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Most Recent ‘Q&A’ Posts

Builders Lien – Bankruptcy

We have a 1st and 2nd mortgage plus owe $10,000+ for a cash back incentive. (Cash back sum not registered on tittle). We also have a $12,000 builders lien on tittle. There is not enough equity to pay all the above. Upon sale, will builder get his money and we will then owe the bank […]

Under pressure

I have almost $27000 of debts. i have bought my house in calgary when prices were high and due to special assesment in my condominium that will come to almost $15000 i was unable to sell my condo. I have been paying all my creidt cards regularly and also my mortgage payments. i have bought […]

Spouse`s Money

If my wife has money in a seperate bank account of which I have no access to, what will happen to it if I file for bankruptcy

cell phone

Since my cell phone is my home phone will I be able to keep it when I apply for a bankrupcy?

student loans/co-signed and uncosigned

If I go bankrupt, in two years, when the student loan rules change, I will have one loan that has been cosigned by my dad and two loans that are not cosigned. They are all student loans. What happens to the loans that are cosigned?

Kymbo Tours, Inc

Has this company entered bankruptcy in Canada? (also know as K-International Tours)

Separation and Joint Mortgage

I am considering separating from my common-law husband and moving myself and our daughter to a different province where my immediate family is located. WE currently have a mortgage together and our home has approx 30K in equity. I will have no income and will be supported primarily by my parents until I get settled […]

New laws

I have student loans that are 8 years old. I am waiting for the new bankruptcy laws to come into force. What is the usual time for the new law to come into force? Is there someone in the government that we can contact to exert pressure?

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