I have high credit card debt ($15,000) and cannot make my payments any longer. I am employed part time only and the bank has just closed my account due to NSF cheque charges. Is bankruptcy an option for me?
Archive for February, 2009
posted by Questions @ I have high balances on my credit cards and two PLCs which total to $73,000. My husband is ill and cannot work any more and does not receive any money! I have a 2008 car which is leased on my name and an uncle`s. If I file for a consumer proposal, do [...]
I declared bankruptcy but kept my mortgage payments up to date. Then I lost my job and can`t pay the mortgage. The bank is foreclosing and says that I will be responsible for any balance remaining after they sell the house. Is this true? I had asked my trustee a few months [...]
I am in over my head with student loans!!! In May I will have been out of school for 7 years. if I declare bankruptcy will this take care of my problem?
I owe a lot of money for unpaid taxes (250k). I think i am going to be filing a bankruptcy. I don’t have any assets but was wondering if because I owe the government can this be dealt with in a bankruptcy? Am I even able to file with this lump sum owing to them? [...]
I am a senior, I will be 74 years old in May. I owe my credit cards about $26,000 but only have about $1,200 income per month from my pension. My rent is almost $850 per month and hasn`t caused me to many proplems, but I am starting to fall behind on my [...]
I have about $130,000 in debt. I own my home, but it is owned jointly with my father and has a $278,0000 mortgage on it. Can I take my name off the mortgage and then file for bankruptcy. Will the creditors still go after the home or this there a time frame from when my [...]
If my car is worth $3,000 and I owe $5,000 on it, if I go bankrupt then I get to keep my car and wipe out the debt owing on it, right?
in a proposal is a creditors voting share based on amounts owed or does each creditor have an equal say.
I am looking at a consumer proposal but need to find out what happens with secured debt.
Right now I own 2 homes jointly with my spouse. We rent one out and live in the other. The rental property has now been put into foreclosure, sold and there is a lawsuit against us for the remaining [...]
