Archive for November, 2006

How is the surplus income calculated. Im already in bankruptsy but have more than the required allowed now. How much more would i have to pay at the end of my bankruptsy. Im already paying 200.00 a month now. Am making 3400.00 take home a month for a family of 3.

Today I had a consultation with a trustee regarding bankruptcy proceedings. I explained that I was on welfare (Canada Works) and had absolutely no extra money for fees and costs. I was told that unless I could come up with thirteen hundred dollars now and one-hundred and seventy-five dollars per month, that I could not proceed with bankruptcy and should just ignore my creditors. Is there another alternative?

signed “Desperate”

I requested interest relief on my $60,000 student loan and was told I make too much money. I only make 3,500/month gross and have to pay $1,000 in rent alone. My credit cards are maxed out and I have $10,000 line of credit. I only make minimum payments on these. I don’t understand why they only look at my salary and don’t consider my other debts and dependents. Any ideas would be greatly appreciated. Thanks

If someone is licenced by omvic to sell vehicles, can they lose or have restictions on their job, as a result of declaring bankruptcy in Ontario?

Promissory note to grandmother in 1995 for $25,000. She passed away in 1996.
My brother who was executor of her estate is now demanding payment plus interest.
First time request/demand ever made.
Is this still enforceable?
If so, would I be able to declare bankruptcy ?