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I just declared bankruptcy in Nov 06. This is my first time declaring. I have about 6 creditors with a total amount owing of $80K. I was just notified of a meeting of creditors that has been scheduled. Is this meeting normal or is this something to be worried about?
If a person is sued by a bank for an amount owing on an unsecured line of credit and the bank then places a lien on the person’s home, will declaring bankruptcy remove the lien or will the bank still be able to take the house?
I have had a creditor object to my discharge. Do I require to continue paying surplus income until my court date or should I save this surplus income in case I lose the court challenge. I would assume if I win the court challenge that I should be required to pay these costs to the […]
what happens if i cannot make the payments to the bankruptcy firm that were agreed upon
Can a bank put a lien on my house for the 100g’s I owe on my line of credit because I have been kicked out of my bank? Does the lien mean the bank can sell my house or does it mean that when I SELL my house I have to pay the lien off […]
I am the director of my incorporated company. It is almost inevitable that I declare personal bankruptcy. The company has no assets and no monies owing to CRA. GST is up to date. None of my debts are a result of the company. I was informed that I could have a company but I could […]
I have been unemployed since March/06 and all my credit cards had been turned over to collections. Finally, in beginning of November i filed a consumer proposal offering one time upfront cash settlement with help from my parents. I have now got a job which will start in January/07. as i have not heard anything […]
My question is whether I can declare bankrupty outside of Canada and who should I contact? Also can my credit be ruined in the other country if I have not been paying my bills in Canada? I have not been able to meet up with my bills since I graduated and I would like my […]
What is the criteria for filing bankruptcy? Is there another solution to the problem? If executives have signed a personal guarantee, what does bankruptcy meen to them? Are the executives of a company responsible for more than other shareholders?
I have over $100,000 in fines personally due to charges of failing to remit PST forms for my corporation. I am considering filing bankruptcy for the second time, will I be able to eliminate the outstanding fines ?
