Archive for the 'Money Management' Category

GMAC just repossessed my car, do I still owe the company money for it?
My friend told me that she once had her car repo`d and once it was taken she never had to pay anything else. Is this right?

Last week I was laid off. This is largely due to an illness I have but regardless I have been fighting with my creditors ever since.
Currently I on Welfare and make $885.00 per month. I have 2 teenage daughters who I support and have no other income coming in. I have been reading your posts […]

My wife and I are having difficulties. Between us we make $120,000 per year but our debt simply is not maneagable and we don`t know what to do. Right now we have approximately $45,000 in lines of credit which have been fully drawn on. We have mountains of credit card debt (a total of roughly […]

I was going to call a trustee to sit down and have them review my finances, but I need to get a list of creditors before I do. what is the est way to get this ?

I am in a bind and I am having a hard time making my payments on all my credit cards, my line of credit and really all my bills. I don`t want to go bankrupt but was wondering what other options do I have other than bankruptcy?

I assume there are rules about garnisheeing of wages. Is this correct? Assuming I am correct how much of one’s earnings can they garnishee? Most of my debt is to the governemt, are they still bound by these rules.

I owe a bunch of money. I owe credit cards, have a couple of bank loans, lines of credit, an overdraft some money marts etc.
But it is not my debt that I am worried about but my assets. All I own is my tv, some miscelaneous furniture and some small personal stuff. The only major […]

I owe about 60k. Most of it is credit card debt but I hae a few small loans as well and I now am in a spot where I cannot even afford to make the minimum payments.
If I filed for bankruptcy can these companies come after my home?

I need to get a list of my creditors. I have moved 3 times and can`t find any statements. I think that student loans were spilt into 3 places (bank, provincial, and federal), but I can`t remember for sure.
I also want to know if there are any other bills that I am not remembering. Where […]

What is the maximum time frame a creditor has to collect a debt?
What legislation / regulation governs this?
If these regulations exist, do they apply in the event of a failed consumer proposal or OPD?