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Most Recent ‘Q&A’ Posts

discharge of loan

I graduated from University with a teaching degree in May 2002, and I have been unable to secure a contract position. I have been working as an occasional teacher for 6 years. During the current school year, there has been a shortage of assignments and my earnings are very low (less than 7,000 so far […]

severance pay

Hi, Can creditors put a garnishment on my monthly severance pay? Posted from: Ontario

if i receive a `windfall` while in bankruptcy

I keep reading that if you receive an inheritence, lottery winning, etc, you will lose it to the bankruptcy. What I wanted to clarify is, if the windfall amount is MORE than the bankruptcy (my bankruptcy included just under $35000 in debts), do I really lose ALL of the windfall, or do I get back […]

bankruptcy and inheritance

i am going to recieve an inheritance in about 6 months and was told i can`t claim bankrupsy. so what are my alternitives? Posted from: Ontario

Bank Accts – closure after bankruptcy

If I file for personal bankruptcy, can any creditor/fed gov`t/trustee or even the bank close my bank acct due ONLY to the fact that I have filed for personal bankruptcy ? Thank-you Posted from: Ontario

will I still be considered a 2nd time bankrupt after 12 years

I declared bankruptcy in a different proince in 1995; discharged in 1996. A mortgage broker I talked to who specializes in post-bankruptcy mortgages says that I don`t have to disclose my first bankruptcy since it was more than 10 years ago. Is that true Posted from: Nova Scotia

OSAP

I graduated from College this year and have a $30 000 OSAP debt. I have very little saved. I was hoping to find a job fast but unfortunately did not. My situation in life changed and now I need to move back to another coundtry for quite some time if not forever, I will still […]

2 monthes letft to be 10 years

Hi, only 2 monthes left for my student loan to reach the 10 year period but I am laid of my job(currently on EI benefit) and the collection officer couldn`t stope asking me for more money on tope of what I am giving them what I can evry month. I am so stressed and sleepless […]

bankruptcy vrs a consumer proposal

i was wondering if you are in finacial trouble why would you choose a consumer propasal to me you might as well start with a clean slate .. i reccently went bankrupt owing 60000 in debt my bills were all up to date but the trustee recommended me to go bankrupt Posted from: Ontario

Bank account

can a bankruptcy trusty freeze or put restrictions on my bank account? Posted from: Alberta

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