2009-07-30
Sorry, filing a bankruptcy now won't get the money back for you. I'm assuming that you have your bank account at the same bank who issued your Visa. If that's correct, you should move your bank account right away to a bank or financial institution that you don't owe any money to. If you have your bank account at the same bank you owe money to, they can at any time take all of the money out of your account and apply it against your debt. This is called a "right of set-off." If you have problems opening a bank account (this can happen if you have damage on your credit report), check out theCanadian Bankers Associationweb site. You do have some rights. As well, you should talk to a trustee to see whether a bankruptcy makes sense for you. Even if you don't do a bankruptcy, we can usually give you some advice about setting things up so that this kind of problem doesn't occur. Give me a call or email me if you'd like to talk. Judy Scott MNP - British Columbia 604-949-2113 [email protected]
2025-06-19
With the school year beginning and thousands of Canadian students beginning a new semester of post-secondary studies, all those hard-earned dollars from summer gigs are now being applied to tuition, books, transportation, housing, and supplies.
2025-06-18
The cost of daily goods has been rising over the past few years — increasing the price of food, gas, clothing, and many other essential items that Canadians need in their day-to-day lives.
2025-06-16
Bankruptcy Alternatives to Bankruptcy
Let’s review what a Consumer Proposal is, as well as the pros and cons of filing a Proposal, to help you determine if it’s the right solution for your unique situation.
