repo
How many payments can you miss before your vehicle can be repossessed? What happens after this?
Q&A: Answers to Questions
Most Recent ‘Q&A’ Posts
Bankruptcy
can a person start to rebuild there credit befor being discharge from bankruptcy,and how?
informal proposal to revenue canada
my husband and I owe revenue canada just over $50,000. We are struggling to meet the agreed payments, that are not even affecting principal. The payments agreed to be made are now not good enough for revenue canada, and they are going to start garnishing wages and writ our home. We have a family member […]
Co-signing
If I co-signed a loan for a previous partner is there any way that I can have my name removed from that document?
proposals
Are proposals most often accepted? Also, what are their drawbacks?
Fairness Board (Re: Canada Revenue)
Is there such a thing as a “fairness board” to challenge or question tax bills that Revenue Canada has sent us? We plan to pay the taxes off first, then proceed. Our concern is a rather large bill for GST and Income Tax from 2001, we filed a 5yr. “Proposal” in Feb. 2002. We are […]
How long must I wait?
I was discharged from my personal bankruptcy 4 years ago and I heard from from a retired bank teller that there is a way to have a bankruptcy off your credit report before 7 years. She couldn’t remember how. Is this true? If so, how can someone go about doing so? Signed – Can’t wait […]
Do I lose my life insurance policies?
I’m considering filing a consumer proposal or actually filing for bankruptcy. I owe about 70,000$, 25ish being student loans that I know I won’t be rid of, but due to ongoing health problems I can’t seem to get ahead of all the payments. Especially with meds costing over $250 a month and that’s with my […]
Wage ganishment
I have just recently started to have my wages garnished. I was wondering how much are they allowed to take off of my paycheque?? I am married and do have a family that I am trying to support. Was wondering what the rule is in the way of wage garnishment and how much are they […]
Bankruptcy vs Legal Options of Collection Agency
My daughter is being chased by a collection agency who is threatening legal action to collect a $4000 personal loan. She is considering bankruptcy as she has no assets and has just started working. What can the collection agency legally do and is it worth going bankrupt for $4000.