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Hi, In your experience, do people have trouble puchasing or leasing a vehicle after a Consumer Propsal as been completed? I have a good job and my payment history on my previous vehicles as been excellent (never missed a single payment). I am a very stressed at the thought of going to a local car […]
What happens to a secured loan, in this case a 5th Wheel Trailer. It was purchased two years ago over a 15 year period. I have never missed a payment on the loan. Will this be included in my bankruptcy or will I be permitted to keep it as long as payments are made?
I am likely going to declare bankruptcy, my wife is not. We have a couple of minor debts, (credit card, automobile loan) in which she is the main debtor and I am a secondary debtor. We understand that these debts will remain hers, and she has no problem continuing to pay them. I would just […]
I have been living with a guy for almost 3 months now…he is having financial problems and is considering bankruptcy. I currently rent an apartment and furnished it all myself and have not received any funds from him towards the rent, bills or groceries due to his financial situation. I want to know, if he […]
Is it possible to pay off a consumer proposal early. My spouse and I filed a joint proposal and there are several months left on it. I am considering filing bankruptcy but do not want to include my spouse. Is it possible to pay off the consumer proposal ahead of time and then file for […]
My mother and her brother-in-law co-own a duplex. The mortgage is paid. My aunt and uncle (the brother in law) are heavily in debt and want to declare bankruptcy. What happens to a house that is co-owned with a third party?
I am in Saskatchewan. If I claim bankrupty I understand that I can retain certain amounts of personal assets and assets required for my self-employment. It is also my understand that the amounts I am permitted are the value of these assets if sold in a garage sale, etc. How do I determine the amount […]
I note that in the case of a proposal to creditors, family disposable income is considered for the debt repayment schedule. However, my spouse contributes nothing to the household expenses. Instead, she provides the means to may off one of my on-line of credit that was used to settle her debts, as well as paying […]
I am not yet in default on my debts but I’m concerned that I might be soon. If I seek guidance from an accredited Trustee, would they pass on information about my current financial circumstances to one the credit bureaus, or would they be legally bound to keep the information to themselves until I either […]
When considering total consumer debt, does a home equity line of credit consitute a mortgage or a line of credit? I ask because of the limit of $75K when considering a propsal to creditors.
