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i am co-owner of my daughters vehicle as she needed me to purchase her first vehicle. there is no equity in the vehicle, the registration is in both our names. if i go bankrupt and she continue to make the payments and keep the car. i already own one vehicle it is worth less than […]
I had claimed bankruptcy in 2000. i was discharged in 2000 as well. however, since then i have been co-signer to my commonlaw spouse at the time. We have been separated 10 1/2 months. The vehicle has been repossessed. He wants to claim bankruptcy –how do i avoid doing it as well and if i […]
I own a Ltd Company. I own 45%, my father 30% and mother 25%. They have no involvment in the company. Only on paper. If the business declared Bankruptcy how could they be affected? I have my personal guarantee on two demand loans at the bank. My parents names are not on these or any […]
I live in nova scotia. A credit card company has put me into collections. They are likely going to try and garnish. The problem is that there is a dispute about the debt.In fact I do not owe anything to the card company.I did not use the card or sign it. It was my ex […]
I looked at what was exempt in my province if I choose to go bankrupt.You are allowed to keep approx 5000 in my province .With bankrutcy ,I can keep my personal belongings up to the 5000.If I dont declare does it mean my things can be seized. I have nothing of any real value .I […]
If a person goes bankrupt, gets discharged, six years pass, and it goes off the credit record, is it then like you never went bankrupt? In particular, is anyone allowed to ask you if you’ve ever been bankrupt (on an application form or such) and treat you differently if so? If asked, and it’s off […]
Dear Sir/Madam, I declared personal bankruptcy for the first time in March 2005. I have made all due payments every month (trustee fee in total) and was told I will be discharged by December 2005. (I was jobless for most of the duration and only worked less then 2 months and I was not asked […]
I am in an usual predicament .I have read several interesting posts on the finacial responsibilty of a supplemental card holder. I gather that if you did not use the card or sign you are not liable. I am in a similar situation but with a twist.Two years ago I signed for a supplemental card […]
(Manitoba) My daughter is 21 years of age and over the last 5 years she has amassed about fifteen thousand dollars of debt. Most monies are owed to Autopac (uninsured accident), a mail-order book club and cell phone usage. All of her debts are at least two years old and are increasing due to interest […]
I believe I know the difference between secured and unsecured debt, but I still have a question. If I was to file for bankruptcy, what becomes of items such as furniture and electronic equipment which were purchased from large chains that feature “no payments for a year”. Some payments have been made on these items […]
