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I invested about 175,000 dollars of BORROWED money in an investment which `guaranteed` a minimum 15% return. As should be expected the company went belly up about 9 months ago and me with a group of investors have been involved in litigation against the directors of this company. We anticipate a sizable settlement from the […]
Will negotiating a payment plan with my biggest creditor affect me if I declare bankruptcy a few months later? I have a bank to which I owe 30% of all my outstanding debt. I have been in default on ALL my credit card payments for over a year. All other creditors have just been harassing […]
I was in a medical malpractice case for the wrongful death of my husband and have lost the case. The defense is seeking a very large amount of money in costs. I will end up bankrupt as I do not have the money to pay. With no other personal debts (i.e. credit cards, car loans […]
How far back in your financial history can a trustee look to find out movement in your personal finances? Posted from: Ontario
Typically when someone files for bankruptcy. How long do they get to vacate the house if it is included? Thanks, Posted from: Ontario
I may soon have to file for bankruptcy due to disability. Although I have read on your site that the trustee is like a referee making sure all is fair, I also realize that many areas will come down to a judgement call by the trustee. This makes me feel very uncomfortable if it is […]
I lease to own a building/business. I am in a situation because of ignorance on my part that may require me to pay an enormus amount of back pay. I also own the federal and provincial government taxes. I am holding my own and making payments but if this other payment goes though I will […]
If I was sued by someone and settled out of court through lawyers and was making payments prior to a bankruptcy, can I continue to make those payments during the bankruptcy i.e. can I deduct this from my income before the surplus income calculation is made, or would I be prevented from continuing to make […]
Hi, The last student loan that I received was in September of 2000. I know that I must wait two years before I can file for bankruptcy. I became unemployed 2 years ago and Service Canada payed for me to go to school at a Career College where I took a 6 month course unrelated […]
If you abide by all the rules and requirements when you are bankrupt, you should be discharged after 9 months, for a FIRST time bankruptcy. Is there any reason a creditor (Rev Can inclusive) will dispute the discharge ? Assuming there is no cause other than the creditor wants to prove a point and use […]
