CMHC Recoveries
Can a deficiency judgement from CMHC be included in a bankruptcy? Posted from: Ontario
Q&A: Answers to Questions
Most Recent ‘Q&A’ Posts
No Income
I currently have no income, I am home mother in a common law marriage, I do however have about $20,000 in credit card debt and a student loan of $10K, which is over 10 years old…my common law husband has been supporting my debt but now its becoming to much, what are my options, can […]
Creditor contact during bankruptcy
Hello, I filed for bankruptcy 2 months ago and since this all creditors have stopped sending collection letters, but one continues to send me statements. Is this allowed? Thank you Posted from: Ontario
Bankruptcy and uncooperative spouse
I have about 90K of personal debt and currently unemployed and thinking of going back to university. I`am married and my wife`s income is sufficient to cover household expenses but not the minimum payments on my debt. Declaring bankruptcy seems to be the only option available right now but it has a hitch. My wife […]
Mr. Mayoos
I will be filing for bankruptcy soon. I am wondering if my 2 children both full time university students ages 22 and 18 will be considered my dependents for surplus income calculation or not? Posted from: British Columbia
Can not pay my $50000 credit
I am owing approximately $50000 in credit card and line of credit with three different banks involved. I tried debt settlement counseling but it did not work because I lost my job after nine years in the auto industry. My creditors are prepared to freeze my bank account that I have by just getting a […]
Need help with an answer please
I am in a situation now where bankruptcy is probably my only option. My question is… about 4 months ago I made a personal loan of $10 000. I was well capable of making those payments. My financial situation has changed tremendously and I can no longer make those monthly payments along with the rest […]
bankruptcy and child support
My husband moved to B.C where he claimed bankruptcy. I live in Ontario and due to his claiming I also had to as he was the sole provider. He owes alot of money for child support. He was finally sent a Federal Support Deduction Notice of which I have no idea what it is but […]
Negotiating with creditor prior to Bankruptcy
I owe a total of about 180K to creditors. There is a single creditor to whom I owe 50K. That creditor has offered me a very generous payment plan with a deadline to accept. Can I enter into a payment arrangement with that creditor alone? What will be the impact if later this year I […]
surplus?
I am currently in my second month of bankruptcy. This is my busy time of year at work and because I am a single mother receiving no child support I work alot of overtime to cover things like back to school, x-mas etc. What I am wondering is if I pay my surplus each month […]