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Most Recent ‘Q&A’ Posts

student loan 10 year rule

when can you included a student loan in a bankruptcy, I heard that the law recently changed from 10yrs down to 8yrs after the last day of your schooling you can include it. Is this true????.. Posted from: British Columbia

Sold secured asset

I recently moved to british columbia back with the family for personal health reasons. There is no jobs here were im located to make the income i was making back in alberta. I sold my snowmachine so I could afford to move and I still owe money on it. How will this affect my bankruptcy? […]

What to tell collectors when they call?

I will be filing for bankruptcy within the next 2-3 weeks. I currently have some creditors calling me. Should I even bother answering the phone and explaining that I don`t have a job and funds at the moment ? S Should I tell them that I will be filing for bankruptcy in 2-3 weeks ? […]

How long will a bankrupty last?

1) How long after filing bankruptcy papers with my trustee will I know if it will be 9 months or more before I am discharged ? 2) If my trustee tells me 9 months, can I be pretty sure that it will be 9 months, or will I get a major suprise 2-3 months later […]

The 10 year period

Hi there, my 10 year student loan period will be up soon and I am trying to have every thing i need before i go to see the threstee. My question is, Is there any proof i need to show the threstee regarding the 10 year period other than giving the phone number of my […]

Consumer proposal payments

If I file a 3 year $350/mth proposal but end up being able to pay $700 per month, I will be able to complete my proposal in 1.5 years instead. Is there any penalty to paying it off early? Also, if it is finished in 1.5 years then it will be on my credit report […]

Declaring Bankruptcy and leaving the country.

I`am a Canadian citizen , I have a debt of 122K in Canada , I`am currently unemployed and I`am planning to leave the country in a few months. If i declare bankruptcy now can I ….. 1. Leave the country before discharge? How long should I plan on staying after declaring bankruptcy? 2. Pay reasonable […]

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