Q&A: Answers to Questions

Most Recent ‘Q&A’ Posts

informal vs. formal proposal

I’m considering going through with a consumer proposal and I contacted this not for profit place which told me that they do informal proposals. I asked the difference and they told me that it’s informal in the sense that a trustee doesn’t complete it and it has has less of an impact on my credit […]

MISTAKE IN THE PROPOSAL

I HAVE FILED A CONSUMER PROPOSAL AND IT HAS BEEN SENT TO THE CREDITORS WHEN i HAVE REVIEWED THE EXPENSE SHEET i SEE MY PROPERTY TAX HAS BEEN ABOUT 400 DOLLARS MORE THAN THE ACTUAL PER MONTH BUT SECURED PAYMENT TO THE CREDITOR IS SHOWING ZERO WHICH SHOULD BE ABOUT 400 DOLLARS, SO NET RESULT […]

Undischarged Bankruptcy

What happens if during bankruptcy, i failed to pay the full cost to my trustee and I am sitting with an undischarged bankruptcy. How can this be changed into discharged and how long does it take? Posted from: Ontario

During bankruptcy

My mother filed for bankruptcy in march of this year, she is not discharged yet. Can she include a car loan that is in her name into her bankruptcy at this stage or is it too late? Posted from: Ontario

Dianne

Once a bankruptcy has started and I decied I don’t want to go through with it can I just pay an amount and deal with the creditors myself? Posted from: Ontario

mortgage

I am going through a divorce and I want to declare bankrutcy. I have a joint family home which my ex-husband is living in. He is constantly late on the mortgage but every few months he gets the mortgage caught up. I want the bank to take the house. What will happen to this secured […]

credit bureau

I just filed for bankruptcy 2 months ago, but my trustee told me i didn’t need a copy of my credit bureau. I don’t know everything that is on my credit bureau, so I just gave him the ones that I knew of. Does Equifax get notified and everything is erased, or do I have […]

Credit card debt – spouse responsible?

I have a large amount of credit card debt. I qualified for all of the credit cards on my own, my husband didn’t co-sign, however, I did get supplemental cards for him. My understanding was that I was the only person responsible for the debt even though other people helped accrue it. If I file […]

personal bankruptcy

When claiming personal bankruptcy do I have to claim all of my debt? Can I exclude one of my credit cards? Posted from: Ontario

the right trustee

how do i know i got the right trustee…what do i need to ask and look for ? Posted from: Ontario

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