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Most Recent ‘Q&A’ Posts

Family Debt

My sister in law has money from the sale of her home. She owes family members money that she had to borrow to stay alive. She wants to pay them back now but I know eventually she will end up going bankrupt .She makes all the minimum payments each month on all credit cards but […]

What will happen to my rental home

I have about $8,000 equity on my rental home; but I also has a lien of $5,000 on the same home. Can you please stell me what will happen to the lien of $5,000 and my rental home if I decide to go bankrupt ?

Meeting Obligations

If you have met all of the obligations as a first time bankruptee but one of the reasons for your bankruptcy was gambling, what are the chances that your discharge from bankruptcy will be extended beyond the 9 month stage, and how long will it likely be extended for? (Obligations met also include attending counselling […]

Credit Card

I was forced to declare Bankruptcy due to a single overwhelming debt. Obviously all of my creditors have to be involved and lose their money. I have a credit card for which I could easily handle the debt and to be honest would like to pay them. If I did not pay them I would […]

broke

can i bankrupt spousel support

house rent

Hello, After declaring bankruptcy, will my unpaid house rent will get discharged?

everyone thinking of filing read this.

I had a huge CRA debt and they garnished my pay check, seized my bank account and made my life miserable. I worried constantly for 3 years. The phone ringing scared me … I was terrified of the mailbox and I felt like I was going to fall into a huge hole of despair. Reluctantly […]

separation vs divorce

I am separated from my ex husband but not divorced. He plans on filing for bankrupcy. Could the trustee seize some of my assets

What to expect

I`m trying to get a start in life and even though I`ve been told to file bankruptcy, I`m scared and little embarassed about it. I would like to know what to expect when I file. I owe about $120,000 to various credit cards. The majority of it was taken out over the past 11 months […]

Filed ..now what can I do?

I filed for Bankruptcy this week. Other than a large Rev Can debt I am doing ok fiancially. My monthly payments are manageable and leave me with some disposable income. My questions is …. I want to start planning for my financial future by opening and RSP. Can I do this while bankrupt or do […]

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