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I co-signed a demand loan of 20,000 which was the revolving line of credit at my (now) ex-husband’s law firm. We separated and two years later he declared bankruptcy .I assumed his debt of 17,000 in a second mortgage. In the separation agreement it states that he would “indemnify and save harmless” the ex- wife […]
I have accumulated an RRSP deduction limit over the past 10 years since I have never put money into any RRSP. Will filing for bankruptcy eliminate this deduction limit and set it back to nil?
I want to make a deal with Visa . I can’t use any of the alternatives discussed in this blog . I have no income and have nothing but the clothes on my back. My relatives told me they would pay what I owe if I can negotiate a reasonable deal . I hate to […]
What is the difference between secured and unsecured debt? All of my debt is unsecured credit card debt .I lost my job and don’t have an income at this time. It is has been 6 months and still I can’t find work. I moved back in with my parents and stored my furniture after losing […]
Will inheriting money need to be reported to the trustee while currently in a “proposal to creditors agreement”? Any extra monies received, need to be reported? Thank you
My son has been paying $50 per month on his student loan as agreed by the collection agency. This morning he recieved a call that they are garnishing his wages at a rate of 30% starting Monday morning. Can they do this? If so, what can he do to stop it?
I’m contemplating bankruptcy, as I am deluged with debt, and have minimal income. What I’m wondering about is I’ve just received a statement of claim regarding debt I have with a bank visa. Will this prevent me from including this debt in my coming bankruptcy?
My husband had a sub-contract bussiness and hadn’t paid his GST. If he filled for bankruptcy would he be able to add his GST debt it is approx $64,000.00. Looking forward to reading the answer.
My ex-husband went bankrupt after we separated. He filed an order at the court which eiminated his obligation to pay child support and any arrears of same to be expunged for five years. All other obligations of the separation agreement related to medical and educational obligations remained. Does bankrupcy eliminate child support after this five […]
I cant pay my bills and I am receiving calls all day from 9 different creditors . I talked to most of them at least twice .I am changing my phone number to an unpublished number to get some peace.They have my address and that should be enough to contact me.Do I have any legal […]
