Welcome to Bankruptcy Edmonton

I am right in the middle of paying off a 2006 Pontiac minivan. If I file for bankruptcy will I lose it if?

how much money am i allowed to make while in bankruptcy?

I just moved from Ontario to Alberta and I have considerable debt and am considering filing either a bankruptcy or a proposal. If I do, will it effect my wife`s credit rating?
I thought it may be necessary for you to know that We have a joint mortgage and very little equity. We have a joint Line of credit. and all our checking accounts are joint.

What would be best a bankruptcy or a proposal?

I understand that the bankruptcy stays on your credit bureau for 7 years. Is that 7 years from the date of discharge or 7 years from the date of filing for bankruptcy?

Hello,

I will be filing for bankruptcy very quickly, I just have no other choice.

My Total debt is roughly 110K, which include a 80k judgment. This is from a creditor who doesn`t have any collateral. To date I have been able to stay current with my secured creditors (1st and 2nd mortgage).

As I have looked at the house I think the equity is about 17,000. What happens with this in a bankruptcy?

Hello, I have a bit of a mess that is caused by my own stupidity, mental illness, under employment among other things. I have about $35,000 of credit card debt. I was at the point of using credit for food, med`s and just recently using cash advances to pay other bills. Now I’m maxed out and have started missing payments. I am not working, as the stress of my bills is just to much for me to handle. I don`t qulify for AISH, I have no real assets as The house, car and everything else is in my husband’s name. Do I need to be working and have more assets to file bankruptcy? I know there is a cost, but can I file if I get the money from someone for the bankruptcy payments? I have a joint bank account with my husband and we use to pay utilities, mortgage and such. What would happen to it?

Thank you so much for your help.

I am having problmes and it is getting worse!

I have a decent Job, my wife does not work. We do own a home, but tried to start a business, which didn`t work and now we’re sinking fast.

Both my wife and I own 50% of the house and we have 3 children.The value of the house is roughly 325k, the mortgages come to about 272k and we both ow about 59k in unsecured debt.

what are our options????

If I have been out of school for seven years but still have Students Loans and I file a proposal, can I include these creditors in the proposal? Or do they survive?

Right now I think I might have to file for bankruptcy proceedings. I owe roughtly 77k. $44L os pm a line of credit, which is in default.

I have been sued by the bank, they now have a judgement.

I also have a mortgage of about 196k and the house is worth about 350k after real estate and legal fees. Can i claim bankruptcy and keep the house and wash the debts? if not, can i sell the house before the lien to a family member then claim bankrupt and wash the loans?

I have found out what happens to my RRSP`s if I file for bankruptcy, but what about my LIRA. Does it follow the same rule that RRSP`s do so that I only loose “contributions made in the 12 months prior to the date of bankruptcy.”