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Hello! I am out of Canada and will stay here for the next few months. I don`t have an income right now and I am falling behind with my payments. I intend to return and after finding a job to probably file a consumer proposal (depending on what advice I will get from a trustee). […]
can a credit card company go into your bank account and take everything from your account?We will be filing for bankrupcy next week.we now have no income to live on or money to pay hydro.Do we have any legal rights with what they`ve done? Posted from: British Columbia
I have recently been separated, Our mortgage payments are not behind, but we need to sell the House, the mortgage is more than the Selling Price, with a shortfall of approimately $30,000 plus a credit card debt of $15,000, a veh. lease of $500.00 and rental of $1,500.00 any suggestion of how I can make […]
I gave back my new vehicle which I purchased 6 months ago voluntarily due to separation and not being able to pay all bills + house and support 2 children. Now my bank is saying that they will sell the car at auction and I am responsible for the difference – they will garnish my […]
I have some debts I need to be rid of. Which affects my credit rating worse, filing for bankruptcy or a consumer proposal? Thanks. Posted from: Ontario
I have a couple of questions. 1. How much is the maximum amount that can be garnished from your wages for a foreclosure on a home. We could not afford our home and foreclosed. Now the bank is saying they have loses and that we owe them. 2. If you are on disability can it […]
I have a CMHC insured mortgage and I`m pretty much in a position where I`m going to have to default on the mortgage. What methods does the CMHC use to recover their money after paying out the lender`s claim? What can I expect? Posted from: British Columbia
Hi, my husband recently lost his job and I am on maternity leave as we have just had a baby. With the added expense of our new child and my husbands lost income we decided to do a voluntary surrender of our vehicle. When I spoke with the bank that we had our loan with […]
When CMHC covers the bank for the shortfall amount on a foreclosed home, CMHC will become my debtor with the entire unsecured shortfall amount. Isn`t the point of insurance is to cover me? It would make more sense if CMHC comes after me for the amount of premium unpaid and not the entire shortfall unless […]
Does fostering children count as income? These funds are not taxed through the government. I don`t file these funds come tax time. Posted from: Manitoba
