Bankruptcy Articles - Archive: 2010 Page 2

have 50000 dollars credit card debt am about to retire can only afford about 200 dollars a month what are my options Posted from: Ontario

Can you give me an estimated time frame from the time you meet with a trustee to declare bankruptcy to the time you would be declared bankrupt – considering prompt filing of forms etc. Thanks Posted from: Nova Scotia

My girlfriend is considering going bankrupt. She has a former boyfriend that left her with nearly 70K in debt. She was a cosigner on a truck for him which was repossessed and sold. The outstanding balanced is 18K. Can that be declared as there is no attached asset to it? Posted from: Alberta

If I gift my car (2009 Corolla-fully paid) to a friend or family member just before I claim Bankruptcy – will this be problematic? Posted from: Manitoba

i am 26 years old… i have about 60,000 dollars in debt . 25,000 is for a truck i bought . one year ago i consolidated a lot of debt which totals 25,000 dollars and a student loan of 10,000. its hard to get out of this debt. i was thinking bankrupcy but i plan [...]

Hi, if a husband and wife both file for bankruptcy, and have one car between them valued at approx. 10,000, can we keep car? It is only registered in husbands name, but both names are on the bill of sale and insurance? Thankyou Rose Posted from: Alberta

If an individual filed bankruptcy to avoid garnishee per pay period by Revenue Canada for 9 years of unfiled tax returns, lied and increased their expenses, lied about their creditors and the amounts owed even making some of them up (personal loans), neglected to include real creditors on the list of creditors, changed their first [...]

If, as a US citizen, although living for 45 and working in Canada for 30 years, I left and afterwards discovered that due to a divorce settlement, it was determined I owed taxes in Canada in 2003, can I declare bankruptcy on those taxes? Posted from: Saskatchewan

I have borrowed funds from my common law spouse. If I declare bancruptcy will she be allowed to write off these loans? Posted from: Ontario

The site states that, `Since none of your old creditors knows where your account is, they won’t be able to take money from your account accidentally.` I have my house insurance, loan and mortgage all at the same bank. If my loan will be taken care of during the bankruptcy, and I set up pre-approved [...]