Archive for April, 2009

Impact bankruptcy will have on a limited company

I have accumulated quite a bit of debt. It is mostly on my credit cards, but I also owe Canada Revenue a very sizable amount and it is due soon.
I had a period when I was dealing with a number of personal self defeating issues (i.e. drinking etc.). I have now dealt with [...]

Posted on Tuesday, April 28, 2009 | Filed under: Bankruptcy
 posted by Questions @ 6:02 am 1 Comment
what do I loose in a bankruptcy

Currently I am on income assistance. I get approx 600.00 per month and it doesn`t look like that will be changing any time soon.
I owe $15,000.00 in credit cards and $4,700.00 to CRA for personal tax.
I own a car worth approx $4500.00 and a mobile home in which I live worth approx $36,000.00. [...]

Posted on Monday, April 27, 2009 | Filed under: Bankruptcy
 posted by Questions @ 10:09 pm 1 Comment
Student loan, 5.5 years old, changes to bankruptcy legislation

Hello,
I have a few student loans and therefor my questions relate to the proposed changes to the Bankruptcy. Is that change already in force?
If so, what are the financial condition to be met for applying for student loans to be released after the 5 years, I think this is referred to as hardship? Does this [...]

Posted on Wednesday, April 22, 2009 | Filed under: Bankruptcy
 posted by Questions @ 6:47 am 1 Comment
bankruptcy eligibility

To file for bankruptcy do I have to be delinquent in my monthly payments. The reason I as is that I have not missed any payments, but I see the storm clouds looming, haven`t made more than the minimum payments in the last two years, am barley covering the interst and just saw my [...]

Posted on Tuesday, April 14, 2009 | Filed under: Bankruptcy
 posted by Questions @ 8:49 pm 1 Comment
Questions about a bankruptcy

I am looking at filing a bankruptcy but have a few questions.
1. I have a house, I have taken as much money on a second mortgage as I could afford last year so there is very little equity left in the house. Can I keep my house?
2. I just bought a new car in [...]

Posted on Tuesday, April 14, 2009 | Filed under: Bankruptcy
 posted by Questions @ 7:38 am 1 Comment
Loan used for children, is this included?

Hello, I am having some problems with money and am considering a bankruptcy. My problem is I took a personal loan out to help one of my children about a two years ago. The loan is in my name, but my children are making the payments. They have made all payments on time on [...]

Posted on Thursday, April 9, 2009 | Filed under: Bankruptcy
 posted by Questions @ 8:10 am 1 Comment
Spousal responsibility

If two people are legally married but have been separated for 5 years and the husband`s business is going bad and he wants to file for bankruptcy how will this affect the wife. Should she divorce before he files for bankruptcy.

Posted on Wednesday, April 8, 2009 | Filed under: Bankruptcy
 posted by Questions @ 3:26 pm 1 Comment
Student loans

I have a student loan I got in October 1997, I then got another student loan in September 1998 then in 2001 I filed for bankruptcy. It has been ten years now. I haven’t heard anything from my student loans in a long time.  Am I still responsible for these debts or were they [...]

Posted on Monday, April 6, 2009 | Filed under: Bankruptcy and Student Loans
 posted by Questions @ 11:56 am 1 Comment