Archive for May, 2008

Posted on Wednesday, May 14, 2008

Outstanding tax returns and bankrutpcy

I have not filed tax returns for about 5 years. I think I will probably owe somewhere around $40,000 when I do file the returns. I also have other debt and know I have to file for bankruptcy.
Do I have to file all these returns before I file for bankrupcy or do I have to […]

Filed under: Bankruptcy
 posted by Questions @ 8:50 am 1 Comment

Posted on Wednesday, May 14, 2008

Should I file for bankruptcy?

Hello. I have a student loan question. My student loan is from 1995 (I actually ended my studies in April of that year).
Since then I have had an arrangement with student loans to pay only $20 per month (it is all I could afford) and as a result I pay less than the interst they […]

Filed under: Student Loans and Bankruptcy
 posted by Questions @ 8:32 am 1 Comment

Posted on Monday, May 12, 2008

Loosing job, can`t afford to live, have student loans and I don`t know what to do.

Hello, I am 29 yrs old and have been strugging with debt since 2000 (when I finished University). I have exhausted interest relief, but have been making steady payments on my student loans since 2000, I have had a decent paying job with a large corporation, but I just found out that I am being […]

Filed under: Student Loans and Bankruptcy
 posted by Questions @ 7:53 am 1 Comment

Posted on Monday, May 12, 2008

I live in Alberta but own a house in Ontario, Can I still file for bankruptcy?

I am having problems, here is my situation.
I am now a resident of Alberta. I’ve been here for almost 4 years.
My ex is back in Ontario in our house. Both of our names are on title and it doesn`t look like we are making any progress settling our affairs. We have about 20K in equity […]

Filed under: Bankruptcy
 posted by Questions @ 7:46 am 1 Comment

Posted on Friday, May 9, 2008

Transfer of property into daughters name

Hello, I am an 80 yr old woman who gets a small pension. I have almost $30,000 in credit card debt. Roughtly 1 year ago I signed half of my home and property over to my daughter. Can my creditors put a lien on this property even though it is not in my name any […]

Filed under: Bankruptcy
 posted by Questions @ 2:11 pm 1 Comment

Posted on Friday, May 9, 2008

Cashing in RESP`s prior to bankruptcy

I have two children and they each have an RESP that I have set up for them. I am going to have to claim bankruptcy, and wondered what would happen if if we close these RESP’s prior to filing bankruptcy can we still be liable to the trustee for that money?

Filed under: Bankruptcy
 posted by Questions @ 2:08 pm 1 Comment

Posted on Monday, May 5, 2008

taxes

Can i declare bancrupcy for unpaid income taxes

Filed under: Bankruptcy
 posted by Questions @ 3:57 pm 1 Comment

Posted on Friday, May 2, 2008

bankruptcy for disabled person with lots of debt

I became disabled a few years ago, and am currently unable to work. Because of the recent huge cost-of-living increases (rent, food, etc.), combined with the fact that the amount that I receive monthly from my disability insurance company NEVER increases (i.e. no cost-of-living increases ever), I have gone into debt. I owe the bank […]

Filed under: Bankruptcy
 posted by Questions @ 7:49 pm 1 Comment

Posted on Thursday, May 1, 2008

Can i relocate after I file a bankruptcy?

I have to file for bankruptcy, and within a few months, I`m moving to a different province? (For work and to be closer to family for support) How will this affect me? Can I still move? I also have a 07` vechile, will I be able to keep it? I will be using it for […]

Filed under: After Bankruptcy and Bankruptcy
 posted by Questions @ 7:32 pm 1 Comment