small business owner
How can I pay the taxes for a small busines when I hardly make enough to live every month let alone save for the yearly income tax. Can I claim personal bankruptsy as the stress is killing me?
Q&A: Answers to Questions
Most Recent ‘Q&A’ Posts
mortgage and bankruptcy
If we file for bankruptcy, will our mortgage be covered ? Do we have to sell our home ?
Mortgage Co-Signers Liability
What happens to a co-signer on a mortgage if the mortgagee goes bankrupt??
Negotiating with a collection agency
Do i have the ability to negotiate with a Collection agency on the wording of how a settlement will appear on my credit report? I would like to have the wording appear as “paid in full” regardless of whether the settlement is less then the full value. Is this something that the credit agencies allow […]
What happens to your home??
I have just recently purchased a home and find myself in financial turmoil. There is no equity in the home. What can I do to ease all these debts without jepordizing my new home???
rrsp safe who decides??
My mom has been ill for several years, the only asset she has is a rrsp (about 70k) which has been invested in an insurance company for over 15 years, i am the beneficary. Everything i have read says that they seem to be “creditor proof”. I went to see a trustee who says, i […]
Is cash gift considered income ?
If during bankruptcy I receive $5,000 gift from a relative, would that money be considered income and “surplus income” would then occur?
Dealing with debt from overseas
I have a substantial combined debt in excess of $75,00, most of which is student loans of one form or another. I am a Canadian currently working and living in the UK. I was able to keep up (barely) with my loan payments for a while, but then ran into a series of serious financial […]
Bankruptcy and how it affects your partner
My boyfriend claimed personal bankruptcy and has not been discharged. We are now going to be married. Will this affect me in any way after we get married?
force business into Bankrupcy
I was doing some conulting work for a company that now owes me $15,000 and is trying not to pay. They also owe about 75K in outstanding payments and have recievbles of about 20K – they have not paid suppliers for well over 90 days — how can all the suppliers force a bankruptcy before […]