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Debt Settlement: Answers to Questions

Most Recent ‘Debt Settlement’ Posts

company bankruptcy

I am the sole director of an Ontario Corporation that is deeply in debt, mostly to a single supplier. Are trustees for personal bankruptcy also qualified for corporate bankruptcy? Does a `consumer proposal` also apply to a corporation? Posted from: Ontario

Help with Writ of Seizure and Sale

I am panicked as CRA has filed a Writ of Seizure and Sale against my home with land titles. The amount is in dispute and has to do with another person`s tax debt. What does this mean can they seize my home and sell it. Posted from: Alberta

Employer contact

Can a creditor contact my employer prior to having a court order for garnishment of wages. If not, what action can be taken by me if they have contacted my employer without having a court order? Thank you Posted from: Ontario

Consumer proposal or a debt settlement?

Which is better to fix the credit faster Consumer Proposal or Debt Settlement? How it effects credit? How long both of these stay on record? Posted from: Ontario

co-signed for a loan and now it is in default

My husband co-signed for a loan for a trailer that is now 2 months in default. I know that this is currently affecting his credit rating. My questions are; 1) Do we have a legal right to try and sell this thing before it destroys his credit? and 2) If not, and it gets repossessed […]

Mark

What are the typical fees debt settlement firms charge for their service? Does a debt settlement firm have to be lisenced to act on your behalf? Posted from: Ontario

car loan

if i have a car loan and cant pay it. so if i dont pay what will happen. ? i make about 1600.00 a month which is eaten up from bills my car payment is 300.00 a month Posted from: Ontario

Voluntary Repossession of Leased Vehicle

I entered into a voluntary repossession agreement with the leasing company of my vehicle. I was told by the leasor that the vehicle would be accepted back, it would be sold, and then I could be liable for any loss. Is this true? In BC the law is sieze or sue is it not? If […]

Miss Brock

I seen a similar question to mine but have something to add. I recently had my jeep removed because they decided to seize not sue I was a few payments behind and the interest and payments were very high. Now I just received a letter saying I might have to pay a disposition or may […]

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