Multiple Approaches by Creditors to Recoup Debt
If you owe or have liens against your property that is far above the equity in your home, can a creditor sell your home to recover his debt that he cannot realise from the sale?
Q&A: Answers to Questions
Most Recent ‘Q&A’ Posts
Creditor Recouping Debt When no Funds Available to Pay Them
If the value of your house is approximately $80,000.00 and there are two liens on it, as well as an outstanding mortgage which amounts to approximately $110,000.00 and your salary is already garnisheed by Canada Revenue,and, as well, you have no personal asset of over $5,000.00, except for a car which you use to commute […]
How long will I have to wait to inherit after discharge?
How long will I have to wait after my bankruptcy is discharged before I can inherit an inheritance?
Recent Court Judgment in favour of creditors
Following a court judgment on the creditor’s behalf, can a creditor use the court judgment to recover his debt by such means as selling your home, confiscating your joint bank account, or sell your car which you use as a means of transportation to work, if the creditor was already garnishing your salary and the […]
Bankrupsy to Get Out of Court Cost Debts
My x husband has filed bankrupsy once in canada and at least once in ohio and he is trying to do it again in ontario. He is 45 years old. The Family Responsibility Office has been taking him to court for arrears in child support and he is filling bankrupsy to try to get out […]
Can the bank take any money in your accont??
I wanted to confirm whether or not a bank with which you have a bank account and have debt which is being declared in a bankruptcy proceeding can then at any time after the papers have been filed drain any new monies that come into your account? For example: all the proceedings for the bankruptcy […]
ownership of property if not discharged?
Am I able to own a vehicle if I have not been discharged?
What about my pension?
I have worked for the same company for 10 years. We have an excellent pension plan. Although I am a mere 16 years away from retirement (sigh)if I claim bankruptcy this year, is my pension taken away too?
Inheritance
My husband and I declared bankruptcy. It was his first time and my second. He has been discharged for almost a year and I’am still in it. He may be receiving a inheritance, because he is discharged does my situation affect him in any way or can this money remain his.
Creditor’s Meeting
Could you please inform us all of what exactly happens in a creditor’s meeting? And the need for a 2nd creditor’s meeting. Much appreciated