Money Management and Problems Articles - Archive: 2007

I have a 34,000 secured loan, co-signed by a friend (his assets are the security). Does bankruptcy or filing a consumer proposal make any difference in this obligation, as I do not wish my friend to be stuck with this debt and would prefer to keep paying on it even if I go bankrupt or [...]

I lost my Job an year ago and am in finacial trouble. As I have not been able to find job that pays the same.How much percent do I loose if I cash my RRSP. Is there any way to get help from government so you dont get penalized. So I can pay depts so [...]

Can a collection agency in canada gives information to their counter part in the us for collecting a default loan?

An American citizen decides to return to the U.S. after 21 years in Canada, $75000 in debt and a failed marriage. He thinks he will never return to live and work in Canada again, but he will be traveling here several times a year to see his children. If he doesn`t file for bankruptcy, will [...]

i do not have any debt thru creditors , my problem is with cra i recently had a reassesment. me federal tax is $7.000 but with penalties and so on they want $37.000 thousand dolars what am i suppose to do.im very stressed out and dont know what to do my accountant said i should [...]

Hi, my wife whom i am separated from but am still in the process of working on getting back together has claimed bankcruptcy for monies she borrowed in her name alone. There is though a $20 000.00 line of credit in which we both signed for about 6 years ago. We used the money and [...]

I was defauded out of $8900.00 and has put me into a tight situation. Is there any way to absolve this from my banking institution?

How much information regarding a corporate entity wholly owned by a bankrupt is to be provided to the trustee, and is assigning the shares of a corporate entity common, where it is a separate legal entity?

What does the term `Technically insolvent` really mean? The simple answer goes like `when liabilities exceed assets`. How do we value assets that are not readily convertible to cash? Like ownership of shares in a private corporation? How do we value liabilities whose cash value we don`t have a handle on? Like a lease agreement [...]

Hi I stop doing more payment to my mortgage I’m one month past due payment I’m not answering any phone call and I think I’ll fill bankruptcy what the next step for the bank are they will send me letter notice give 35 days to leave or what they will do please and thanks for [...]