Archive for May, 2009

Student loans and a consumer proposal

If I have been out of school for seven years but still have Students Loans and I file a proposal, can I include these creditors in the proposal? Or do they survive?

Posted on Tuesday, May 26, 2009 | Filed under: Consumer Proposals
 posted by Questions @ 9:31 pm 1 Comment
Can I keep my house if I file for bankruptcy?

Right now I think I might have to file for bankruptcy proceedings. I owe roughtly 77k. $44L os pm a line of credit, which is in default.
I have been sued by the bank, they now have a judgement.
I also have a mortgage of about 196k and the house is worth about 350k after [...]

Posted on Monday, May 25, 2009 | Filed under: Bankruptcy
 posted by Questions @ 5:33 am 1 Comment
Is my Lira considered exempt

I have found out what happens to my RRSP`s if I file for bankruptcy, but what about my LIRA. Does it follow the same rule that RRSP`s do so that I only loose “contributions made in the 12 months prior to the date of bankruptcy.”

Posted on Thursday, May 21, 2009 | Filed under: Bankruptcy
 posted by Questions @ 6:21 am 1 Comment
What is the impact on of bankruptcy on others who are helping me out.

I may have to file for bankruptcy. Right now I have no assets, my son and I are living with my boyfriend. He owns the house, all the furniture, we pay no rent and he is simply letting us stay because I am in a difficult position. My only assets are really [...]

Posted on Friday, May 15, 2009 | Filed under: Bankruptcy
 posted by Questions @ 10:39 am 1 Comment
joint debts and bankruptcy or proposal

I have a few big problems, I have a bunch of debts, they are mostly credit cards in my name, but there is a bank line of credit. The problem is that this line of credit is held jointly with my spouse. What would be the effects on my spouse under a consumer proposal [...]

Posted on Tuesday, May 12, 2009 | Filed under: Bankruptcy and Consumer Proposals
 posted by Questions @ 10:24 pm 1 Comment
student loan limited income don’t know what to do?

Hello, I am married and have 2 Autistic dependent minors of my own. I was attending college and ran into a number of problems.  I won’t bore you with the details, but to make a long story short, I had a sister who passed away, but she had two children that I had to take [...]

Posted on Saturday, May 9, 2009 | Filed under: Bankruptcy
 posted by Questions @ 11:58 pm 1 Comment
Separated for 5 months

I’m looking at going bankrupt she is co owner of a vehicle,house,and camper trailer etc will she loose the house,vehicle etc

Posted on Wednesday, May 6, 2009 | Filed under: Bankruptcy
 posted by Questions @ 9:04 pm 1 Comment
What is the impact on joint party if a bankruptcy or proposal is filed?

I have a lot of debt. Most of my debts are credit cards and most of them are in my name. But I have 1 line of credit with CIBC that was cosigned by my husband. What would happen to my spouse under a consumer proposal or, in a bankruptcy?

Posted on Wednesday, May 6, 2009 | Filed under: Bankruptcy and Consumer Proposals
 posted by Questions @ 7:53 pm 1 Comment
Question about consumer proposal

Can a consumer proposal also deal with tax debt?

Posted on Wednesday, May 6, 2009 | Filed under: Consumer Proposals
 posted by Questions @ 3:37 pm 1 Comment
Changes to the Bankrutpcy Rules

I know there are some changes to the Bankruptcy rules that are being considered, but I am not sure if they are in place or not. Do you know when do the new rules for automatic discharges from 9 months to 24 months change officially?

Posted on Friday, May 1, 2009 | Filed under: Bankruptcy
 posted by Questions @ 6:13 am 1 Comment