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I went bankrupt, went through the nine months period, and now i am paying back a pre-determined amount, based on suplus income, and approved by a judge. Once i pay this back, i will be fully discharged. most of my debt was GST and income tax, which i did not pay regularly when i was […]
Once you are discharged, how long does the record of your bankruptcy remain on your credit profile. Is there anything you need to do to have it removed at that time. How does it affect your credit rating in the last few years of this period. These questions are all assuming a successful discharge and […]
I am considering personal bankruptcy and business bankruptcy – due to substantial business losses from our retail store. The business bankruptcy to wipe out the business debt and then the personal bankruptcy to stop creditors from suing us personally as we don’t have enought assets to clear up the debt. However – we have a […]
After researching your blog I noticed there is a lot of uncertainty as with creditors making a fraud charge to people who file bankruptcy that have used their credit card for whatever reason wether it be a month, 2 3 months or a year or more before they claimed bankruptcy. I noticed a post where […]
We had a meeting with a trustee. She has advised that the probability of our proposal being accepted looks good. It works out that the creditors will only recieve roughly 30cents on the dollers owed. I hope this will pass as it will be much better for me than a bankruptcy. Does this sound unusual […]
What happens if you don’t declare bankruptcy or submit a consumer proposal? I could change banks and have an unlisted phone number. What happens if this debt never gets paid? Do the creditors ever give up and consider it(not collectable)? We don’t ever want to use credit again. For this reason,we consider our credit rating […]
Now my husband and I have been trying hard to get out of bankruptcy for some time now. We owed $2800.00 (paid) to the bankruptcy company we went through. Then we both had to pay $6500.00 each. We have been paying it monthly as we have a large family. My husband called today to ask […]
I am thinking of declaring bankruptcy due to loss of income. I have been unemployed for 6 months. I currently have three credit cards in my name plus a line of credit and overdraft at my bank. Total debt is approx. $24,000.00 I also have joint credit cards in both my name and my husband’s. […]
I took your websites advise and met with a trustee. After 2 hrs, she sent me to home to contact all my creditors to seek a months grace and basically told me to contact her or her office when I became employed again. Do you have to be employed to claim? I am on MB […]
Hello, We have been bankrupt since May, 2006. I was recently in a vehicle accident (at no fault of our). I just received news today that my vehicle may be written off and a settlement with us will take place. My question is this, If the insurance company writes us a settlement cheque, will it […]
