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Most Recent ‘Q&A’ Posts

Run-a-way bankruptcy

When I was in my early 20’s and in school, I had a bit of a melt down and claimed bankruptcy. Not being able to manage the payments for this either, I left home and move across the country. 5 years later, I have completed paying off my student loan, I am still in ‘limbo’ […]

Retail credit cards and bankruptcy.

If I purchase a gift for my friend with a retail card like Futureshop card which gives the creditor a security interest in the item can they repossess the gift from my friend if I declare bankruptcy?

student loan bankruptcy

Does anyone know if I filed for bankruptcy after the 10 year period, could they take away my home, if it was solely in my husband’s name? What about possessions that my husband aquired before even meeting me?

What happens to registered funds

I have some locked in registered funds and I was wondering if a person applies for bankruptcy what happens to that money. Also what happens to RRSP money

COMMON-LAW

FILING INCOME TAX TOGETHER . HOW WILL THAT AFFECT THINGS IF & WHEN MY SPOUCE FILES BANKRUPSY.

Voluntarily Surrender of Vehicle

I have been having a rough time financially for the last few months – and have come to realize I cannot continue to make my car payments. I got myself into a high interest car loan, when I bought my car a three years ago – and didn’t realize the interest rate, and how much […]

bankruptcy and my home

i have read all the info on this site. i am a single female, age 55, my home is very important to me. i am in over my head with debts, mortgage is ok. i have a steady job. if i go bankrupt is there ANY Way i could lose my home. i understand whatever […]

Cash in savings account

Hello – I have about $1800 in my chequing account that I have been saving for a trip. My wife and I probably have to claim bankruptcy soon. What should I do with this cash? If I pay down one of my credit cards, then it will show that I am giving preference. Should I […]

finding out list of creditors

I had an incorporated business that failed a few years ago. I am considering declaring personal bankruptcy there’s a few questions I was hoping that can be answered here: 1. I leased to own some equipments for the company and eventhough that I had returned the equipments to the leasing company, they are trying to […]

proposal

I have read that a proposal may be an option for me. A proposal that is far less than the original balance may be accepted. I understand that I will work with a trustee to create such a proposal. My question is ..can I contact my creditor and explain my situation and expect a similar […]

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