Mortgage shortfal, what happens?
if i give my house back to the bank , do i have to go bankrupt Posted from: Ontario
Money Problems: Answers to Questions
Most Recent ‘Money Problems’ Posts
What assets can be seized by a creditor?
I will most likely be taken to court by a bank that I owe large amount of money. I am unemployed but recently bought a 9 year old vehicle for $1000. Can the bank take the car away from me? Posted from: Ontario
Using Severance pay to pay down debt
Hi, I`m going to be getting a large severance payout soon & then will be starting another job. I will be puting a large portion of it into an RRSP account but would like to take the rest ($12,000) to put toward a high interest line of credit (28.8%) of $14,000. This makes sense, right? […]
Wife
My husband is presently in personal bankruptcy, I am not, can I make a financial investment on the stock market, the investment account is in my name only.
can`t pay anymore
I have a credit line of $18,000. and one $10,000. also a perdonal loan that is now $7,500. and 2 credit cards totalling $14,000. All this together is around more than $50K So far I have always paid my monthly dues and never been late, however i can`t anymore What can happens if i just […]
Seizure by Sheriff
I have $30K in student loans that will be 7 years old in April, so basically I`m trying stretch things out until the new rules come into effect. However, the credit union has gotten a judgement against me and I have received a letter from the sheriff demanding payment and threatening to seize my property. […]
Laid-off
Hello… recently the company i worked for had this great idea of outsourcing the department i was in to india… since i was contract, i had no recourse (or so i was told) but the thing is, i`ve been struggling as it was to maintain payments to my debts (about 20K in osap, another 15k […]
purchase a vehicle
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?
Personal Loan
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 […]
bankruptcy and mortgage: what is the legal action
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 […]