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Most Recent ‘Q&A’ Posts

house and land evaluation

how does a trustee or creditor find out how much ones house is worth if one desides to file for bankruptcy?, and if one has land that the house sits on, is it just the first 5 acres that is of concern when it is time to sell or is it different when one files […]

bankruptcy

I am way over my head in debt. I owe visa 10000 plus interest, bank overdraft over 2000 and 13000 on a car loan. I crashed the car and didn`t have insurance. I took the car to a garage to see if it could be fixed but couldn`t afford it. i now owe the garage […]

How much debt DO I have?

I`ve got so many creditors calling and harrassing me these days. I`m considering filing for bankruptcy after I received a letter in the mail regarding an old savings account, from a bank where I had that I never closed, saying they were forced to freeze my account because of a debt collector. They even photo-copied […]

personal bankruptcy

If you are laid-off from work and collecting EI, can you still file for personal bankruptcy? Posted from: Ontario

In Debt

If someone files for personal bankruptcy, is there employer notified? Posted from: Ontario

seperation and bankruptcy

My common-law wife (now separated ) Own a home together and still owing a mortgage.With the separation has put me in a dire financial situation.what would happen if I claimed bankruptcy.She is capable of paying the mortgage on her own.We haven`t gone to court yet to settle the assets or Child/spousal payments. Posted from: Ontario

Filing Tax return

Hope you can clarify something for me. If filed for Bankruptcy in Jun-08 and if all goes well, I should be discharged sometime in Mar-09. (approx 9 months ). Do I need to file a tax return for the year ending 2008 ? or is that up to my Licensed Insolvency Trustee ? I think […]

banking decisions

You have advised people to open a new account with a different bank prior to filing to avoid getting your funds seized (even a pension deposit) due to your banks `right to offset`. I have a credit card, line of credit and a mortgage with this bank. I do want to continue with my mortgage […]

Should I file for Bankruptcy

I have over $16,000 in credit card debt. I only work part-time and barely make enough for my monthly payments. Should I file for Bankruptcy? Posted from: Ontario

Seperating

I filed for bankruptcy in March of this year. I should get an automatic discharge in Dec. My common-law wife and I have a home that she/we bought 1 1/2 years ago. The house is 100% in her name. We are thinking of seperating. If I were to move out of the house and she […]

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