line of credit and personal bankruptcy
can i claim bankruptcy with a line of credit
Q&A: Answers to Questions
Most Recent ‘Q&A’ Posts
debt management service
I have been paying my creditors through a counselling service for more than 2 years ,with 2 years left.I have never been late and I have no problem paying the amount . I owe to separate accounts to one creditor.One a Visa Card and the other a credit line. I haven’t heard from any creditors […]
Bankruptcy Court
I have a question about the Courts in Canada . I have been out of work for more than a year . The credit card companies in which I have credit are threatening to take me to court.One has already served me papers.I have a court date four weeks from now .I don’t have any […]
In your experience
Hi I am considering a consumer proposal and will contact one of the trustees provided in your link section very soon. In my situation the majority of the funds is with one bank (CIBC). I cannot stop thinking of how the bank would let me keep on with my mortgage with them, when they are […]
considering bankruptcy-what is included as income
I am at the point that I may need to claim bankruptcy .I am curious if my structured life annuity stemming from a car accident settlement years before is included as income. I receive a monthly payment deposited directly into my bank account. The amounts I receive per month are not claimed on income tax, […]
Should We Go Bankrupt
Me and my girlfriend perchased a house in August. We had a hard time getting approved but finally we did. Our home cost us $129,000. We have alot of debt and just have enough to make ends meet. In January I found a big problem with the house. All the subfloors are rotten and we […]
bankruptcy records
Is it public record when someone has declared a personal bankruptcy in the past ? Is it possible to find out if someone has ever filed without spending a lot of time and money searching ? I have read an earlier post that you can search for a corporate bankruptcy .I am interested in a […]
Credit after discharge
Which financial institutions are more open to granting credit after someone is discharged from bankruptcy?
2nd bankruptcy
If you have already had a first bankruptcy, and your credit becomes unmanageable, if you have mental illness, what happens when you go bankrupt again?
buying a home in Canada after bankruptcy
I was released from bankruptcy in 2001. Since then I have obtained a secured credit card and maintain monthly payments on time. I also have established an RRSP/GIC for $6800. In an attempt to restablish my credit, I took out a small loan with a co signer and have repaid it. I have been with […]