Line Of Credit
I do not have a mortgage on my home but I do have a line of credit instead. Is this considered a secured or unsecured debt.
Q&A: Answers to Questions
Most Recent ‘Q&A’ Posts
credit card bankruptcy
help, my wife has declared personal bankruptcy and now her credit cards are coming after me. i was a second card holder on one of her cards but had never signed anything. they have given me to friday to settle up on missed payments. do i really have to pay for this??? thanks
Transfer of Ownership in Matrimonial Home
I am not in bankruptcy and am not being sued. I do have a lawsuit in motion which I initiated and filed. Some time in the future I may be the subject of a lawsuit which I will be unable to defend as I am on disability Is it illegal to transfer my half of […]
Disability Income
I am on total disability and am receiving disability income from the canadian gov’t and a private insurance company (employer provided disability coverage). I am currently sueing an insurance company in Ontario in order to get them to pay me a disabilty policy which I bought outside of work. If I lose, am I required […]
what about credit cards
i have to claim bankrupsy because my ex did and all of the debt that had my name on it came to me. Do I have to claim all of my credit cards even if they are all paid off? Can I keep them to rebuild my credit?
Filing for bankruptcy the second time
I have been out of bankruptcy for approximately 9 years.I am a compulsive gambler who stopped gambling for 7 years until the last 2 years.My stock market and gambling losses have put me over 50,000 in debt 43,000 in credit card debt.As I am close to 50 years old I don’t see any way of […]
Solvent As We Blog, but may get sued…
My mother is about to get sued in court. She has absolutely no debts and pays her bills and credit card promptly at the end of each month. She owns her house outright. The lawsuit, if she looses may be for more than her net worth. In order to prevent the plaintif from taking her […]
Filing for Bankruptcy while in Consumer Proposal
We have been in a consumer proposal for 8 months and are having difficulty maintaining our monthly payment. Is bankruptcy an option? If so, what happens to the consumer proposal that we have currently?
Can you declare bankruptcy from outside Canada?
I am required to leave Canada soon and I already have so much debt on my credit cards. I will not be able to pay the credit cards before I leave. My only option is to leave the country but I also want to declare bankruptcy. Can I do that when I am outside Canada.
Student Loan Clarification
I have read that a student loan can only be included in a bankruptcy if it has been 10 years or more, but is this 10 years from the date of the last student loan being issued or 10 years from the last day attending school? I had a student loan 15 years ago. I […]