Are timeshare weeks considered an asset?

For most people meeting monthly expenses while covering the costs of the holiday season makes this a difficult time of year. We become caught up in the moment and before we know it, the credit cards come out and we are spending, spending and spending.

An MNP Licensed Insolvency Trustee discusses the importance of seeking expert advice when dealing with the financial problems of a marriage during the divorce process to make sure that you understand all of your options.

The debt load is now overwhelming. This is not where you thought you would ever find yourself. After trying everything you can think of to manage it, you see no light at the end of the tunnel and you know it’s time to consult with a Licensed Insolvency Trustee about your options.

If I decide to declare bankruptcy for my own personal dept, are my allowable asset values the same even if I am married with children?

in a 2 person marriage and then a split one clams bankruptcy and the other do not ,the one who did not caim bankruptcy are thet to be put in the same 6 year hold by creditors even thow they have not filed ever for bankruptcy?

I am getting married in August and I am drowning in debt, both credit card and student loans. I also have a car loan. Is it better for me to do a bankruptcy or whatever needs to be done before I get married in a few weeks or to wait until after I'm married?

Your bankruptcy does not automatically lead to the bankruptcy of your spouse. The fact that you are married or living common-law has no effect during bankruptcy. It is mostly your shared assets and debts that may have consequences for your spouse.

I am going to be separating from my husband and I believe there is no other option than to declare bankrupcy due to our overwhelming debt. How do I go about doing this?

Meeting with a Trustee about Financial Problems