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Q&A: Answers to Questions

Most Recent ‘Q&A’ Posts

Proposal vs. Bankruptcy

A consumer proposal stays on one’s credit report for ~3 years after completion of the payments. Bankruptcy appears on one’s credit report for ~6 years after discharge. If a consumer proposal outcome results in making monthly payments for 5 or more years – the credit report would show the proposal for 8 or more years. […]

question about credit card in collections

I was just woindering , my ex has 3 credit cards, that I am pretty sure are all in collections…can he still get a loan debt consolidation to pay these off? or is it to late?

Do I qualify for bankruptcy?

I’ve always had good credits for many years up until now. My credit cards and line of credit is now max up due to gambling addiction. I’ve manage to quit but now I have huge debt of $60. I was considering debt settlement but I don’t think I can afford the monthly payments since I […]

bankruptcy & proposals

Does a proposal fall under the Bankruptcy Act? Is it part of the Bankruptcy Act? Can a trustee encourage/or discourage a person to go with either choice?

Serving on a Board

I am aware of the fact that a person can not serve on the board of a corporation while being a bankrupt. Is the same true of serving on the board of a non-profit or registered charitable organization?

apealing a decision made in bankruptcy court

Can I appeal a judges decision to not grant a discharge but to continue making payments for another 6 months? I have tried to find an insolvency lawyer in Alberta but cant sem to find one.

Inheritance and Bankruptcy mn

I am mid-way to completion in my bankruptcy with a trustee, and I am only now informed that there is some money coming to me from a trust, the amount would be about half of the dept. This trust was left to my father’s estate, to his descendents. After the executrix, a family member, told […]

Bill C55/Chapter 47

Since the BQ apparently refused to allow fast tracking of the amendments to the above legislation, on May 30/07, it now must go through 1st, 2nd and 3rd readings in the House. Is there any reasonable estimate (or guestimate) whether this is likely to be done before The House adjourns for the summer? I note […]

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