Archive for October, 2008

I need to file bankruptcy ASAP. How fast can I do it?

I just got notice of a garnishee. I know I owe the money, I can`t dispute that, I can`t pay the bills, so I figure I have only one choice. I must file a bankruptcy so they can`t garnishee my pay check. My two questions are first the bankruptcy prevents the garnishee, right? My second [...]

Posted on Wednesday, October 22, 2008 | Filed under: Bankruptcy
 posted by Questions @ 10:45 pm 1 Comment
Credit Cards and a consumer proposal

I have read your site, which has been very helpful. And I have narrowed it down to the filing of a consumer proposal. I know I need to, but I am curious about a credit card. I really need to keep a credit card because I have to travel for work. I know that if [...]

Posted on Monday, October 20, 2008 | Filed under: Consumer Proposals
 posted by Questions @ 9:48 pm 1 Comment
assets and a consumer proposal

I have seen all sorts of questions about a bankruptcy and the assets you can keep. what about a consumer proposal. Do I loose things like my child`s RESP`s if I file for bankruptcy?

Posted on Monday, October 20, 2008 | Filed under: Consumer Proposals
 posted by Questions @ 9:44 pm 1 Comment
prior history and acceptance of consumer proposal

I am $150k in debt. I have an extrodinary credit history as I have never missed or even been late for any payments. I am considering a proposal and I was wondering if my impeccable credit history will increase the likelihood of my creditors accepting the proposal. Thanks.

Posted on Wednesday, October 15, 2008 | Filed under: Bankruptcy
 posted by Questions @ 9:12 pm 1 Comment
childrens RESP`s

If I was to claim bankruptcy how would this affect my childrens RESP. I have invested them through the Canadian Scholarship Trust Fund. thanks!

Posted on Wednesday, October 15, 2008 | Filed under: Bankruptcy
 posted by Questions @ 9:09 pm 1 Comment
Consumer proposal, how to prepare

I owe CRA a lot of taxes, probably about 25k. I am self enployed and have lost many of my large accounts. My company has done its yearly taxes and is up to date. I have been bankrupt before and am now in a position that I may have to file a Consumer proposal. What [...]

Posted on Wednesday, October 15, 2008 | Filed under: Consumer Proposals
 posted by Questions @ 9:08 pm 1 Comment
I have to much debt but don`t want to file bankruptcy again

What else can I do? I filed a bankruptcy 6 years ago as a result of a divorce. Now I have become ill and am no longer able to work. Is there any way I can avoid a bankruptcy?

Posted on Monday, October 13, 2008 | Filed under: Consumer Proposals
 posted by Questions @ 9:44 pm 1 Comment
Can`t decided. Should I file for bankrutpcy or do a proposal?

I haven`t gone to see a trustee yet, but am trying to learn as much as I can on my own. I have spend a great deal of time trying to understand all the options I have and I think I have to either file a bankruptcy or proposal, but I can`t decide which one. [...]

Posted on Saturday, October 11, 2008 | Filed under: Consumer Proposals
 posted by Questions @ 7:15 pm 1 Comment
Consumer Proposal and taxes

I have a lot of tax debt (45k), this is my main debt, i only owe about another 10k to credit cards. Will a proposal work, I just can`t afford to make payments any longer. thanks

Posted on Tuesday, October 7, 2008 | Filed under: Consumer Proposals
 posted by Questions @ 9:39 pm 1 Comment
Consumer Proposal

What happens if I have more debt than is allowed in a consumer proposal. Is there anything I can do?

Posted on Tuesday, October 7, 2008 | Filed under: Consumer Proposals
 posted by Questions @ 9:37 pm 1 Comment