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Most Recent ‘Q&A’ Posts

bankruptcy and lien

if goverment lien your property and then you file bankruptcy.do they seize your house and sell it and can you still live in it. Posted from: Ontario

RRSP` loan

Hi there almost 4 years ago I took out an RRSP line of credit I had the loan and my husband has the RRSP`s I have claimed bankruptcy what happens to the RRSP`s the original loan was for $17,000 and I got it down to approx $8000.00. Who owns the equity? Posted from: British Columbia

mr worried

i owe on a line of credit from my bank as well as a few credit cards and am not living in canada at the present time. i am very delinquent in paying my debts off. what will happen if i return to canada?will i be able to claim bankruptcy? or what is my best […]

Pay Day Loans

I have 3 payday loans and can no longer keep up the payments and am considering bankruptcy. Will they be included in the bankruptcy? Also, one of the cheques i used for the loan was a joint bank account, can they go after my spouse for that money? we don`t have any shared assets just […]

Mortgage

Can I sell my house and buy another one because of work relocation before discharge? thanks. Posted from: Saskatchewan

Secured debt question

We have two secured credit lines ($41K owing) and a loan (10 months left to pay) with my bank who also holds our mortgage. We have little equity in the house and we want to keep the house if at all possible. All payments are up to date and have never been missed. My question […]

inherritance

if i inherrit a very small amount, under 10,000. Do i lose the whole amount to my trustee? Posted from: Ontario

personal bankruptcy

My husband and I co-signed a loan for my sister a year ago, we recently found out she is having trouble making payments. She is thinking of filing for bankruptcy, what would happen to the loan if she does. Would my husband and I be on the hook for the loan or would it get […]

bankruptcy

I have an $600 per month surplus and considered filing bankruptcy about a year ago but didn`t. Now, I think I have to. With the Sept. 18 new laws, the period of being undischarged went up from 9 to 21 months. Can you tell me, with my income surplus, whether even a year ago I […]

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