Money Management and Problems Articles - Archive: January 2008

before i go bankrupt could I purchase a vehicle off my visa card. I was told it must be under $3000. Would this be legal?

I had an exboyfriend lend me $4000.00 about a year ago. I am now planning on filing bankruptcy as I cannot keep up with all the other debts I owe. My question is, can bankruptcy wipe clean the money he wants back? I understand I cannot pay him anything while in the nine months of [...]

Hi I need help me and my wife are in debt I have many loans and credit card and I have a house but I didn’t pay mortgage for almost four month and I don’t have equity in the house i just receive letter [statement of claim] from Ontario superior court it say that a [...]

my cousin needs to declare bankruptcy. he is worried that he may have made some inappropriate transactions. he took time off from work to go to school in France for nearly a year. he thought he would get money to pay off the debt from his father, but that won`t happen now. i think it [...]

In Alberta, am I considered commonlaw with my boyfriend after 3 months? And, if so, am I responsible for his debt after this time? (credit card, car payment, etc.)

I owe approx. $10K on Sears credit card and I just lost my job, due to relocation. I`m getting EI payments now. Will Sears go after my stuff that I bought by Sears credit card? Also, If I`m default on other credit cards, will I be in trouble with them?

I owe the bank close to $90k in unsecured debit (loans, credit cards, etc). I am thinking of tranfering the deed of my house to an immediate family member . By doing so, will this prevent the bank from putting a lien against the house?

If one has an incorporated business bank account with a bank, and is a (never used)supplementary cardholder of a personal credit card account of a bankrupt, issued by the same bank, does that bank have any legal right to access funds in the business account?