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I have a supplementary card from my husband`s mastercard. I was trying to build up my small business, and ended up using the supplementary card to cover expenses. Due to the high interest rates, I`m having trouble getting the payment down. The amount owing on the supplemental card is $27,000. I also owe 21,000 on […]
My ex and I split a few years back, but have not made it legal yet, he filled for bankruptcy in January now I have creditors calling saying all of our debt is my reasponisibility, I have 2 children and am barly makin ends me, is this true am I now responsible for all debt? […]
Where can someone find assistance with business debts? The company is not incorporated, and there is about $85,000 in loans and credit card debts. There does not seem to be much information available for small business owners and I think it would be helpful for those with business related concerns. Thanks! Posted from: Ontario
Our house went into foreclosure last year, it recently sold for approx. $55,000. The mortgage on it was approx. $78,000. My ex doesn`t and will not obtain a job anytime soon or will never pay his amount owing. Will the bank or CMHC come after me for the whole amount owing because I am working? […]
What happens if you sell something too keep you afloat even thought you still have an outstanding loan for the item. Also what if you sell something of ignifigant value for the same reason. It the person you sold it too protected for their purchase? Posted from: New Brunswick
I own a house in Northern Ontario which we owe more than we can get if we sell. We owe $78000 but at best could get $45000 unless the local economy turns around and that does not look likely at all. What is the best way to deal with this? Posted from: Ontario
Good morning. I have a question please. I have a friend who`s house is going under power of sale. There is no equity in the house, and i belive the bank will probably be under 50-60 thousand after all the expenses. I understanad that the bank is insured by CHMC and will get that money […]
I`ve heard that my husband and I can`t do a consumer proposal,or file for bankruptcy do to the fact its are income and am on title on another home which has no mortgage so there is to equity in the home which is concidered an asset.What can we do now we have to many payments? […]
what as a cosigner happens when the lender defaults and a car is repossesed Posted from: Alberta
Recently, my husband has been laid-off, and as a result we cannot pay our auto loans. I have heard that BC has a sieze or sue policy, in that once the lender siezes the vehicle (voluntary reposession in our case), we are NOT responsible for the deficiency on the loan. Is this true? Posted from: […]
