Archive for January, 2009

I have RRSP`s through a group savings plan at my work. It is a plan where my employer matches the contribution that I make. I have had the RRSP`s for 2 years. If I were to declare bankruptcy, would the entire RRSP be taken?

After a person files for bankruptcy and the calls stop, then a letter comes in the mail from a credit card company stating you have until the end of the month to pay something or they will refer your account to a lawyer or third party collections, does that mean the trustee has not [...]

I have a problem. My husband had a farm that he jsut recently closed. He operated this farm as a sole proprietor for the last 25 years. The big problem is I just found out that he has a bunch of business debt,approx. 145k. I knew there was some, but not this much.
We [...]

I am a single mother. I have 2 children under the age of 6 and the problem is I owe way to much money on credit cards (about $19,500) and i don`t make enough (about $1,250 a month). I would like to know if a bankruptcy is best for me or would it [...]

I met with a bankruptcy trustee who told me that my bankruptcy payment would be about $550 per month and that this would likely last for 21 months, not for the 9 months I expected (even though this is my first bankruptcy) The trustee never really gave a reason as to why. I make [...]

Hello, I think I am going to file a consumer proposal. If I do this will I loose my tax refund like I would if I declared bankruptcy? thanks.

Is it still 10 years before a student loan can be filed as part of your bankruptcy? I know things were going to change. Has it?

I need to fill for bankruptcy. I have downloaded some of the materials, was looking over an application form with my common law partner and I see a lot of information relating to my common law (i.e. his work, SIN number etc.) I understand that the cost of bankruptcy is calculated based on our household [...]

Hello. I went to see a trustee about 8 months ago. The trustee told me I needed to file bankruptcy, but didn`t explain anything about it. At that time I chose not to file a bankruptcy because i thought i could somehow pull out of this mess and I really didn`t feel comfortable [...]

I have a loan on which my sister has co-signed and this creditor has put a on her house. I’m wondering if I were to claim bankruptcy does this affect her? Will a bankruptcy remove the lien? Can she lose her house or have to pay out the loan?