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Q&A: Answers to Questions

Most Recent ‘Q&A’ Posts

Bankruptcy/student loan/ property lien

My husband has an unpaid student loan that was owed before we were married over 18 years ago. The interest has doubled the original value and there is a lien on our house. He has always had difficulty managing money and also has some credit card debt of his own as well (I think we […]

Locked in LIF $ and Bankruptcy

Am I correct in thinking that my locked-in LIF money cannot be touched in bankruptcy proceedings? Also, is the minimum payment I’m required by law to take every year from my locked-in LIF money considered income? Thanks so much for any info you can provide.

ontario bankruptcy

my husband is in bankruptcy for months. there is someone who is willing to pay his debt while in bankruptcy is this a possiblity for him in order to get him out of it sooner? thank you

Student Loan and debt relief programs

My credit score has been affected by miscommunication with student loans. The provincial one is up to date and it has very easy access to information. However; the federal one has been difficult. They have not given me access to information about my account. I was only to send a void check, which I have. […]

Section 178

How does one go about filing an application to the courts to have student loans discharged under Section 178? My loans are over 10 years old and I was thinking of attempting to file an application to the courts before proceeding with a bankruptcy? Is there a special form, where can I get more information? […]

House

Hi, Quick Question. My ex common law girlfriend and I had signed a mortgage together, we’ve seperated and I am now residing in the house awaiting the mortgage to be put into my name only . She has just now filed for personal bankruptcy. Will this affect my credit since both of our names are […]

concerned mother

Hi: Could you tell me if money owed to family maintenance could be wiped out by declaring bankruptcy? I understand taxes are but not sure if family maintenance is. A family member is caught between a rock and a hard place. The monthly rate is far in excess of his income and any time he […]

RE: Credit Bureau Reporting

Thank you for posting your comment to my question. I believe Manitoba requires that the trustee send a report about the bankruptcy to one of the anti-consumer, American-owned, negligent credit reporting agencies in Canada. I resist using the word BUREAU as I feel this eludes to government which is so completely wrong and deceiving. If […]

Corporate Bankruptcy in Ontario

My husband & I opened up a company in Dec.’03. I am the 100% shareholder, president/director & secretary. This company is registered with on a First Nation in Ontario. He is an employee. We seperated June ’05 and are no longer working together. He has since run the company into the ground. We currently have […]

A Double Bankrupt

My husband long before i married him went bankrupt on his own…then unfortunately in 1996 we went bankrupt once again. Mine has been cleared as it was only 1 but my husband,s hasnt as he had 2 of them. The thing is he has a few credit cards and also a personal loan but when […]

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