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Hi, I would like to know if secured debt can be erased? I have some secured debt: a car loan and a personal loan with my tv and stereo used as collateral. I would like to know what happens to these assets? Do I lose them and owe the rest of the loan minus the […]
My husband was unemployed for 4 months and we are currently playing catch up on bills that seem to never end. To the point where our electric is going to be cut off and we have 2 kids, 4yrs and 8 months. We have already consolidated a large loan from citifinancial and I am currently […]
I am in a consumer proposal with a trustee, if I am going to file bankruptcy in another trustee, in other words, switch to another new trustee, am I allowed to do so?
My husband is thinking about declaring bankruptcy. We have a house that we bought 2 years ago. The $10,000 downpayment was given to me only as a gift by my parents (like a living inheritance) and the Gift Letter was filled out in my name only. Is this downpayment and my 1/2 of the equity […]
Actually I have a couple of questions. 1. If I claim bankruptcy and ICBC has a judgement against me before this, are they included in the bankruptcy? 2. If I claim bankruptcy and CIBC (VISA) are owed moneys, would they be included in the bankruptcy? I would love to tell my story regarding these matters […]
My spouse has been off work for 4 years and is receiving an LTD benefit each month. The insurance income is non-taxable (she paid her own premiums — not the employer) and therefore she does not report it as income on her yearly Income Tax filing. She also receives approx. $900 in CPP Disability per […]
My brother has been in bankruptcy for many years (8 years+.) His trustee will not return phone calls and he really wants to get working on getting out. He never followed through with his obligations but is ready to do what it takes now. How can he move forward if his trustee will not help […]
If I declare personal Bankruptcy in Canada, will it affect me or my credit while living in the USA?
My disability social assistance payments are being reduced to recover a past overpayment. Can this `recovery` continue once I submit for bankruptcy. Should the money collected after i filed be returned to me? or the trustee?
if the executives have signed personal guarantees, what does bankruptcy mean to them
