overwhelmed
I currently owe 25k in personal dept. Credit cards, credit lines and taxes. I make appx 40k/year and my basic living expenses are appx 1200.00/month. I am drowning and cant catch up. Should I file bankruptcy? Posted from: New Brunswick
Q&A: Answers to Questions
Most Recent ‘Q&A’ Posts
Filing a consumer proposal to try to keep the home equity
My parents currently owe a house with an equity of approximately $28 000 thousand. But if I file bankruptcy for them right now I know that I have to come up with that amount in order to keep the house, which is impossible. However, could you please let me know if it is possible for […]
what kind of mail would i receive during the bankruptcy process ?
hi im just wondering if during lets say the 9 month discharge period, would a bankrupt receive any mail from a lawyer or trustee`s office ? or if the creditors mail out anything unusual ? is it possible to set it up so no mail is sent ? just want to have my whole family […]
MR
If you go bankruptcy and you owe about $40.000.00 on loans and credit but I have no assets except for a van that is worth about $6000.00 would I lose the van in the bankruptcy proceeding or not thank you Posted from: Ontario
credit card
i applied for a pay as you go credit card is that going to make my bankrupty`s worse and is that allowed Posted from: British Columbia
Anne
I am a power of attorney for my parents. They both are going thru depression and disable. I can`t afford to pay their credit cards debts. Can I personally file bankruptcy on their behalf? Thanks Posted from: Ontario
GST owed by business
I had a small business I operated as a sole proprietorship that I lost due to illness earlier in the year. I`ve been unable to work and am looking at bankruptcy. Is the amount of GST owed on my business account included as debt to CRA? Is it includable in a bankruptcy? Posted from: Alberta
have not been discharged from a 2006
i have not been discharged from a 2006 bankruptcy and my file is closed and i have no job what can i do to get a discharged and the trustee wants me to pay 800.00 to reopen and pay off my outstaning bill with them what the hell does a person do this is not […]
Looking for an answer!
If I claim bankruptcy on a small incorporated business, does it affect me personally? I am 100% share holder. Posted from: New Brunswick
Bankruptcy
Hi , thank you for taking time to answer, i am a director or a small company , i have debts whichi am finding hard to repay, i have approached in debt solution, which they negotitiated payemnt terms with two credit card companies, the other two card companies have tunr down the proposal i am […]