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My husband and I are considering doing a joint consumer proposal. He makes roughly $70,000 annually, in the last year I have been unable to work outside of our home due to depression but I do odd jobs and have made roughly $8,000 last year. We have approximately $185,000 (at present) in unsecured joint debt […]
What will happen if most of my debt is from my line of credit at the bank and visa
We live in Ontario. We believe that we have no choice but to file bankruptcy. We owe over $40,000 in credit card debt and cannot make the minimums. We have a mortgage of $236,000 as well as a lease from Chrysler Credit. We have 2 main questions. First, there is only 1 year left on […]
Me and my wife jointly own a Canadian Controlled Private corporation in business for 7 years with significant assets. I own 40% of the shares and she owns 60%. Both of us are employees of the corporation. I’am the director of the company. The paperwork and the accounting are clear for the corporation and all […]
I have been laid off my full time job, I am able to get part time work but the wages will not be enough to cover all my debts, rent and utilities. I don’t realy want to file for bankruptcy as I have a van making payments to a bank and need the van for […]
I have recently lost a family member how I have discovered has no will and in bankruptcy that the terms were not honored. This person has nothing of value except a house which is morgaged and has no equity in it. What should I do as I am looking after the estate.
Over 20 yrs ago my ex and I declared bankruptcy related to business losses and the recession. Now I find myself in a situation where this is most likely my only way out again. I incurred several thousand dollars in student loans almost 10 years ago. Was ill at the time and although trying to […]
I cashed out my RRSPs a little over a year ago in order to pay my father back for a loan that he demanded payment on. Now I think I need to declare bacnkruptcy. Will my father have to be contacted to confirm that I paid him this money? Will he have to give it […]
When my parents downsized from their family home to a condo, they allowed me to take many large furniture items for use in my home. Technically, they did not give them to me and I am just using them although eventually some will be mine and some will be dispersed amongst my siblings who currently […]
Hello, I just completed my taxes for tax year ’06, but didn’t actually file them yet. My husband and I are planning on filing bankrupty at the end of this month. The results of the tax return are I owe the cra 4000.00 and he is owed a refund of 2500.00. Should we use his […]
