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I have recently taken out a loan to pay my mother back for university because she has become ill and has lost her Job. My husband has also been released from his Job for medical reasons and our income has decreased. We are considering bankruptcy, but I am worried that they will look for the […]
If a bankrupt has a high salary, but the bankruptcy was caused by a prolonged mental illness, which has now been treated, will it be possible to get a nine month discharge on compassionate grounds? Posted from: Ontario
my mortage is due for renewal on nov 8,09 at the same time, my wife and i are about to become bankrupt, we can afford to maintain our car and mortage paymnt so we will keep these however our mortage is with wells fargo and new rate is 16.75% for 3 years 1035.00 per month […]
I am very confused. What is the statute of limitations on debt in alberta? I have copied and pasted a section from this site: Alberta – The Alberta Limitations Act sets 2 years as the term which is extended to 10 years if there is a judgement. What does this mean? I have a 2000.00 […]
Hello, My mother unfortunately has became a victim of a scam called a straw buyer. Her English is not that good and got suckered into signing under 2 houses that have now both stopped paying their mortgage. Obviously she has no choice but to declare bankruptcy, correct? The houses together are valued at about 750 […]
If someone gets laid off, has not owned a home in over a year, cashes RRSP`s to live off of for the past year, and keeps paying creditors until they simply run out of money and can`t pay anyone anymore, and still have no job but have a huge debt, how long after that can […]
I recently had a debit on my account that I could not explain. When I investigated, I found that the debit (which amounted to roughly 20% of my monthly earnings) was the result of a garnishment order in effect to repay a $23,000 debt to CIBC Visa. I contacted mydebtsolution to help resolve this. Mydebtsolution […]
I am going to foreclose on my house. Usually my mortgage payment comes out on the 15th of the month, if i miss one mortgage payment then move out after 2 weeks, will i be ok? or they would come and take the house right away? Posted from: Ontario
I would like to leave my marriage, but I know financially, I can`t make it on my own, with the huge debt load we have. We owe $35000 in a line of credit, i have an $8000 MBNA MC, an $8000 CIBC Visa, a $6000 TD Visa, and $7000 SEars. Would you recommend bankruptcy? Posted […]
With recent changes to the bankrupcy / proposal rules specifically to that the 25% of the creditors meet before apposal can happen…how will this be enforced Posted from: Ontario
