Archive for July, 2008

Unfortunately I had to file for bankruptcy in 1997. While things were good for a while, conditions have arose and I am now in a bad financial position once again. In total I owe around around 115k.
The problem is that I want to do a Consumer Proposal, although I realize I am currently over […]

Hello,
I have a student loan question. I will officially be 10 Years out of school on August 12, 2008. I just want to make sure that if I go bankrupt the student loan will be cleared. Is this right?

I am currently in bankruptcy, my common law husband is not. I know that I have to report my monthly income and pay a surplus payment, I am wondering how accurate I need to be with my common law husbands income as he will only give me a rough number when I ask him for […]

Hello, I want to file a proposal but I am over limit. I was going to try to refinance my home, but I simply can`t get enough out of it to pay my debt, but was thinking if I took out a second mortgage I could pay off one of my credit cards, then […]

I own a 1300 square foot house. The house is worth about $340k (according to a real estate agent) and I owe about $310k to the bank on a mortgage. I have about $75,000 in credit card debt that I cannot afford to pay. Is it better for me to keep […]

Is there a maximum I can make while in bankruptcy? If I make enough to pay $200-300 monthly during bankruptcy is it likely that I will be kept in bankruptcy an additional year.

I am in the midst separating from my wife of 15 years and my lawyer suggested I don`t file yet. The problem is that with large suport payments and decreased work hours I am not able to pay a significant loan. The collection agents are threating to pull from my wages, and if they […]

I have a vehicle, which I financed, and owe about 16k total. The resale value is about 12k. Can I keep this vehicle?

I may have to file for bankruptcy. The problem is that I have a loan in which my parents co-signed, but I have extensive credit card debts and just can`t find another way. How would filing bankruptcy affect my loan that my parents co-signed?