Co-signing a loan
I received an absolute discharge on my bankruptcy in May of this year. My son who is 18 and is currently working at a full time job is seeking a co-signer for a car loan. Am I able to co-sign for him?
Q&A: Answers to Questions
Most Recent ‘Q&A’ Posts
My ex is considering bankruptcy
My ex and i have been seperated for over a year now. We bought a house together and it is still in both of our names but i have been making the mortgage payments. We also have a consolidation loan so that I can afford to pay all the bills in our names. So i […]
BANKRUPTCY OR PROPOSAL
Firstly, can you do a proposal if your only income is EI (MB)?? And secondly, how can you avoid bankruptcy if your bills are 2K while your income is 1K ??
GST refunds & RRSP?
My bankruptcy ends today – HOORAY!! HOORAY!! It really wasn’t as bad as I imagined, but what a relief to have it finally over! I was just thinking this morning about my GST refund. Do I start to get it now, or will it continue to go to the trustee, until I file my taxes […]
corporate bankruptcy
Can i file bankruptcy for a corporate company that i was the director of? Would that still effect my personal credit etc?
Universal Child Care Benefit
Should the $100.00 per child benefit that is now given to parents be considered income for the purpose of a bankrupt’s monthly income/expense statement. If so, which partner claims the income? Do you claim 100% of the cheque? A bankrupt’s income is based on net income, and no income tax is deduct from the amount […]
bankruptcy mistake
5 YEARS AGO I FILED FOR PERSONAL BANKRUPTCY AS THE BUSINESS WAS UNDER SOLE PROPRIETORSHIP. NEEDLESS TO SAY I NEVER DID HAVE THE MONEY TO PAY FOR THE TRUSTEE AS THERE WAS NO MONEY. IT SEEMS LIKE EVERYTHING I TRY AND DO IN MY LIFE, I HAVE THIS MONKEY ON MY BACK. REVENUE CANADA TO […]
Marital Home
My husband is considering bankruptcy. He has no assets but we own a family home. The house is in my name and the mortgage is only in my name (due to his bad credit). We have some, but not a lot of equity in the home. Although the house is in my name will I […]
House ownership
What happens if a relative holds the whole mortage on your house,and the house is in your name ,but you have no equity in the house, what are the laws pertaining to filing backruptcy in Ontario, in that situation?
Buiness partner
Has controll of company and will not pay debts. Can I go bankrupt for personal potection.