Archive for June, 2008

I am fairly youn (22 years old) and i don`t ove very much (about $15000). Most of this is credit cards, but I also have aa bank loan. I make decent money but I can`t seem to get out of my overdraft and it is becoming tougher to pay all of the bills plus […]

If I have a consultation with a Trustee does it affect my credit?
I have been reading a lot about a consumer proposal and was wondering if it would cover all or part of my debts? The reason I ask this is that I need to keep my car so I can get to work […]

I think I need to file for bankruptcy. From what I have read you suggest that beacuse I have debts with my bank that I normally use, I need to open a new account at some place I don`t owe money. My big concern is will I be able to get a checking […]

One question, but it needs a preamble. I filed bankruptcy about 8 years ago, was discharged and now more than 7 years has gone back it has bee completely wiped off of my credit reports.
The problem is I now have more debt. So my question is if i declare again, will it be […]

GMAC just repossessed my car, do I still owe the company money for it?
My friend told me that she once had her car repo`d and once it was taken she never had to pay anything else. Is this right?

my wife and i have two small businesses. Both have been financed through us personally. One has failed resulting in losses of over 125,000.00. the other is just hanging on. We had signed a loan with the BDC using our house as collateral. The problem is rather than declaring backruptcy, we are trying to pay […]

Hello.
I have an incorporated company and need to file for bankruptcy.
If I were to file for personal bankruptcy how would that affect my standing as the soul director of my incorporated business.
I have heard that you cannot be a signing officer of a corporation if you are in bankruptcy proceedings.
Is this true?
Are there any of […]

Please help.
I don`t know what to do and have no where else to turn!
I am a 38 year old single mother. I have one child. I only make about $1750 per month. I have 3 credit cards which I can can`t even afford to make the minimum payments on. I am behind […]

Last week I was laid off. This is largely due to an illness I have but regardless I have been fighting with my creditors ever since.
Currently I on Welfare and make $885.00 per month. I have 2 teenage daughters who I support and have no other income coming in. I have been reading your posts […]

Right now I lease a car and am planning on filing a proposal within the next month. The car I lease is far to expensive, guzzles way to much gas and I simply cannot afford to keep the vehicle. Can I return the car? If I return the car what will happen and if I […]