can I file for personal Bankruptcy twice? Because about 16 yrs ago i file for personal bankruptcy and due to the recession and loss of hours at work I am finding paying my bills really difficult.

I own my home with my wife, we are both are on title and we live there with our 2 young children. What will happen to my home,furniture,clothing,toys,computer etc. if I file for personal bankrupcy due to unpayable business loans?

If you go into bankruptcy or do a Proposal under the Bankruptcy and Insolvency Act, the creditor cannot attempt to collect from you, but they will attempt to collect the amount from the joint debtor, who in your case is your spouse.

Owing the government money can be very intimidating as it’s assumed the government has a limitless ability to collect the debt through any means necessary.

What happens when you default on your consumer proposal and it becomes null and void? Does the credit rating automatically go back to zero after seven years even though it was never resolved?

What happens if you can no longer pay any debts? With both people on pensions can the creditors go after your pensions and can they put a lien on your house even though you don't own it, but you have good standing with your mortgage. What happens if you just quit paying?

When dealing with debt, there are both formal and informal options. Formal options are undertaken via the Bankruptcy and Insolvency Act (BIA).

I completed a consumer proposal in March 2010. I took it out in March of 2008. No problems - it really helped me out. Just wanted to know when it will be removed from my credit file.

The Ontario Ministry of Consumer Services has recently issued an alert warning consumers to exercise caution when considering a contract for services being marketed as “debt settlement”, “debt management”, “debt reduction” or “debt consolidation”.

High consolidation loan against car - what happens in a bankruptcy? - "seize or sue" options that the lender has