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i have been reading that if you file for bankruptcy or a consumer proposal and your student loans are not discharged you may apply to the courts to retro actively have them discharged when you have been out of school for 10 years. The reason i ask i have filed for bankrupcty and have just […]
Are the changes going to happen for sure in regards to RRSP exemptions in june? I am considering bankruptcy, but am worried of losing my rrsps. I was self-employed but now am unable to work due to illness so consumer proposal is not an option for me.
Hi, I’m just about to be discharged from bankruptcy. If I went to a car dealer would I be able to get a car loan with little or no down payment? If so what (ballpark) would be the extra interest rate I’d have to pay? I have a good, secure job and still own my […]
I recently paid off a Consumer Proposal which had a creditor that will survive (that being for a student loan which is now over 10 years old). I was wondering how long it usually takes before they receive their final dividend and start calling me to collect the rest. I paid off the proposal on […]
I currently have a garnishment on my bank account and my wages at my primary job. For a few reasons, I have decided that I will be filing for bankruptcy early in 2007 and so can’t stop the garnishment. I am currently residing in Ontario, but plan to relocate to Alberta by this summer with […]
I’m due to be discharged in a month. I’ve done all that I’ve been required to do, and am anxiously awaiting it. So far, to my knowledge, no creditors have objected and everything seems to be on course. Do creditors typically object before this point? Just wondering that if everything has gone well to this […]
I was medically discharged from the military due to major back surgery. I currently receive a 50% pension from 25 years service as well as Long Term Disability benefits from private insurance. I know that these proceeds are factored into my formula for surplus income. Question: Veteran Affairs has awarded me 840 dollars per month […]
I am using a credit counselling service for about 2 years . My salary is approx. 3800 a month and my debt was 61,000 initially . My payment was 1000 a month for 4.5 years . I had a 10,000 credit line also . I was advised not to include this with all of my […]
I was reading the bankruptcy law in Canada from a government website .In the legislation it explains who is liable for the debt after filing bankruptcy.Anyone who benefitted from the use of such monies .Regardless if they had any responsibilty for the debt or not.For instance a wife may declare bankrurptcy on her own . […]
Hello, Yesterday we discovered that the resort where we own a week of timeshare has gone bankrupt. We do not know exactly when this occurred, as we have never been notified and there is no one to answer our calls. We had about $13000 invested in this property. Do we have any recourse? What do […]
