Money Management and Problems Articles - Archive: November 2008

If a third bankruptcy is declared, you stated it would take longer and court appearance would be unpleasant….would a personal appearance at court be mandatory? Posted from: British Columbia

Hi, My question pertains to what I should do in order to deal with my current debt load. I went to community college from 1999 until 2002 to get a degree in web design. The student loans for this amounted to $15000. After getting out of school, I got a job at a local call [...]

My husband is leaving and moving out west I am 63 have about 9000.00 credit card debt and have no money to pay them I get my pension of 276.00 monthy and have been paying them but cannot anymore as I may have to go on Social Assistance…what can I do…. thanks Bunny Posted from: [...]

if you walk away from a property and give it back to the bank (power of sale) does that mean you have to declare bankruptsy? Posted from: Ontario

I have lots of debt and now I have lost my job. I will go on E.I. I was wondering if the creditors can garnishee my E.I. payments? Posted from: British Columbia

My ex-husband filed for bankruptcy and left me with the car loan. He had signed a separation agreement to make payments to me, but because it`s not support/maintenance, this debt will be discharged. He lied on his bankruptcy statement, however his trustee refuses to investigate this and is taking him at his word. I cannot [...]

Hi there, I have NO assets whasoever. I pay an insultingly low amount to my several debts, although on a fequent basis and they are now calling me at work demanding I pay my mimimums and catch up. I have no real address, car, RRSPs, no bank accounts, no more credit cards – just my [...]

Can you explain the repercussions of a lien being placed on ones home — the purpose of which is to collect on an unpaid credit card (Bank of Montreal/Mastercard)? For example, does this mean that the owner is forced to leave and that the house is sold by a third party OR does a lien [...]

My spouse is being sued by a creditor over some credit card debt. He and I are co-owners of our house. I don`t want his creditors slapping liens on the place so I`d like him to remove himself from the title. He`s OK with that. Is this do-able? In the US there is a process [...]

I expect to have a collection agency chasing after me in the near future. How long, on average, does it take in Ontario for a collection matter to get to court? Do these types of matters go through small claims court or the civil court and are they subject to the mandatory mediation process that [...]