Bankruptcy Vancouver and Alternatives Information Site

alex

Questions — Mon, 20 Feb 2012 05:18:35 +0000

Hello. alex

Two bankruptcies – same debt

Questions — Wed, 15 Feb 2012 19:14:32 +0000

In 2001 a bankruptcy was confirmed that contained a mortgage on a personal residence in the value of $103,000.00. The action was taken due to a marital breakup.
For 5 years the person initiating the bankruptcy stayed in the matrimonial home and maintained the mortgage payments for 5 years.
In the sixth year they could no longer maintain the mortage payments and filed bankruptcy again.
The question is can two bankruptcies contain the same debt obligation? If this is not equitable is there a remedy under law?

Two bankruptcies – same debt

Questions — Wed, 15 Feb 2012 19:13:31 +0000

Student Loan

Questions — Wed, 25 Jan 2012 10:02:23 +0000

Is there a chance of my 5 and 1/2 year old student loans old being included if I file for bankruptcy through being in hardship?
What is deemed as being in hardship living in the vancouver area?
Thanks,
~T

Partnership

Questions — Fri, 30 Dec 2011 18:54:57 +0000

We are currently dissolving a partnership business that was operating for 1 year and accumulated: income tax, EI and CPP deductions; supplier owing, over drawn personal credit cards,etc. Combination of bad management, growing too quickly and not having the right employees. Partnership is currently being dissolved. Number of employees down to 25% of original. Can hardly make salary every 2 weeks. What debts can the bankruptcy absolve? One partner has assets, other partner has none. What are possible consequences?

Unforeseen real estate commissions.

Questions — Tue, 11 Oct 2011 23:29:52 +0000

I am a real estate salesman in BC,,, I have no commissions coming in at the moment, but have some clients. but no pending sales.. I have enough debt around $80,000 that I cannot maintain presently… What happens if I declare bankruptcy now, and 2 months down the road I receive say a $15,000. commission?

p.o.

Questions — Mon, 18 Jul 2011 12:33:02 +0000

hello.my question is,i filed bankruptcy in 2000 but i learned recently that i wasnt discharged because i failed to complete the final expense report {period of which i was incarcerated also to the knowledge of the trustee}.am i still in bankruptcy or am i considered never been bankrupt.if im considered never bankrupt can my previous debters come to haunt me. {if they knew}!! sugestion please.

How to file Bankruptcy with NO income

Questions — Thu, 14 Jul 2011 03:22:36 +0000

I have a challenging financial life situation. I am 56 year old, unemployed for the last year and a half. I filed tax returned regularly. I have visa credit debt for 12000, and almost paid student loan. I have a family of three, me my wife and a teenage son.The second child is a part time university student who lives separately. My wife earns net 4200 monthly. We rent an apartment, no car. We do not have any joined loans or credits. But my wife has loaned her visa debt, 13000 to pay monthly for three years.
I do not have resources to pay visa; recently the bank has increased visa interest dramatically up to 24.99%.
Is the personal bankruptcy would be the best choice for me?

bad credit

Questions — Wed, 11 May 2011 16:27:56 +0000

i left canada in late 2008 abandoning my studentloan obligations (15,000) the bank insited on withdrawing the funds from my bank account, making my overdraft disappear ($200) and i guess the payments bounce. I alsoleft behind about (2500)in credit card debt. I am coming back to canada and would like to buy an appartment, but first, i obviously need to clear up my bad credit problem that is surely out of control in collections now, is there a way to fix my problem by settling?
pedge10@gmail.com

bad credit

Questions — Wed, 11 May 2011 16:26:52 +0000