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Most Recent ‘Q&A’ Posts

Gambling Debtbut

I have run up over $100K in gambling debts in the last 4 months… I am swamped by my debt, my livein girlfriend doesn`t know. Is bankruptcy an option? ALso, I voluntarily pay spousal/child support so it is in a separation agreement but isn`t deducted from my pay cheque does that come off the amount […]

some info please

i have about $250000.00 in unsecured debt.i am self employed and business has been slow to non existant for about a year now.i have been able to make my minimum payments so far,sometimes late but always made them.i have defaulted on a few,not by choice, and they are in collections now. i really cant keep […]

Single or Joint Bankruptcy in a Marriage

Is there such a thing as single bankruptcy in a marriage. One spouse files but the other does not? Or both are affected anyway because we are married. If single is possible, how does this work? Thank you Posted from: Ontario

live with parents, but dont pay rent

hi, i live with my parents. i dont pay rent, but i do pay for my own groceries, cell phone bill etc. also my parents dont work, but my dad get EI. would my parents be affected in any way ? Posted from: Ontario

paperwork needed to begin

When I attend my first meeting with the trustee what will I need to bring? Do I need my credit report or will the trustee handle this?Lastly, I heard that it will cost me a mininum of $160.00 a month,is this true? Posted from: Ontario

disability and bankruptcy

I have applied for canada pension disability. The application was started in March 2009. I signed a paper at the time that if there was a retroactive payout it will go to the insurance company currently paying my disabilty. I have decided that I will have to claim bankruptcy and have started paper work with […]

Debt in another province

I recently moved to BC from Alberta after separating from my spouse. In Alberta I have a consolidated loan with my ex. Can I apply for bankruptcy in BC if the loans are in Alberta? Posted from: British Columbia

limited company liablr

in case if a limited company goes bankruptcy,is the company liable to pay the amount public has invested into it … Posted from: Alberta

Loans

What if I owe personal loans to family members and cannot pay them back? If I am bankrupt will that pay out my oweing to them? Posted from: British Columbia

Foreclosure

I own 2 properties that currently have little or no equity. I can not afford to pay for either of them and am thinking about letting them be foreclosed. With what i will be expected to pay after foreclosure in penalties I think i will need to consider bankruptcy. Should i declare bankruptcy before my […]

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