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Most Recent ‘Q&A’ Posts

Sole Propietor

I am the sole propietor of a small business. The past 4 yrs have been real tight, we dropped a client that was more trouble than they were worth; they were also a constant source of income (when they paid). Now they are gone I have my sanity but the income is down 40 grand […]

loan on eve of bankrutpcy

I just got a loan. If I file for bankruptcy now what will happen to that loan? Will it be part of the bankruptcy or will I still have to pay it? Posted from: Ontario

Mortgage

I`m in the 2nd year of a consumer proposal. My home hasn`t any equity and to sell would put me in a deficit. I`m considering bankruptcy, which my trustee suggested. Is it beneficial to reamortorize my mortgage? Is it possible to put my partner on the mortgage to renogiate a more affordable payment? The situation […]

Student loans

I am planning to file for bankruptcy next month. I have a substantial amount of debt including some student loans that are 4 1/2 years old (school finish date). 1) If I file for bankruptcy before the 7 years are finished, can I apply to court in May (5 years) and ask for help? 2) […]

school while in bankruptcy

hello, If some one filed for bankruptcy would there be any problem going to college for six month paid by Service Canada or paid by a famely member with in the 9 month waiting period? thank you inadvice waterloo Posted from: Ontario

toronto

when you file personal bankrupsy, but the credit bureau had no idea you went bankrupt? why? does a trustee not send them paperwork to tell them? He applied to the court until all the money was paid off and then be discharged…now paid and waiting for discharge..but i even managed to get financing while still […]

Bankruptcy while in a proposal

I filed a consumer proposal in April of this year and I`m currently making my monthly payments toward it. I have significant student loans that will become more than 7 years old this fall. Because when I filed my proposal the loans were less than 7 years old, my understanding is that they will survive […]

Irving

If My wife was primary account holder with Irving and I was also on the account but with no credit information given and she went bankrupt why can they still go after me for the debt? Posted from: Nova Scotia

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