Mom needs help
My mother-in-law rents the basement in my home. She has a large amount of credit card debt that she cannont afford to pay. She is retired and her pension is her only income. What happens when a senior claims bankruptcy?
Q&A: Answers to Questions
Most Recent ‘Q&A’ Posts
Bankruptcy for Relationship
I am going to be getting married in a few months and one of the conditions that my fiance and I have come to agreeance with is for me to file bankruptsy, his credit is in good standing and currently I am a stay at home mom for our 2 month old baby. I was […]
Student Loan
I have an outstanding student loan that I have not made a payment towards for over 6 years. I left an abusive relationship at the time and I am now struggling with MS. That has forced me into not working. I am aware of the the 10 year rule on bankruptcy and student loan debt. […]
Do surrender or not?
I have a vehicle that I leased to own (due to poor credit at the time) and I’m into year 4 of the 5 year lease. The vehicle I have is very very very expensive to fix and I am two payments behind. I cannot afford the payments, they are too high and can’t be […]
Insurance claim settlement
I was involved in a car accident in 2004 and went through a lawyer to resolve a claim for me. I heard back from him recently asking for an update to my income loss since the accident. If I file for bankruptcy in the next few months and a settlement comes through pertaining to the […]
contemplating a consumer proposal
I’ve just started to read up on consumer proposal.It seems like a good option for us but I have a few questions.We are common law and not legally married,but have been together 13 years and have 2 kids.We also have our mortgage together.Are we able to do this together as a couple?Also will this affect […]
LESSER OF 2 EVILS
I am going crazy trying to decide on a proposal or outright bankruptcy. Besides being able to look yourself in the mirror everyday, what is the point of a proposal. You’re going to wind up on the same list, so why not completely clean up your mess? Are trustee fees different between each option?
PROPOSALS AND INCOME
If I do a proposal, how long do I have to submit changes in income. IE: If I get an increase in income how long down the road do I have to declare that? Do I have to do this for the entire 5 year term?
Adding to my bankruptcy five months later !
Hi, I declared bankruptcy 5 months ago, Now I am cutting cost as much as possible and I wanted to cancel my satellite service, I was told I would be charge a cancellation fee of $450.00 ( $150 per receiver I have ) now can I add this $450.00 to my bankruptcy? I am NOT […]
Outstanding taxes and other questions
I have accumulated almost 30,000 dollars in debt from Revenu Canada and Revenu QUebec. I also owe an additional 5000 on this year currently filed returns and GTST/PST – to which i have not received a notice of assesment. If I declare bankruptcy will all of my current debt and the 5000 that is due […]