bancrupcy
I want to take my name off the morgage as my partner is very nervous to lose the house which is mostly his…can i do this and then claim bancrupcy? Posted from: Alberta
What I Keep or Lose in Bankruptcy in Canada: Answers to Questions
Most Recent ‘What I Keep or Lose in Bankruptcy in Canada’ Posts
How does this work
When I got my credit card I only wanted a $1000 – $2000 limit. When it came in the mail…the amount was $9000. Do I have any rights considering I did not want this credit limit….and personally I don`t know how I got so much. I racked up the credit card, my ex-husband wasn`t paying […]
loss of personal assests
i am self employed, but have incurred huge dept against personal assests such as my house and cabin along with a very large credit card dept. the cabin is jointly owned with another family member. the cabin is coming up for mortgage renewal and im afraid with my current financial position the bank may not […]
Surplus Income & Length of bankruptcy
I am self employed, and am wondering if my surplus income rises due to a new contract, will aid in clearing me sooner than later? Posted from: British Columbia
Buying a business before discharge
My wife filed for bankruptcy in the fall of 2007. She is still not discharged. She is in the process of buying the small business she works for, making monthly payments to the current owner. Should she be concerened about taking over this business before being discharged. She didn`t borrow the money to make the […]
house
Hi I want to know if I will lose my house if we are still capable of paying for it. My visa is with the same bank that holds my morgage. I also have a van 2005 which we are paying off and still owe $15000 and was wondering if I will lose that? My […]
Living Costs During Bankruptcy
I am a restaurant owner. My business just filed bankruptcy, and I am now unemployed. Personal guarantees will be called in forcing me into personal bankruptcy. I have some savings, but very little prospect of employment during the banruptcy period. Will the trustee allow a reserve of savings to cover minimal living expenses, or am […]
our home
Is there any way to make sure one does not lose their home in a bankruptcy? (No equity) The reason I’m asking is because we don’t want to lose our home, neither my husband or myself is really capable of moving and we have no one to help us, besides that we have our whole […]
my secured loan
i bought a car in 2006 through a bank for a 6 year term. 2 years later i secured a loan through a citi financial using my car for collateral. what will happen if i claim bankruptcy? who will take my car or can i keep it if i cliam bankrupt? Posted from: British Columbia
Joint Owned Property
My C.L. and I own land together and we are currently building a house on it. The title is in both our names. I might need to file for bankruptcy and I am curious about what will happen to the property. It is owned free and clear. There are a few debts related to the […]