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Most Recent ‘Q&A’ Posts

Bankruptsy or not

First off let me say THANKS… in advance for any advise offered here. I am forced retired, and living on a meager disability pension. I have just recently been gutted by a $10,000 Lawyer fee for a long and rough divorce after 31 years of marrage, What I got away with left me just enough […]

Vehicle is worth more than 5000…what now?

I am about to file for bankruptcy, but am hesitant as my vehicle is worth more than the exempt amount of 5000 – it`s appraised at 6500. What happens now? If I lose my vehicle my situation becomes even worse! Posted from: British Columbia

Timeshare

I filled for bankruptcy last week. I own a timeshare, which the trustee is aware of. The timeshare was not added as a creditor (i owe no money towards it other than maintenance fees, which were not due at time of filing – they will be due within a month). The timeshare is not worth […]

Bankruptcy and RESP

What if the primary subscriber is the one going bankrupt and the joint subscriber is not. Is the RESP safe from creditors them? Posted from: Ontario

Will I lose my car?

I just purchased a used car in August. The total cost of the vehicle was $18,000.00. Its the only car I own and I would require it for everyday travel and for work related purposes. Would I lose my car if I filed for bankruptcy this month in Nova Scotia? Posted from: Nova Scotia

Unfiled Taxes

I have not filed my taxes since 2005. I plan to file for bankrupcy this week and I`m just wondering how this will affect my tax refund from all those years? Posted from: Ontario

What option to consider

I owe $25k in unsecured credit card debt and I`m not sure what option to consider in debt relief. I have a really good job, I make about 50k a year, but can only seem to make minimum payments every month. Should i consider a consumer proposal or?????. All my debts are R1, my credit […]

bankrupt

We were served foreclosure documents,and are wondering how long it will take before we have to move out? we are not going to keep the house, so how long to get an order and time period? thanks Posted from: Northwest Territories

how much monthly payment

Me and wife have joint about $80,000 of combined unsecured loan,a joint $30,000 of secred loan. I have another $60,000 of unsecured loan on my personal name ,the total equity in my house is around $80,000 and I am leasing a car (don’t own it). My gross yearly income is $90,000 and my wife gross […]

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