Connecting You with Trusted Licensed Insolvency Trustees – We’re Here to Guide, Not Decide. Learn More
i owe roughly 107,000,79,000 on my house,14,000 on a consolidation loan,10,000 on a line of credit,6500 on 2 credit cards,is it possible to caim bankruptcy if i have almost no assests?almost nothing to sell off to pay off my debts?
I was diagnosed with a very aggresive breast cancer in april and have not been able to work since then.I am a single parent of one child.I get $767.00 a month canada pension dissabilty and $243.00 child tax credit.$142.00 every three months GST.I have no other income.I have about $5000.00 in credit card debt and […]
I am in a very similar situation as the last person. I was struggling to make all of our ends meet. I would be constantly juggling credit to pay bills. In July, I finally decided to take up an offer of instant line of credit with credit company. It was no problem getting it. I […]
30+ days prior to going bankrupt, I used a credit card not knowing at the time that I was going to claim bankruptcy. Unfortunately at the time it was my only source of funds, my young son was beginning the school year and in need of clothes, school supplies etc. I did not know any […]
I freely admit that I owe money. Unfortunately illness and medical leave have caused this debt to be un-paid on time. However, some payment HAS been made, and the company agreed to allow me to continue doing so. Last week, they certified my checks, and drained my bank account, leaving me $31.00, no food, no […]
I am $40,000 in debt and finally have admitted to myself I need to do something about it – so I have talked to a trustee and would like to do a proposal to the creditors – I do have $5,000 in RSP – if I put it towards my debt it really will be […]
I am a creditor. I am owed money by someone who has a locked in RRSP and is threateneing bankruptcy. Does this mean my debt can be wiped out by the bankruptcy and he can subsequently discharged and have his RRSp in tact?
When declaring bankruptcy is there a difference in severety based on amount? Does the court see $10,000 the same as $100,000 Debt is Debt regardless of amount? Does Bankruptcy clear one of back taxes? (CRA/Rev Can)
i have done my homework, i know the options and will accept the consequences either way. I have spoke to 2 trustees – both of which explained the same thing and can not advise me as I am not being “forced” into this. I really want to make the SMART decision for my future as […]
I bankrupt company had $ 748,711.00 due to it from preferred shares. Somehow this was overlooked. The trustee and receiver are one of the same company. They are now stating that it was part of the purchase of the assets. If they did not know about it then how can it be part of it? […]
