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My father in-law has a mortgage. He has a huge credit card balance of fifty thousand dollars. But is unable to pull the home equity out with out a cosigner. He has asked me and my husband, but we really do not want to take on that burden. What are his options Posted from: British […]
I own a business for just over 10 years but is not profitable. My income tax records show a loss each year. I am trying to sell the business but since it is a loss each year, no one is interested in buying it. I had to remortgage my house to buy this business initially […]
I`m joint owner in a home, the mortgage is joint with my spouse which I became separated in Oct/06. He`s living in the home and has been paying the mortgage. I cannot financially continue paying on the debts I have in my name only as I`m on CPP medical diasbility-$1054 mthly, and considering filing bankrupcty. […]
If I declare bankruptucy and I have a ski-doo with an approximate value of $3000 what will happen? Do I lose the ski-doo? Posted from: Newfoundland and Labrador
I guarantor a person to a leased car, he returned it voluntarily and he filed bankruptcy. How does this affect me? Can the leasing company chase after me? Posted from: Ontario
Hi There…I owe a considerable amount to CRA. I do have 2 locked in accounts and see that Alberta allows unlocking to pay Rev Canada debts. My LIRA`s are NS and Federally admininstered which do not allow unlocking for tax debt. Bankruptcy is an option but is there any way since bankruptcy is looming to […]
We financed our business (incorporated) inventory purchases using our credit cards over the last 5 years. We are now realizing that the business isn`t viable and have a large amount of credit card debt. We want declare personal bankruptcy and start a new sole proprietorship and use the inventory from the existing business. The corporation […]
I am toying with the idea, But not sure. I make about $3200 monthly and owe over $18000 to credit cards ca loans and personal loans. I can`t keep up with the payments or phone calls and my car is about to get repossessed. If I make this kind of $ how much of this […]
hi i was wondering lets say i filed for bankruptcy and have not been discharged and now i just won some money in the lottery say 50000 off a scratch ticket .. i know i have to tell my trustee but how much money do they keeep or do i lose it all >> thanks […]
Is it possible to get out of a lease during bankruptcy if I am unable to pay rent? Can I be sued for the full term of the lease? Posted from: Nova Scotia
