Bankruptcy Articles - Archive: August 2009 Page 2

If I include my house in my bankruptcy and it produces a huge shortfall on the resale to pay off the mortgage, will I be sued for the difference by the bank? Posted from: Alberta

I am currently unemployed and unable to collect EI (I quit my job because of horrible work conditions). I made a nice salary and was living a pretty comfortable lifestyle, but now I am in a lot of debt and am thinking of claiming bankruptcy. The industry I was in is really dry right now [...]

My husband & I will be filling for bankrupcy soon.Will are first and second mortgage go into the bankruptcy as we have no equity left in our home. Posted from: British Columbia

I was in a common law relationship for several years. There were things purchased by my ex that I took such as furniture and appliances. Also, there were charges laid against him and we bought a GIC together. He has started a civil suit against me for half of the GIC, the furniture and appliances [...]

I have a `student` line of credit from a bank. This is not a government student loan. Is this considered a student loan in the bankruptcy process meaning that I cannot make this go away until after 7 years until my studies have passed? I thought that the protection is only to government sponsored student [...]

I`m trying to figure out when I should file bankruptcy. I`m already about 40K in debt with credit cards and now another company will be taking legal action or suing me for about 40k debt owed there. With so much debt now, its impossible to look into any way of paying it back including a [...]

While I am in bankruptcy, am I obligated to stay in Canada, and one more question, can I put my past due hydro bills on this bankruptcy without them cancelling my hydro? and also If I give my car back do I have to make the last payment on it? Posted from: New Brunswick

I recently recieved a inheritance and handed it over to my trustee. It very nearly covered my debt in my bankruptcy however I`m still a little short which is fine. My payments have been reduced and should be done my payments in the middle of November. Will this help my case at all in court? [...]

My husband bought a house before we got married which we now rent…I bought a house for us to live in which he cosigned the mortgage for, as I don`t make that much. So since his tenants aren`t paying and we can`t afford 2 mortgages…will I or my `our` house be effected if he claims [...]

I am considering claiming bankruptcy for the first time (does not include my spouse as the debts are the `baggage` that I brought with me into our relationship). His cousin Myra, helped us with purchasing a new (to us) vehicle – a 2004 Honda Civic (paid for it out of her line of credit and [...]