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Most Recent ‘Q&A’ Posts

CRC

What are the consequences for a person who is a practising lawyer in filing a consumer proposal? Posted from: Ontario

Not sure what to do?

Be a great help if you can shed light on my situation. I’ve been unemployed for over a year now, finished school, graduated last fall and I’ve had a hard time finding employment. My debt as fallen into disarray and now there are collection agencies calling me wondering when I’m going to pay. Right now […]

Best way to resolve my boyfriends 30k of debt

Hi there, Im tired of worrying about this credit card debt of apprx $30k he has. $20k line of credit $10k 2 cards. Its been two years since any payments because of financial hardships. It weighs on my mind constantly. He’s young, 31. We don’t own, moved provinces so little assets especially in his name. […]

CP

We are in financial disaster at the moment. I am considering debt counselling and management or possibly even consumer proposal to deal with unsecured debt. However I am not sure how to deal with a vehicle lease that still has three years left on it. The payments are 800 a month and we simply cannot […]

Will be married does that effect/how long to wait?

I am considering a consumer proposal, but am getting married in a few months. Since I have recently used my credit cards, and i’m not completely insolvent at this time, i was advised to wait about 6 months after my last transaction to file the CP. However by then i will be married, and we […]

Bank loans during bankruptcy

I am in bankruptcy till march 22,2011 and I am still playing catch up with bills. Can a bankrupt take out a bank loan while still in bankruptcy? Posted from: Ontario

Mandatory Contributions From Pay

I have to pay into a pension plan at my work. Can I subtract that from my gross income for figuring out the amount I’m allowed to earn? Posted from: Ontario

Co-signed car

If I file for bankruptcy will I lose the car my parents co-signed for me? Posted from: Nova Scotia

bankruptcy

i have been unemployed for a few years.. i have a debt of aprox. $12000, i have run out of funs to continue to make payments, i need to know how to file, and if it will cost me any thing to do it..what is my next step Posted from: Ontario

No income to part-time job income

I have been on EI but it’s running out and so far the only job that I can get is a part-time job maybe 25 hours a week…my debt is around 20k+ and I incured a lot of it due to medical problems. Is bankruptcy my only real choice? Posted from: Nova Scotia

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