Hi,
I just found out my husband gambled away $300,000.00 and we are broke. When he declares bankruptcy I want to be left out of it. What will he lose and how will it affect me. We have a house. I have purchased most of the newer furnishings, have my own car and have no debt whatsoever. We do share the title on the house and thanks to him and some lying to me, we now have a $115,000.00 line of credit on the house. It was completely paid off. I am not going to leave him. I would like to help him in any way other than financially. I have a few thou in my account which doesn\’t amount to much in this case. thanks
Free Information About Bankruptcy in Winnipeg Manitoba
Archive for the ‘bankruptcy Winnipeg’ Category
leave me out
lhlSeaEHmpgWCkJcK
At last, seomone comes up with the \”right\” answer!
what are my options?
i have a 3500 visa debt and 16,000 student loan debt and recently lost my job. i have been struggling paying bills for the past 5 years and it\’s only getting worse, with missed payments and raised interest rates. i have talked to my visa representative and they set up a payment plan but it\’s still hard to manage and it\’s been really difficult finding any work, even part time. I don\’t know what to do from here.
Car Lease
My husband has a car on a lease from a company in Winnipeg, which we had a co-signer on. With child support garnishments, and then loss of employment, the payments were not being made on the car, and bills piled up. He is now considering filing for bankruptcy, but what happens to the car, and is the co-signer then left holding the bag?
bankruptcy info.
can i keep my vehicle& my house if i declare bankruptcyi am not working .Iam mentally not able to function& physically very drained i have lost my 17 yr old son in afiery car crash;also going through a nasty divorce i am left pennyless ;iasked my husband for help; without results i lost all my savings toalawyer in wpg.13000.00. did absolutely nothing.my husband has his lawyer working on it; its been going on 2 yrs; at the end of my rope.collectors harrasing me steady .cant take it can you help
Bankruptcy Payment change
is it normal for a person who is making say a $500 paymnet to be reassesed half way into the 21 months and have it increase to 950
I have not had a increase in pay but i have recieved profit share but I have also been told that I now have to pay a arears as well that is much more substantial than the profit share from my employer
Excessive Loan on Vehicle
Question: Hello, I consolidated my credit cards and vehicle loan into a single loan with approximately $30,000 owing, transferring the vehicle lien to this new loan. My car’s current market value is about $8000. I have never missed a payment but living cheque to cheque because of the payments and stressing over whether to buy “that next jug of milk” has me exploring options. Is it possible to surrender my vehicle and declare bankruptcy with a solid credit history? Or perhaps pay the value of the vehicle to retain it and be discharged from the remaining debt, although the car value exceeds the exempt amount? Thank you.
Answer: You could file a consumer proposal or declare bankruptcy. If you go bankrupt you can continue making the loan payments and keep the vehicle, but in your case that means you will pay $30,000 to keep a vehicle worth $8,000.
Alternatively, if you go bankrupt or file a proposal you could surrender the vehicle to the lender. They would sell it, and then file a claim in your bankruptcy for the shortfall. You would not need to make any further payments to them, but obviously you also would not have your vehicle.
Third, you could file bankruptcy and then negotiate with the lender, and ask them to reduce your loan to $8,000, which is the value of the car, so that you only make payments on an $8,000 loan. It is very difficult to get the lender to agree to reduced payments, so this is not a likely option.
If you cannot make the payments, surrendering the vehicle may be your best option prior to bankruptcy, and then you may need to talk to family and friends to see if they can assist you in purchasing or borrowing a less expensive vehicle.
Bankruptcy Advice in Winnipeg
Question: Where can I go in Winnipeg to enquire about filing for bankruptcy? I would like to go for advice and to a place that does not cost any money?
Answer: We provide free consultations to help you decide whether or not bankruptcy is right for you. Contact our Winnipeg bankruptcy offices today by phone or e-mail and we will help you review your options.
leave manitoba after bankruptcy
Question: Can a person move to another province after they have claimed bankruptcy in Manitoba?
Answer: Yes, there are no restrictions on where you live, provided you complete your credit counselling sessions and complete the other duties required by your trustee.
Minimum to File Bankruptcy in Winnipeg
Question: I have a question, whats the minimum amount that you can file bankruptcy in Winnipeg? My boyfriend doesn’t t have a proper full time job can he still file bankruptcy? and also how can he find out what he owes the creditors?
Answer: By law you must owe at least $1,000 to file bankruptcy in Canada (the same rules apply everywhere in Canada, including Winnipeg and filing bankruptcy in Ontario). In practice, you will only file bankruptcy if you cannot pay your bills. You will want to first consider all of your options, including filing a consumer proposal.
You do not need to have a full time job to file bankruptcy, although it helps. If you are not working your wages cannot be garnisheed, so it may make sense until he is working to file.
To find out what he owes the creditors, he can contact them, or he can request a copy of his credit report from Equifax or TransUnion.
