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Money Problems: Answers to Questions

Most Recent ‘Money Problems’ Posts

Avoiding charge of fraud

my cousin needs to declare bankruptcy. he is worried that he may have made some inappropriate transactions. he took time off from work to go to school in France for nearly a year. he thought he would get money to pay off the debt from his father, but that won`t happen now. i think it […]

Commonlaw Debt Responsibility

In Alberta, am I considered commonlaw with my boyfriend after 3 months? And, if so, am I responsible for his debt after this time? (credit card, car payment, etc.)

Store credit and credit cards

I owe approx. $10K on Sears credit card and I just lost my job, due to relocation. I`m getting EI payments now. Will Sears go after my stuff that I bought by Sears credit card? Also, If I`m default on other credit cards, will I be in trouble with them?

Before a lien is put against my house

I owe the bank close to $90k in unsecured debit (loans, credit cards, etc). I am thinking of tranfering the deed of my house to an immediate family member . By doing so, will this prevent the bank from putting a lien against the house?

set-off

If one has an incorporated business bank account with a bank, and is a (never used)supplementary cardholder of a personal credit card account of a bankrupt, issued by the same bank, does that bank have any legal right to access funds in the business account?

Secured personal loan

I have a 34,000 secured loan, co-signed by a friend (his assets are the security). Does bankruptcy or filing a consumer proposal make any difference in this obligation, as I do not wish my friend to be stuck with this debt and would prefer to keep paying on it even if I go bankrupt or […]

RRSP cash out

I lost my Job an year ago and am in finacial trouble. As I have not been able to find job that pays the same.How much percent do I loose if I cash my RRSP. Is there any way to get help from government so you dont get penalized. So I can pay depts so […]

defaalt loan

Can a collection agency in canada gives information to their counter part in the us for collecting a default loan?

Debt survival

An American citizen decides to return to the U.S. after 21 years in Canada, $75000 in debt and a failed marriage. He thinks he will never return to live and work in Canada again, but he will be traveling here several times a year to see his children. If he doesn`t file for bankruptcy, will […]

cra

i do not have any debt thru creditors , my problem is with cra i recently had a reassesment. me federal tax is $7.000 but with penalties and so on they want $37.000 thousand dolars what am i suppose to do.im very stressed out and dont know what to do my accountant said i should […]

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