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Most Recent ‘Q&A’ Posts

Consumer Proposal when on Strike

I have roughly $35,000 in unsecured debt ( Credit card, Line of credit, Credit loan) and A $140,000 mortgage and a Car Loan (car loan is almost paid off, $1800 remaining).I have not worked in 9 weeks and counting due to a labour dispute with my employer. So basically I have no income other than […]

Occupations

Will I be able to be employed in the insurance field if I file for bankruptcy Posted from: Alberta

Impact of bankruptcy on credit rating overseas

Hi, My family and I relocated to Canada a few years ago for a change of lifestyle… and a better life. The irony is that we have basically spent what money we had on relocating and establishing our new lives, and have been unsuccessful in generating the income levels we previously had. We have $70,000 […]

Stop a bankruptcy from proceeding

I signed an application to personal bankruptcy on May 6, 2009 while under duress and not thinking clearly Can I stop the process by paying the Trustee`s fees and disbursements before it proceeds any further. The first meeting of the creditors has not yet happened. Posted from: Manitoba

Bankruptcy & Money taken from my account

I am currently in Bankruptcy, papers were signed on May 26th, 2009. One of my creditors went into my bank account on May 30th and withdrew $620.00 from my bank account – causing my rent cheque to bounce. They were notified of my bankruptcy – can I get this money back? I thought this was […]

Surplus Income calculation and shared custody

Hi. I am trying to decide if I should declare bankruptcy or file a consumer proposal. I am recently separated and my ex and I share custody of our 2 children. I also have a child from a previous relationship. What I`m wondering is – will I be considered a family of 4 or 3 […]

Bankruptcy filing, and reversal of filing

I filed my application to enter bankruptcy on May 7, 2009. On May 22nd I discovered I would be inheiriting a small amount of funds which if utilized appropriately would more than satisfy my debts. Is there any way I can reverse my application to file and deal with my creditor otherwise. Thank you and […]

Consumer proposal

Can I get a consumer proposal after realising I made a mistake by signing up with a credit consolidation company? Posted from: British Columbia

Unemployed

I am currently unemployed and looking for work. I would like to know how long I need to work part time or full time before filing. Posted from: Ontario

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