Debt: Answers to Questions

Most Recent ‘Debt’ Posts

car loan question

I had a car loan that I could not afford and had not made any payments on the car for 6 months. I called the bank and told them to repo it as I could not afford it. They said it wasnt worth their time to take it so I asked if I could sell […]

Foreclosure

How long after a foreclosed property is sold (not through a private sale…) can CMHC hold the previous owner liable for the short fall (if any)? And how does one find out if there is a short fall? Posted from: Alberta

EI Debt

CRA collections is trying to recover $50,000+ for debt owing from EI overpayment. I am not able to pay this amount and wondering what my options are for resolving this matter? Posted from: Ontario

Parking Tickets and Other Tickets

I have several Parking Tickets and Tickets speeding tickets and Tickets for an accident. Are these covered in my bankruptcy? or will I still owe these. Posted from: Ontario

Student & Credit Card Debt

I have around 30,000 in student loan debt. OSAP (10,000) and a bank loan (20,000). I also have 6,000 in credit card debt. I only make $1400 a month and it will probably be like that for a couple years since I work in film and it takes a while to make money in my […]

Corporate Tax after closure of Company

I have a limited company, and it still owes revenue canada corporate tax, I know that the gst and personal tax I am responsible for through my consumer proposal, but do I have to bankrupt the company or can I close it, and not owe the corporate tax anymore. This is a one man company […]

CRA and back taxes

Can revenue canada put a claim on equity in home if the tax bill is taking a long time to pay off, or are unable to make payments for a certain amount of time do to loss of employment Posted from: British Columbia

judgment and bankruptcy

if you have been sued by the insurance company can that debt be cleared in bankruptcy ? Posted from: Ontario

can my wages be garnished every two weeks

I owe back taxes and had been paying but now CRA have passed this debt to a credit agency, my salary has been garnished, how much can they take of my salary and how often? will it be a monthly payment or every two weeks? Posted from: Ontario

Gov. garnishing my wages

up to what percentage can the government take of your garnished wages? Posted from: Ontario

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