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Q&A: Answers to Questions

Most Recent ‘Q&A’ Posts

Sears debt in bankruptcy

I was planning on filing for bankruptcy in December. I am the secondary cardholder. Sears has just informed us that secondary cardholders will no longer be responsible for debt on the card after Nov 1 (no longer a co-borrower but an authorized user). Even though I will no longer be responsible to Sears for any […]

Sponcering someone

I am thinking of filing for bankruptcy, but my husband and have have an application out to sponcer his mother to come to Canada. Will it still be ok to sponcer her?

paperwork/accounting

I will have to personally declare bankrutcy soon do to the amount of GST that my company owes, my question is that the goverment keeps sending me letters asking for different reports but since I am financially strapped I stopped paying my bookeeper, will all my paperwork have to be in order when I file? […]

car

can i get a car loan while still in bankruptcy

cannot afford bankruptcy

I owe EI over 10,000 dollars plus other bills. I have not worked for over 2 yrs. I have a joint account with my friend/ what should I do??I can’t afford bankruptcy because I have no funds. I need help

Blocking Creditors

If when served by a Statement of Claim – I hired a Lawyer to file things to block and delay the creditor from obtaining Judgement – Could that hurt me in a Bankrutcy proceeding?

Bankruptcy – what constitutes “unusual activity”?

In one of your recent answers you stated: “A trustee will immediately review the last 3 months in absence of anything unusual.” What constitutes unusual? Would gambling fit into this category? Thanks for your help.

Misinformation?

Recently, I went in to a trustee and was looking into proposal vs. bankruptcy. After reviewing my debt, my trustees informed me that I am better off doing a proposal being that I would be repaying close to 50% back to my creditors. I also inquired about my Visa, as I would like to be […]

Bankruptcy

I am newly separated, and my ex-husband pays most of the debts other then my vehicle and a credit card, I have fallen behind on everything, and bills are adding up. Can I claim bankruptcy even though I am only a secondary on our debts? My debts and ex-husband are in another province, does this […]

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