Bankruptcy Articles - Archive: June 2009 Page 2

while in banruptcy I lost my job. After having lost my job I started receiving umemployment. Upon the exhaustion of the recall rights from my job, the company then paid me severance, termination pay, and any vacation they owed me. This then created an over payment from unemployment. How does that work? I had to [...]

Around 4 or 5 months ago we purchased a mattress on a deferred payment plan, as well, about 8 or 9 months ago we bought appliances. I don`t believe that we have made any real payments towards it, but… we have no other mattress to sleep on, and we may need to keep our washer/dryer [...]

I currently work in the securities industry and have been told that my license will be revoked if I claim bankruptcy. Is this the case? Posted from: Alberta

I have no assets to sell and am considering bankruptsy. Our truck and stuff is all in my husbands name. Would they make me sell my wedding rings to help pay-off my debt? Posted from: Manitoba

If I declare bankruptcy and I have loans and credit cards at the same bank I have my mortgages at – can that bank do anything to my mortgages since my loans and credit cards will be included in the bankruptcy but the mortgages wont? Posted from: Alberta

I am thinking of going bankrupt i have over $5,000 in debt but i am still making car payment on my loan can they take my car Posted from: Ontario

I co-signed for a loan for a family member who is now declaring bankruptcy. I was working when I did this but I no longer work. My spouse is working and all our acounts are in both our names but I have no income at all. Can my spouse be made to pay this even [...]

Are real estate agent commissions, lawyer fees and mortgage penalties considered when calculating one`s `equity` in a home during a bankruptcy filing? Once these costs are subtracting the remaining balance from the home sale is approx. $5000.00 with an unsecured debt of $40,000.00. Would this amount be considered enough to warrant a forced sale? Thanks [...]

My spouse was recently diagnosed with a mental illness . He had been running up massive debt (over 100,000 dollars) for the past year which he had been hiding from me. He was arrested last month after bizarre behaviour in his workplace and committed for observation to a psychiatric facility where he still is forcibly [...]

What happens if my husband and I declare bankrupcy, we paid the trustee all the fees at the beginning. However, what happens if we do not keep up with the payments of the monthly fees to the trustee Posted from: Quebec