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I have a personal guarentee on a business loan. The business has now failed and the banks are most likely going to get a judgement against me for the amount owing. If I declare bankrupcy, does this judgement get cleared? The amount of the judgement would be approx. $700,000. Posted from: British Columbia
A friend owes 60 000 in unsecured credit card debt. She also owns two houses, one she rents out. Considering the current real estate market, the option of selling and using the proceeds to pay down this debt have evaporated as the current market value for her real estate leaves no equity in the houses. […]
I have a complex situation that I need help with My wife and I have approx 80K in Debt not incl Mortgage. Debt My Wife – Visa 30K, Visa 3K, Dept Store 7K, LOC 20K = 60K Me – Loan 8K, Loan 6K, Visa 1K, MC 600, PayDay Loans 1K = 16K *Our mortgage is […]
I may have to file for bankruptcy over a 200,000 dollar loan caused by speculative stock market investments. I never spent a dime of borrowed money in my life , the one and only time I took a risk with borrowed money it backfired on me. My question is: I have been working for this […]
My husband and I cancelled a whole life insurance policy about a month before bankruptcy and we actually forgot about this. We filed for bankruptcy in march. We just got a check today for this policy. Does the whole cheque go to the trustee or part of it??? Posted from: Alberta
can you still file for bankruptcy after creditors have taken u to court and obtained a judgement Posted from: Ontario
if one is a director in a business that is incorporated and the business must go bankrupt can the director keep personal assets such as home and vehicles that are not connected to business? Posted from: Ontario
My truck is broke down requiring $7000.00 in repairs. While the bank delayed in denying my request for additional funding, I am out of work, and bills are piling up. I looked for a company job, but drivers are being laid off, not being hired. Where I work now only has owner/operators. If I file […]
My husband & I are filing for bankruptcy but are very terrified that they will take our home. We have already consulted with a trustee, and they have determined we have no equity in our home (appraised at $182,500, 1st mortgage $148,000 and 2nd mortgage $28,000). Due to the economy, we have taken a 30% […]
Can you include amount you owe to revenue in your bankruptcy? Posted from: British Columbia
