Displaying results for:
Exempt Assets Under Bankruptcy Insolvency Act: Good Credit Versus Bad Debts
07/01/2015
Bankruptcy
Consumer Proposal
A former colleague of mine used to send out letters to consumers with two specially packaged Tylenol attached, along with a brief message that said, “ Taking these two tablets will make your headache disappear, but it will not provide permanent...
Read More arrow_forwardEquity In Condo Income Tax Debt Solutions
23/06/2009
I will owe the government about $150000 and have about 150000 in equity in my condo. I will not be able to make the payments to the government for taxes. Is my scenario a case for bankruptcy or does one have to sell the home?
Read More arrow_forwardFour Good Reasons For Making A Consumer Proposal Instead Of Settling Debts On Your Own
29/01/2015
Consumer Proposal
Picture this scenario: you are experiencing major debt challenges. You might also not be in a position to address your debt problems by obtaining a debt consolidation loan or seek credit counselling.
Read More arrow_forwardWould You Please Explain Net Income
02/12/2008
Would you please explain "net income" - What if we have deductions as in CPP, Medical Insurance, and Super Anuations - Would we have to include that to our net income? Thanking you. Just very concerned before making a committment.
Read More arrow_forward14% Of Canadians With Debt Say They Will Never Pay It Off
01/08/2013
Rob Shier
Debt Solutions
In a recent poll conducted on behalf of CIBC, 14% of Canadians with debt say they will never pay it off.
Read More arrow_forwardPersonal Income Tax Debt And Bankruptcy
19/03/2010
Linda Paul
Bankruptcy
Debt Solutions
I owe a debt to Revenue Canada for personal income taxes. Is this included in bankruptcy?
Read More arrow_forwardIf you are struggling to make your minimum monthly debt payments or if you are concerned that the minimum payments are not effective in reducing your total debts, a personal loan may be an effective way to consolidate your debts and reduce your total...
Read More arrow_forwardPersonal Bankruptcy Laws
12/08/2010
My husband is refusing to give me his pay stubs as he just got a job after I filed bankruptcy. What would happen if the trustee that I am with found out about this? And as he is not part of the bankruptcy, do they have access to this information? Thank...
Read More arrow_forwardPayments To Trustee
06/04/2011
Hi I really need to know how much income will they allow me to keep to live on if I go bankrupt. I bring home $2300 and child support payments total $1150. I have two boys 14 and 16 and me.
Read More arrow_forwardPaying A Family Member Before Bankruptcy
18/02/2010
Linda Paul
Bankruptcy
IF I owe a friend or family member can I pay him/her back with any available funds before I file for bankruptcy.
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