Archive for September, 2008

Last year I just bought a new house.
The house is only in my name when I bought it. Not to long after I transferred the house so that I now own it jointly with my wife.
However, right now i can`t afford to pay the mortgage and I’m thinking declaring bankruptcy,
Will the tranfering of this […]

I own a house. I just spoke to a Real Estate Agent and he told me it is worth between $45,000 and $50,000.
My current mortgage is about $25,000. Is it better to keep the house or turn it over to my trustee? My debts are $35,000 not including the mortgage.

Can you tell me approximately what is the maximum i can make while in bankruptcy?

Will the filing of a bankrupcy stop wage garnishments from my creditors?
Right now I am right in the midst of a separating from my wife and my lawyer doesn`t want me to go bankrupt.
However with large support payments and decreased work hours I have not been able to keep up with my debts and see […]

Am I allowed to go to school even if I am in a bankruptcy?
Now I don`t pay for my tuition, it is paid by a family member, is this a problem?

I owe quite a bit of back taxes. However, I was wondering if before declaring bankruptcy is there a minimum amount of money which I am allowed to keep (i.e. can CRA seize all of the money in my bank account even if the result is that it will put me on the street)?

I was reading and apparently under the new C-12 law and I think it says student loans can be cleared by a bankruptcy after 5 years if I can prove financial hardship. I know this was just passed but I would just like to get a feel for whether or not I would qualify […]

Hello,
I don`t know if you can help or not. I have been looking into filing a consumer proposal but I don`t know if I can or not. I have been fighting with these debts for years now and they just don`t seem to be going away.
I owe roughly $89,000, not including my mortgage. […]