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Most Recent ‘Q&A’ Posts

Deferred Payment Plan items

Around 4 or 5 months ago we purchased a mattress on a deferred payment plan, as well, about 8 or 9 months ago we bought appliances. I don`t believe that we have made any real payments towards it, but… we have no other mattress to sleep on, and we may need to keep our washer/dryer […]

Securities registration and bankruptcy

I currently work in the securities industry and have been told that my license will be revoked if I claim bankruptcy. Is this the case? Posted from: Alberta

my wedding rings?

I have no assets to sell and am considering bankruptsy. Our truck and stuff is all in my husbands name. Would they make me sell my wedding rings to help pay-off my debt? Posted from: Manitoba

mortgage/loans at same bank

If I declare bankruptcy and I have loans and credit cards at the same bank I have my mortgages at – can that bank do anything to my mortgages since my loans and credit cards will be included in the bankruptcy but the mortgages wont? Posted from: Alberta

Co-Sign

I co-signed for a loan for a family member who is now declaring bankruptcy. I was working when I did this but I no longer work. My spouse is working and all our acounts are in both our names but I have no income at all. Can my spouse be made to pay this even […]

Joint debt

Hello My husband and I are now separated. We owe approx $50000 in debt on visa and line of credit joint. His father is a millionaire and has provided me and my husband with support for 2 years with wages from his businesses since my husband has cancer and I was a nurse that took […]

Home Equity Calculation

Are real estate agent commissions, lawyer fees and mortgage penalties considered when calculating one`s `equity` in a home during a bankruptcy filing? Once these costs are subtracting the remaining balance from the home sale is approx. $5000.00 with an unsecured debt of $40,000.00. Would this amount be considered enough to warrant a forced sale? Thanks […]

Mental illness and declaring bankruptcy

My spouse was recently diagnosed with a mental illness . He had been running up massive debt (over 100,000 dollars) for the past year which he had been hiding from me. He was arrested last month after bizarre behaviour in his workplace and committed for observation to a psychiatric facility where he still is forcibly […]

payments to a trustee

What happens if my husband and I declare bankrupcy, we paid the trustee all the fees at the beginning. However, what happens if we do not keep up with the payments of the monthly fees to the trustee Posted from: Quebec

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