us loans
outstanding us loans will they be null and void if i declare canadian bankruptcy. Posted from: Ontario
Q&A: Answers to Questions
Most Recent ‘Q&A’ Posts
new laws
If bankruptcy was filed in Oct 2007 and discharge, as per hearing, will be granted July 2009, are the new RRSP exempt rules applicable or do the old laws apply and RRSP`s will be seized? Thank you. Posted from: Ontario
fully secured lines of credit
i have two personal lines of credit that are fully secured with g.i.c.`s. i have no problem keeping up the payments as they are quite low. as long as this contract is kept in good stead can the lines of credit be seperate from the bankruptcy. also. i am allowed 32000 home equity in sask. […]
credit checking vs. Employment
Hi Can an expert tell me whether a bankruptcy record or a high risk credit rating can lead to your employer from turning down a new recruit? Say working as a bank teller? Thanks Posted from: Ontario
Studend
I am considering bankruptcy. I am a university student with debt on my shoulders, currently in my second year of studies and I have two more years to go. I want to file for personal bankruptcy, but I don`t know how that is going to affect my student loan from OSAP. Currently I don`t have […]
How far back will the trustee/creditors look
My trustee has asked for copies of our last three statements from each credit card. Do they normally ask for more than three months and if so why? Also, will we need to provide copies of our home/auto insurance policy or any other documents. I would like to be well prepared. Posted from: Ontario
what about the vehicle
we have substantial debt, credit cards, loans, and a 1yr old vehicle loan all total about 50,000.00. what are our options? we already had a bankruptcy that was discharged in 2004. we do have a home which we bought a year and a half ago we owe 115,000 on this mortgage the home is assessed […]
Giving up car loan DURING bankruptcy
I filed bankruptcy july 2008 and should be discharged approximately April 09. I have kept my 2007 car loan and make payments of 300/month. With the downturn in the economy i now owe 16500 on a car that is worth about 5500. If i decide to give the car back to the company (GMAC) …can […]
What type of questions should we be prepared for creditors meeting
What type of questions should we be prepared for creditors meeting? Posted from: Ontario
Joint vs individual bankruptcy
My husband and I are days away from filing for bankruptcy. Because I had more access to available credit, I used cheques made available by my creditors to satisfy monthly minimum payments on both of our credit cards/lines of credit etc. Consequently my debt is approximately 45% higher than my husband`s and I`ve been advised […]