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Debt: Answers to Questions

Most Recent ‘Debt’ Posts

Seize in Alberta

I fall behind on payments on my car loan which was financed with a conditional sales contract in Alberta. The car was seized and was auctioned off. I now have a creditor trying to recover the remaining $10,000 owing on the vehicle. My question is what can they do to make me pay?..Can they garnish […]

Cant continue car payments

I am currently unable to continue car pymts as I moved to be with family & took $ 10/hour less pay..also to start apprenticeship. We are sruggling to meet basic needs for our family of 5. Someone had accident with my car, it is totalled & insurance will not cover the claim. I am not […]

Harrassment

how do i file for bankruptcy Posted from: British Columbia

Lease Car Repossession – Getting it Back

My vehicle was repossessed over the weekend. I am 75 days passed due. I called to make arrangement to pay for the 3 months that are behind so I could get my vehicle back. I’ve been a perfect customer for the 5 year lease and have paid every payment on time. Now that there is […]

mom’s debt willed to me

My mom passed away but unfortunetly she didn’t leave any money to pay off her debts now I have to pay them off with my income. Can I declare bankrupcy cause of these bills of hers Posted from: Saskatchewan

Three different banks

I have debt with three different banks. I was able to have these, but due to unforeseen expenses these have all been maxed out. I am able to pay the minimum payment every month, but no more. I need to get rid of this debt. I do not own anything to leverage against. The total […]

Loan Co-signers

My husband and I are co-signers for a unsecured rbc student line of credit of $50,000 for our daughter for school, if we filed a consumer proposal, what would the implications for us and also her be. Posted from: Ontario

Spousal Debt.

Am I responsible for my husband’s debt. Nothing is in my name. He has a car loan, and credit cards. In Canada is one spouse liable for the other spouse’ debt? Posted from: Ontario

Outstanding HST submission to CRA

My business failed one year ago. All my taxes, personal and corporate, have been paid. However, there are outstanding HST submissions to CRA of almost $20,000. I am planning a personal bankruptcy, but as the sole director of my company I am personally responsible for the HST owing. Is there any way to avoid this. […]

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