Ontario Personal Bankruptcy Blog: February 2007: Answers to Personal Bankruptcy Questions

Posted on Wednesday, February 28, 2007

Bankruptcy in Ontario with no job

Hello,I'm in serious problems financially with now over 100K in debt and no job income. I"m merely juggling advances from one credit card to pay off another and trying to sell some assets to pay them down but the 19.5% interest is killing me. My question is, can I file bankruptcy in Ontario with no job ?

Labels: bankruptcy, bankruptcy Ontario

Posted on Wednesday, February 21, 2007

bankruptcy & disablity

Hi I am on a permantent disablity via ODLP, and my student loans about to reach the 10 yr mark, I am hoping to declare bankruptcy on them but have been told that the fee will be over 200/mth for the 9 mths following the filing, is this true and is there any way I can declare with a lower monthly fee due to undue hardship, or is there any community programs to assist in the regards??

Labels: bankruptcy, bankruptcy Ontario, student loans

Posted on Tuesday, February 13, 2007

Income Tax returns and bankruptcy

If you declare bankruptcy, how does this affect Tax Returns?

Posted on Saturday, February 10, 2007

10 Year Student Loan Discharge

I recently was awarded a student loan discharge (all my student loans both provincially/federally) were discharged/expungged. I have a couple questions.
Question 1: Are the student loans ALWAYS included with the bankruptcy that was initially filed (in my case filed on Jan 10th, 2003-by Oct 2003 I was discharged), so that means with Equifax they are released on Oct 2009 (six years after discharge date)--wanting to get a house with my spouse?
Question 2: What is the process (how does it get to Canada Revenue Agency to be removed off their records for Canada Student Loans (federally) and Ministry of Education & Training (provincially--for Ontario)==Is there anything that can speed up the process, by faxing to certain offices, etc.
By the way for anyone reading my posting I paid $1700 for the court process and in Northern Ontario it was rather quick for the entire process. Please let me know. Thanks.

Posted on Sunday, February 04, 2007

credit bureau and bankruptcy

how long does a bankruptcy in Ontario stay on your credit bureau

Posted on Thursday, February 01, 2007

What happens now?

We claimed personal bankruptcy in October. We had secured loans through Citi-Financial which included household goods and our car. The arrangement was that Citi-Financial would pick-up these items and the car yesterday. I contacted the office and confirmed that they would be here to pick up the items and the car. This did not happen. What happens now? Do we wait and expect more calls from them? Will my trustee contact them to finalize everything? Unfortunately, my trustee does not return my calls.