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I filed bankruptcy last December. I did have student loan which was less than 10 years. Until December, I was only able to make payments to student loan not the credit card companies. Since I filed bankruptcy, student loan payments stopped and I started making income surplus instead. I recently found out that these payments […]
we do not have enough income to cover our heavy debt load, nor to do a consumer proposal. however we are trying to liquidate assets to pay off un-secured credit card debt. As the assets are sold we pay off the highest credit card debt first. How long will the credit card companies wait before […]
Hello, I would like to make a consumer proposal to my creditors. I left my job about six months ago to attend college. I made many cash advances from my credit cards during this time, expecting my husband to help me pay back my debt. Now we are separating. I have started looking for a […]
I’m considering a consumer proposal. I owe about $65k on credit cards and lines of credit. I don’t have a steady job currently, although I expect to have one in the next few months. Will my creditors refuse my proposal if my income isn’t stable, or my job is new? If so, could a family […]
I have recently separated from my wife. While we could pay our debts together, I’m not able to pay my share by myself. I would like to know whether computer equipment is exempt in Ontario. I read about household items and “tools of the trade” being exempt, but I’m not sure if a computer counts.
My son claimed bankruptcy in 2005. He had an amount of money owed to Ontario Legal Aid, and they where included as part of the dept owed. The bankruptcy was final in 2005 In 2007 my son again had to apply for Legal Aid, and they would not issue him a Certifacte to get a […]
Can I go to University as an undischarged bankrupt? I’ve been awarded a partial scholarship, and I have relatives who are willing to pay the rest of my tuition. Can my creditors try to seize the scholarship money, or the funds that are paid for my tuition?
My bf was due to be discharged feb. of 05 but his last payment was some how never received.He had moved so he didn’t know until he filed his taxes for the years 05 and 06 and was told his refunds were being held.He contacted his trustee and was told he had one payment of […]
What happens if an inheritance is received during or after the bankruptcy period
My parents have found themselves in some serious credit card debt. They are 74 years old and do not have any assets…are they eligible to file Bankruptcy?
