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we have been trying to sell our property, as we have seroius debt and employment for my husband has ended. Now we are over 96 days in arrears on the mortgage. The mortgage company is sending a demand letter, can we apply for bankruptcy protection once legal action has commenced on our property? if by […]
Hello, I opened a marble business in the Windsor Ontario area a year ago. As we all know this is a very depressed area for business and I cannot continue the business. Here is my problem. What do I do with 25 tons of marble? I don’t have any credit and I have borrowed from […]
My husband if filing for bankruptcy as we speak. The debt is in all of his name, which equals to approx. 50,000.00. Do i have to file as well since nothing is in my name? Will they take my income into account seeing how i have my own debt to pay? Seeing how he is […]
I have claimed the equity in my principal residence as exempt for $12,000. I have not been discharged; however, I want to move and sell my house. Do i get the $12,000 from the sell of my house. I would like to use the proceeds for moving expenses and rent. Thanks. Posted from: British Columbia
I am considering personal bankruptcy because a failed business has left me with a large amount of unpaid credit card debt, which I am unable to pay. However, the surplus income rules seem to make things impossible. It costs us $7,000 / month for our family of three to live (that might sound like a […]
My sister has been harassed now on her unpaid debts for some times. They know she has no job and is physically disabled. Everytime they call she tells them she can not pay the debt and yet they do not stop calling. She has no money even for bankruptcy. She is embarassed but does not […]
I lost a property 9 years ago that the bank sold at a loss and it was covered by cmhc. Now the insurance company is asking for the loss amount of 40,000. What to do? Posted from: British Columbia
My husband & I have been separated for 3 yrs. I am prime and he is co on a joint visa and credit line. He is semi-retired and receives income from work, OAS, CPP, Alberta pension, and his RIF; I do seasonal work and at this moment I`m on EI, and have no investments. If […]
Can I file bankruptcy myself? What are regulations? What is the way to do it ? I can not afford to spare any money on a trustee. Posted from: Ontario
Why is a secured loan not covered in bankrupcy? Posted from: British Columbia
