Mortgage & Bankruptcy in Saskatchewan
I have a mortgage and have never missed a payment. It has been in place for 4 years, and i just renewed for another 7 years. I am behind on my property tax. What will happen to my home if I claim bankruptcy?
Q&A: Answers to Questions
Most Recent ‘Q&A’ Posts
House after bankruptcy
We have been discharged now for almost a year and are looking at the possibility of buying another home. Our home was never part of our bankruptcy and we have recently relocated due to a job transfer. I guess my question is…what are my chances of getting another mortgage at this point and what kind […]
Student Loan Debt
I have just received a letter from a lawyer stating I am going to be sued for $7500 for an old student loan. I was in touch in the collection company and filled out financial assets declaration every year. I am working full time (1 year) but I just can’t afford this amount. I am […]
collection agency calls
Visa has just placed my account in collections. They tell me I must repay the entire amount $14,000 now. No payments may be made. This can’t be right. 27 years of credit and now this. First black mark, I don’t want to go bankrupt and am willing to repay the whole thing, just over time. […]
Bankruptcy and Inheritance
We are in the middle of a personal bankruptcy and a relative recently passed away leaving me some money and an old vehicle. I know that it will be included in the bankruptcy if it goes through probate before we are discharged, but do I need to disclose it if the probate takes place after […]
Revenue Canada Debt
I own a company and owe one creditor $90,000, all of my other creditors I have managed to pay. I also owe Revenue Canada about $20,000 in GST and $4,000 in payroll remittances. I have two questions – Revenue Canada told me I have to pay them no matter what – I was just wondering […]
We dont want to loose a vehical
If we try a consumer proposal will they still want to take our only vehical that is worth over 5000 dollars? And will this years tax return be left alone?
Stop my Proceedings
I was given poor advice and I filed Bankruptcy. My situation has changed since I filed in 2002 and I want to stop my Bankruptcy; I have never been discharged. When I first filled I had no income plus I was going through marriage breakdown so my life was mess but that is really no […]
Consumer Proposal and Inheretance
I am thinking about filing a consumer proposal instead of bankruptcy since I can pay back part of my debt. I received an inheretence (7K) 6 months ago and spent most of it. Will I have to give that money back as part of my consumer proposal? I didn’t know at the time I spent […]
Renewing my mortgage after filing for bankruptcy.
My spouse and I are currently considering filing for bankruptcy in Ontario. We do not want to lose our home which we have owned for four years. We have never missed a payment on the mortgage or the taxes. The mortgage renews next year and we are concerned as to how a bankruptcy would affect […]