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Most Recent ‘Q&A’ Posts

Locked-In RRSPS

I have rrsps I cannot access because they are locked-In. Is there anyway Licensed Insolvency Trustees can access this money to pay creditors in lieu of going bankrupt in NS

Already bankrupt

the credit bureau has demanded a payment on my debt by my husband it was an Xtra Cash advance company and they say because the cheque was drawn on a joint account,& he has to pay but no where did he sign or accept the debt. Is he still liable?

how to not harm co-signer

I would like to file for bankruptcy but there is only one thing that troubles me. I have a 34,000 dll veicle that Im paying for, but I dont want my co-signer to be “harmed”. I have probably payed about 4 or 5 thousand dlls, I dont really want to give up the veicle. so […]

CCRA Audit

I have just recevied the results of a 2 year Audit of my business affiars – I beleive CCRA is wrong – However I do agree I owe them money – just not as much as they suggest. My question – what duty do I have if I plan to cliam Bankruptcy anyway to fight […]

ex-spouse files bankruptcy, intial mortgage signed by both parties

At the time of divorce, six months ago, my ex wanted to continue living in our home, so he took another mortgage under his name (solely) and paid off my portion to me. He is going to file bankruptcy now. Is it going to affect me in any way since the initial mortgage was signed […]

need help!!

I am a single mother of three. I graduated in 1999 from a nursing program and worked from 1999-2003 when I had an injury and could not return to work. My income has NEVER been over $21,000 annually and I have been sole support for three children (since their births in `92 and `94 (twins)). […]

Spousal help in a Division I proposal

When I make a Division I proposal can my spouse agree to make part of the payments as a loan to me? I owe about 170,000 and make about 1400 dollars per month.All the loans are in my name only. With that kind of income I probably cannot make a Division I proposal on my […]

Spousel bankruptcy

My husband has a huge amount of credit card debts and possibly other miscellaneous debts that I am not aware of. We have not separated yet and have a house and line of credit under both our names. I am aware that his share of the house will be paid towards his creditors after he […]

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