Banruptcy
Is it correct that if I go to three trustee’s and they all agree my only option is to go Bankrupt that the third trustee must accept my application for bankruptcy at no charge to me?
Q&A: Answers to Questions
Most Recent ‘Q&A’ Posts
collection agency
I have permitted my son who lives in his own apartment across from our family home to use our phone number. He does not have a personal phone in his place. He has been having financial difficulties and several of his accounts has been sent to collections . He has lost his job due to […]
gambling
what if i’ve just discovered my spouse has run up gambling debt within the last year totalling $160,000.00, and the bank is ready to forclose on our home?
Difference between proposal and bankruptcy
Is there a difference as to how a proposal and a bankruptcy is recorded on your credit report? Surely it makes a bit of a difference if you are at least trying to pay back your creditors with a proposal? Thank-you.
Selling your House while in a Consumer Proposal
What happens if you file a proposal with your creditors, that repays eg 50% of your unsecured debt, and then your financial situation changes down the road? For example, you sell your house later, which has little to no equity at the time of filing, but 1-2 years later you sell and move to an […]
Licensed Insolvency Trustee
I was wondering who do you go to file a complaint against your Licensed Insolvency Trustee? The trustee is continually missing court dates, not given us information that we need and lying to us!! He is not handling this bankruptcy and maybe many more in a fair manner. Thank you.
Very Confused and Frustrated!
I am very confused! I have been released from bankruptcy and thought that I was starting over. Do I need to worry about money I may inherit in the next 6 or more years? I was told when I recieved my release papers that they couldn’t touch anything anymore then I was also told that […]
Debt management programs
I am in financial trouble.My debts are quite significant. The interest rates on the credit cards are very high ,I will never be able to pay my debt off.I looked into a debt mangement counselling service and bankruptcy. I dont own any assetes and my salary is not high. What are the benefits of choosing […]
Leased Equipment
Excellent information site. I have a laptop worth several thousand dollars that is used in my work. There are only 3 or 4 lease payments left on it. If I declare bankruptcy now (before the lease is paid up)what are the effects of this course of action. Can I continue to pay the lease payments […]
Personal Bankruptcy
Hello, I have recently found myself in a very bad financial situation and unable to maintain a proper state of existence. I have recently lost my job due to health reasons, and have found myself with the following financial debts: – my credit card is at its limit – I still owe on a loan […]