income tax
how many years of in come tax do i lose?
Q&A: Answers to Questions
Most Recent ‘Q&A’ Posts
SPOUSE INVOLVEMENT
I PLAN TO GET MARRIED ON AUQ 20 2006; I HOWEVER NEED TO CLAIM BANKRUPTCY AND I DON’T KNOW IF MY FILING WILL BE DONE BEFORE THIS DATE, DUE TO TAXES BEING PUT ON BANKO, AND AMOUNT NOT DETERMINED YET. WILL MY FINANCIAL SITUATION AFFECT MY NEW WIFES MORTGAGE AND OTHER CREDIT- WE SHE BE […]
Credit card debt
I seperated from my wife and immediatley called the bank and had her name removed from the credit card account, her name did not show up on any further statements. I declared bankruptcy and listed the credit card as a creditor. Now the bank is going after my ex-wife for the credit card debt. Is […]
friend cosigned loan for his ex
He cosigned & put up his SUV as collateral on her loan. she has now filed for bankruptcy and still owes $35,000 on her loan. is there anything he can do? can he declare bankruptcy? there is no way he can afford to pay this back to the bank.
How to have bankruptcy removed before 6 years
I have read on this site about the possibility of having the R9 removed before the 6 years are up. How does one do this and who would we contact to have it completed? In my situation, I was discharged in december 2000 and I have had a secured credit card for 3-4 years and […]
Is it possible to sue a bankrupt?
Hello, I have been making payments on a loan for 1 1/2 years as my ex stopped making the payments. He has since gone bankrupt in June 2006. Would it be possible to sue him for the amount that I’ve paid so far eventhough he is bankruptcy? Or must I continue making the payments and […]
Putting my name on papers for my mother
My mother is about to claim bankruptcy for the first time and has asked if she could put my name on the papers for her house so that it can’t be taken from her. I don’t know what this means, if it is legal, or how it will affect my credit in the future. Is […]
Home Equity – offer to buy spousal share
Hello, My wife has filed for personal bankruptcy. We jointly own our home in which there is considerable equity. We currently have 2 very young children (under the age of 3). The trustee is interested in doing a private sale of her equity in the home to me. What should I offer knowing they can […]
Bankruptcy and divorce
Hello, I am in the midst of a divorce and have been seperated from my ex for a year and a half. My situation is the following: He got my father to co-sign on a line of credit of $100K with only a verbal agreement. He had used close to 1/2 of it and proceeded […]
Would a Consumer Proposal be rejected because my home could be seized?
Hello, I noticed in all the information I have read about proposals , it states $75,000 in debt excluding mortgage. If the creditors are better off in a Bankruptcy because of a debtors home, does mean the proposal would be rejected because the home could be seized? Thanks.