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Most Recent ‘Q&A’ Posts

tax help

what options do i have if i owe taxes and will pay but need time ? Posted from: Ontario

Bankruptcy and Cosigned Loan

Will the cosignee on a bank loan be responsible for paying the loan if a person declares bankruptcy? Would a consumer proposal make it so that the cosignee would not have to pay the loan and it would not affect their credit rating? Or do they both do the same thing to the cosignee? Posted […]

Contingent Asset Issue

I`ve been advised by my Licensed Insolvency Trustee to go find a lawyer …. Thank you. Posted from: Ontario

Married

I filed for Bankruptcy in February 2009 I will not be released until November 2009, I was planning on getting married in the next few months how will this affect the bankruptcy or should we wait until the discharge in November? Please advise. thanks, Posted from: Nova Scotia

mortgage question

We owe 90000 on our house, but because of the market now, it is worth less. If i declare bankrupcty and let the bank take the house, and the bank sells it for 70000, am I responsible to repay 20000? if so how so people normally do this? if it takes me 4 years to […]

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