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Most Recent ‘Q&A’ Posts

What to do?

I am a 37 Year old, owner of a small sole proprietership… How can I best move forward, for my family, if not? Posted from: Ontario

Living on Credit

I own a business and my wife lost her job a few months ago. As such, we have been basically living on credit since the business is not making any money. Is this going to cause a problem with bankruptcy? We were trying to get the business profitable, but it just isn’t working out. Any […]

SELF EMPLOYED

Hello I am currently self employed and have been for 10 years… I owe revenue canada just over $25,000, this included taxes and gst. My industry has slowed right down and have been unable to find any other kind of work..I own a home and have a first mortgage of $82,000 and second of $50,000, […]

need advice

my bf has not paid income tax for at least 5 years or filed an income tax return. he was self employed with a business number and neither him or his employees paid any taxes. now he is employed with an employer and he is not having his employer take any deductions at all off […]

Payments

I am currently in a bankruptcy. My surlus income is above the avearge range when combined with my spouses. I am currently collecting Maternity benefits. I am required to pay $535.00 per month because of the surplus income when combined with my spouses. I only get $772.00 every 2 weeks from maternity benefits. I am […]

Melanie

Hi, I filed a comsumer proposal in March 2009. I have a current income, net of 3200 a month. I have 3 dependants at home, I am single and the sole income earner. I have a Jeep that I cannot afford and would like to give it back to the bank. I inhereted it as […]

About extra money

I am considering going bankrupt, I make 1,600 net a month and on the side , myself and my partner do cleaning and the master business license is in both of our names, thats another 550 a month, so they can’t take that extra money for me to pay because I have a partner? and […]

credit card debts

I am 40,000 in debt and pay 1000 a month on my debt. I have 200 left to live on. I am a senior and cannot live like this anymore. Can you help me. I have been to banks to consolidate but they have refused. Posted from: Alberta

Property Holders Obligation

What obligation do i have if i hold property for a bankrupt who I know is bankrupt but i have not been officially notified by the Licensed Insolvency Trustee ? Must I contact the trustee or can i simply give the property back to the bankrupt? Posted from: Nova Scotia

just need help!

Hi, i’m about 25,000.00 in debt with my credit cards but I really don’t want to go to bankrupcy. I just need some help in consolidating my credit cards amounts and have one payment per month. Bankrupcy means somebody else pays for my mistakes and I don’t want that. What can I do and where […]

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