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I will try to keep this short, though it’s a long story. My ex-wife declared bankruptcy some time ago. At the time she hadn’t quite married her now second husband. I am also the sole inspector on the estate. Long story short, her debts at the time: – she owed me a $22,000 bill of […]
I am embarassed to say I have been forced to claim bankruptcy because I cannot possible pay the property settlement imposed by family court in a divorce case. I never had any money problems until she wanted the divorce. I live on my pension and have had to claim bankruptcy. The major creditor is my […]
Can Canada Pension Plan and Old Age Security benefits be garnished or are they exempt from from the bankruptcy process?
if we get a consumer proposal in place to get control of our credit card debt – can the terms of this agreement change?? ie if we sell our home – do the proceeds get garnisheed by the creditors in the proposal or can we choose to pay all or some of the debt off?? […]
If i return my leased vehicle 6 months before the end of the term – the lease no longer becomes secured right?? Can the balance owing to the lease company then be considered un-secured debt to be included in a consumer proposal with my credit card debt?? I will owe $12,000 at the end of […]
In a bankruptcy – I understand that if you want to keep your home – you have to pay the trustee the amount of the available equity in your home – so that he may distribute it fairly to the creditors. Is this the same for a consumer proposal??
We are cash poor and property rich. We have substantial credit card debt that we cannot get a debt consolidation loan to pay off. We are selling our home when our last child is in college – 1 year from now. (There are several other personal reasons that we can’t move until next year) As […]
In year 2000 we negotiated a business line of credit, things were going great for 1.5 years with one account manager. Because of restructure within the bank – our account was passed over to more than 6 different managers within a 6 month period. the last manager informed us that the original manager had made […]
I’m trying to avoid bankruptcy and am considering a consumer proposal to negotiate credit card debt acquired because of a failed business. With a proposal – I will be able to handle the credit card payments. The problem is my vehicle lease -the vehicle was acquired and paid for by the business, – the business […]
What happens if my bankruptcy is extended and I cannot or refuse to pay.
