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Most Recent ‘Q&A’ Posts

How much can be garnisheed from my wages?

I had a garnishment from “Canada Customs and Revenue Agency Edmonton” for 30%, now my payroll office tells me that they received notice to increase that one to 50%, and there is a new one from “Canada Customs and Revenue Agency Winnipeg” for 30%, What is the maximum that they can take?

Operating as a sole proprietor vs contract employee or employee

The BIA states that “I must disclose that I am an undischarged bankrupt when I carry on a business and accept deposit for work to be done in that business”. In relation to this statement, please confirm the following: a) While I am an undischarged bankrupt operating as a sole proprietor under my own name, […]

Proposal 75K limit

I have unsecured debt for c.a. 70K and student loans(undischargable) for some 40K. Can I make proposal under BIA to those unsecured creditors? In other words, does the 75K limit for proposals applies calculating ALL debt or only those debts that are dischargable in bankruptcy?

before bankruptcy

I have gotten myself into a bind and am having a hard time making monthly payments on my credit cards, what other options do I have other than bankruptcy?

Mortgage Renewal

I filed for bankruptcy and just got discharged the beginning of this year. My mortgage renewal is coming in 2 years (2007). What would be my chances of having my mortgage renewed? If the bank turns me down, where can i go to? Your help is greatly appreciated. Thanks!

lease a car while I am in a consumer proposal

I filed a consumer proposal May 2005 and my term is until May 2007. Will it be almost impossible for me to lease a car now that I have on record that I filed a consumer proposal? I filled out a credit application at a car dealership with the intent of having a strong co-signer […]

leaving country

credit card debt…..23,000 tax debt …15,000 permanent resident…not canadian. can’t pay debts…if i moved to another country, what would happen to my debts?

300K Student Loan

By the time I have completed my education, I will be in debt over $300,000 Cdn. I will begin making approximately 60K a year upon graduation. Would I be justified in filing for bankruptcy at that time?

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