bankruptcy and unemployment
what happens if i`m unemployed and needing to file for bankruptcy? how do i make any payments if i have no income? i also have no assets? unless a broken t.v. is considered an asset? Posted from: Ontario
Q&A: Answers to Questions
Most Recent ‘Q&A’ Posts
Supplementary credit card
Just wondering how soon will the creditors come after my spouse, he is a supplementary card holder and never signed anything or used the card. What options will we have,and who can I contact to help with this. I filed for bankruptcy 2 weeks ago. My trustee said to ask them for the contact he […]
Financed Car before bankruptcy
What happens with your financed car when you claim bankruptcy? Posted from: Alberta
Fishy
Is my Trustee allowed to negotiate with my creditors & agree to additional payments on my behalf without consulting me? Posted from: Ontario
Worried
I was supposed to be discharged this week; 2 weeks ago one of my creditors has opposed the discharge. They want 6 more payments for a total of 15 months. If I agree to their terms, could they still oppose my discharge at the 14th month & want more payments? Also, if I dont agree […]
Bankruptcy
If someone was awarded a settlement under the residential tendencies branch for damages we dont agree with and feel were made because we left on bad terms with the people and its under my name my sisters name and my mothers name because she was the co-signor of the apartment, if i were to declare […]
When Does One Stop Paying?
If you`ve had to borrow from family to just make the minimum payments to get by when there is an income loss when does one actually stop paying the creditors? Do you wait until your first consultation with a trustee or if you know you already meet all requirements would you stop paying just prior? […]
Timing of Bankruptcy and Judgements
Is there timing in regards to a judgement. Should you file before a judgement or after Posted from: British Columbia
personal and business bankruptcy in Canada
Hi my incoporation owes 70000 to CRA and about 50000 to vendors. and i have 25k on personal credit card, 7k on student loan, 5k on personal credit card. i have no assets and i rent. i have a decent condo with nice ammenities. do i have to claim personal bankrupcy for the money owed […]
What options do I have?
i own a business that owes about $70000 to CRA. i have a personal loc 25000, student loan of 7000, and a perosnal credit card for 5000. my buiness seems to be tanking and i dont see a way it will trun around. i would like to stop it an begin looking for a job. […]