student loans
if my student loans are gone to a collection agency, will they be wiped out when i go bankrupt?
Q&A: Answers to Questions
Most Recent ‘Q&A’ Posts
Medical settlements
I recently claimed bankruptcy and have just found out that I am entitled to a permanent injury payout from workers comp. I was unaware of this payment when I claimed bankruptcy. The claim is not yet settled, but when it is, is the cheque to be turned over to the Licensed Insolvency Trustee or is […]
What about our cars?
Myself and my husband both have cars. Mine is a 99 sunfire still owing $4000 on it. My husbands is a 98 monte carlo still owing $5000. What happens in a personal bankruptcy?
oustanding debt while in bankruptcy
I recently filed for bankruptcy and did not include my coporate amex card in the bankruptcy. I owe money on it and can not pay it. My company does not cover the debt, I am responsible to pay. My discharge is not scheduled to happen until June 2006. Amex canceld the card recetnly and sent […]
Evaluation of Goods?
When I declare bankruptcy and turn over items that are not exempt, mostly jewelry, how is it valued and does their estimated value help defer the Trustee’s fee? Subsequently how are the clothing and household goods that I keep valued? Most of my furnishings are 5+ years old. Thanks
small claims
if i am a single mother, and they garinshee my wage by thirty percent . plus an aditional fee to get a new order every two weeks. what can i do about this ?this is a small claims order , will going bankrupt cover this debt ?
On Works(welfare) awaiting ODSP(disability).
Almost 2 years ago I lost almost all my $$ in a small business start-up. I went through a magor depression which exacerbated my underlying health problem and I am unable to work now. I owe $20,000 in credit card debt with no way of paying it. If my health improves I may be able […]
injury settlement received after filing bankruptcy
I received a cheque from WSIB for a permanent injury to my back that is work related. I was totally unaware that this cheque was coming. Is this cheque to be turned over to the trustee of my bankruptcy or am I able to keep it. The injury claim is not closed and is to […]
cancelled debt?
Can a debt be cancelled automatically?
Waiting Not to go bankrupt!
I am currently unemployed and on EI benefits till September. I have unsecured debts of $50,000.No other assets except I have RRSP of about $8000 (contributed over 2 – 5 years ago). if i wait till after June 30 this RRSP will be exempted. My 2 questions are: 1) what is the likelyhood that the […]