Parents co-signed student credit line
I read that a spouse that co-signed is legally responsible and so bankruptcy would affect him/her. However, does that apply to ALL co-signers, such as my retired parents?
Q&A: Answers to Questions
Most Recent ‘Q&A’ Posts
Bankruptcy and loan.
I have a consolidation loan, in which personal items are used as security collateral. If I go backrupt, what will happen in that situation? Will I lose the items even though I don’t have some of the items anymore. Thank you in advance for your time.
credit cards too much
I currently live in Thailand and I have used all of the money off of my credit cards ($65000 over the last 2 years) for investments over here which have gone sour. I lost all of the money and I can’t pay it back. The credit card companies are calling my Canada phone # non-stop. […]
Protection Order
I have joined ownership of properties other than with my spouse. My spouse may claim bankruptcy, how do I protect these properties?
Creditor oppese?
I tried business in uk last year and send 40000$ to there and busines went down in 7 month and i dont have job here and have some debt 45000$ personal e.t.c If i file bankrupcy it will work for me?
Household furniture and Bankruptcy
I bought furniture for my house in November 2006 charging 3200 dollars to a store credit card’s deferred payment plan. I paid the taxes and the delivery charge (about 550 dollars). The problem is that I may have to declare bankruptcy soon. The reason for the bankruptcy is my unemployment since February 2007. Will the […]
RESPs and bankruptcy
Can my kid’s RESP be seized by creditors if I declare bankruptcy?
Bankruptcy and Pension
I have been considering bankruptcy for approximately a month now. I have recently quit my job and moved cities. I have the option of taking a cash payment for monies I’ve contributed to a pension fund. I plan on paying off a rather large automobile repair that I had to have done, the rest of […]
Joint ownership of Property
What happens to personal property (land,farm.cottage and house) which is in joint ownership with someone other than the spouse if I decide to go bankrupt? I understand what happens with the family home as shown on FAQ’s.
Inheritance
If I claim personal bankruptcy and during that time my elderly relative dies and I receive an inheritance far in excess of what I owed to creditors, what are the implications for me?