bankrupt or consolidate?
I am currently making about 60k annual salary (before taxes) I owe about 48,000$ in debts, is my only option to declare personal bankruptcy? Posted from: Quebec
Q&A: Answers to Questions
Most Recent ‘Q&A’ Posts
I need help
I filed and right now I am bankrupt. I have a new claim running in the courts right now that has started to garnish my wages. I thought if I was still bankrupt that this would not be possible. Could it be that the garnishment is also under my soon to be ex husband too? […]
Disability Pension
I am currently bankrupt. Does my small disability check I receive from the military count towards my monthly income? Posted from: Ontario
known creditors and non-disclosure
what are the consequences to a bankrupt who failed to disclose all of his/her assets to the trustee? And, what are the consequences to a bankrupt who did not disclose to the trustee of a known creditor who was as a result not included as a creditor on Form 79? If the bankrupt is subsequently […]
used credit card for essentials before filing for bankruptcy
I used my only credit card with any credit on it for essentials(cleaning things household items, like light bulbs and fuses but did buy a couple of non essential things, for my personal use) . Things I haven`t gotten for months as I have been trying to pay credit cards down. What happens if I […]
self employed and may need to file for bankruptcy
iam a hairdresser and self employed i own a salon with a friend we dont own the property we rent , what will,happen if i file bankrupcy Posted from: Ontario
What will happen if…..
What is going to happen to my company if i claim bankruptcy? My spouse and i own it together. Can you tell me if i will have to take my name off to file personal bankruptcy Posted from: Alberta
Confusion
Because of a $250,000 loss related to Nortel, my husband and I are on the verge of bankruptcy. There are currently three court judgements against me alone since I own our home solely. The Licensed Insolvency Trustee I have been in contact with says all three of these judgement creditors go back to ground zero […]
SELF EMPLOYED AND BAKRUPTCYT
My husband and I both work for his business which has not been doing well in the recession so we might put the business in bankruptcy as well as personal bankruptcy. Since we both work for the business with no pay except for min. owner loan repayment if money is available once in a while […]
seperation
my wife and I are seperating , we have an accumulated debt of $75,000 we have a home with a $256,000 mortgage at 90% of value and also 2 vehicles we owe 18,000 which are probably worth approximately 12,000 is it possible to do a consumer proposal as we have been bankrupt before 15 years […]