 50000 off a scratch ticket .. i know i have to tell my trustee but how much money do they keeep or do i lose it all >> thanks [...]

Is it possible to get out of a lease during bankruptcy if I am unable to pay rent? Can I be sued for the full term of the lease? Posted from: Nova Scotia

I have a canada pension disability pension and disability income from an insurance carrier. I have not been able to work since 1995 and my pension has been in place since then. I am 60 years old and these incomes have remained at the same amount since 1995. I have used credit cards in order [...]

I had made a verbal agreement with my ex girlfriends brother to borrow money to make some payments on loans. I signed my vehicle over to him as collateral untill i payed him back, then he would sign it back over to me. How would this affect myself or him? The vehicle is only worth [...]