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I am going to declare bankrutcy soon. I rent a house which I have been in for the past ten years.I have never made enough money to get a mortgage of my own. Although I pay more in rent than I would be paying if I had a mortgage.I do not make a great deal […]
I am considering going bankrupt.What do I have to include in debts ? I have 40,000 in credit card debt which I must include . I have several supplemental cards that my father gave me .My father is not declaring bankrutcy . Should I include this as debt ? My father does not want to […]
I have been fully discharged from my Bankruptcy July 2005. The trustee filed for me for Jan-Oct 2004 and then for Nov-Dec 2004. I use a tax filing firm to file my income tax normally. Do I need to take my discharge papers and the report from the taxes filed during bankruptcy with me? My […]
I have been out of Canada for 2 years, and since I have returned (summer 2005) I have been purchasing necessary household goods, clothes, etc (all under 10k), not from credit, but from my savings. I am a student. Now, I am being sued for approx. 100k, and cannot pay this amount and will go […]
I called off my wedding with my common law spouse and decided to take short work trips in the US for my Canadian employer. I met a girl in the USA while working. I wanted to date with her and we established a long distance relationship. I began taking time off and travelling to visit […]
My and my wife’s debts are almost $80,000 (credit cards and lines of credit). Due to recent decrease of the working hours on my job (became part-time) and my wife is on maternity leave we have to do something about it. Our net income is about $3,500 a month. If we offer $20,000 to $25,000 […]
a secured creditor offered to settle for the amount of secured property, later I realized that the monthly payments they were requesting was over the amount they wanted to settle for, no agreement was made. I know they have rights as a secured creditor, what are my rights to protect myself from the reason I […]
I had heard that you can apply any rrsp’s you may have to your debt at face value and not lose anything to tax. Is this true?
If I have an investment that was originally locked in for 10 years, and there are 7 years left on it, how will it be treated if I go bankrupt? Will I sign it over or something? The other problem is they don’t tell me the return (if any) until the 10 year term is […]
We are considering bankruptcy, we owe a great deal of money to our creditors. We now live in our motorhome full time. We owe more on the motorhome than it is worth (they depreciate very quickly)… If we are forced to go bankrupt on all of our credit cards and lines of credit, but agree […]
