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Most Recent ‘Q&A’ Posts

credit counselling?

My husband recenty disclosed to me he had over $80,0000 in charge cards and a line of credit, we now have a home owners line of credit, and another 20,00.00 in credit card bills came in this week, I have excellent credit, 1 credit card with approx $200.00 on it, would you advise credit counselling. […]

Trustee wants statements etc from 3 years ago

I have recently entered into bankruptcy. Over 3 years ago I sold a house which did earn some income. I used the majority to pay off bills, and for downpayment. There was still a fairly large sum remaining that was used to pay off other bills and buy furniture etc but I don’t have receipts […]

signing

If I was to file bankruptcy within the next week when would the bankruptcy occur? in 2010 when I sign or in 2011 when the superintendent of bankruptcy receives it? Posted from: Ontario

joint bankruptcy

If a husband and wife file jointly, and wife income is alot less than husband, Will she be released after nine months or continue for 21 months with husband? Posted from: Alberta

Community leader

I am currently a volunteer with a local non-profit organization, I sit on their board and am considering personal bankrupcy. What are the implications, if any, regarding the effects of bankrupcy to this organization? Posted from: Ontario

How many times can 1 person go bankrupt?

Good evening; what is the limit to Bankruptcy? I meen how do people file more than once? I need some questions answered in regards to this very stressful situation. I lost my license, therefore lost my job. I cannot pay rent, not eligible for E.I. and very worried. Please help. Posted from: Ontario

debt after retirement

have 50000 dollars credit card debt am about to retire can only afford about 200 dollars a month what are my options Posted from: Ontario

TIme frame

Can you give me an estimated time frame from the time you meet with a trustee to declare bankruptcy to the time you would be declared bankrupt – considering prompt filing of forms etc. Thanks Posted from: Nova Scotia

Auto payment but car repossesed

My girlfriend is considering going bankrupt. She has a former boyfriend that left her with nearly 70K in debt. She was a cosigner on a truck for him which was repossessed and sold. The outstanding balanced is 18K. Can that be declared as there is no attached asset to it? Posted from: Alberta

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