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Are you protected from U.S. creditors in a Canadian banruptcy? What about civil penalties and fines imposed by the federal government?
Posted from: Manitoba
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You do not want to attempt bankruptcy on a do-it-yourself basis, because you could end up losing much more than you would pay in a bankruptcy lawyer’s fees. This article explains why that is the case.
Nevada Senator John Ensign (R) has raised a fuss that may be delaying the housing bill being considered in the Senate currently. The bill is Congress’ most comprehensive and ambitious response to the housing crisis, offering the chance for nearly 400,000 homeowners to trade mortgages with skyrocketing interest rates for fixed-rate packages with government-backed loans.
Ensign, however, wants none of the bill if it doesn’t include a proposed amendment to add $6 billion in tax breaks encouraging renewable energy renovations and implementations for homes. While many Democrats approve of measures to increase use of renewable energy, they oppose Ensign’s bill, which does not pay for itself. His proposal would likely languish in the House of Representatives, where a majority of Democratic representatives have pledged not to vote for bills that would increase the deficit.
It remains to be seen whether Ensign’s one-man battle can last long. Senate Majority Leader Harry Reid, Ensign’s counterpart from Nevada, expects the housing bill to be voted on early next month.
If you’re ready to put your debt behind you, take a look at Total Bankruptcy’s latest pages on eliminating debt, which outline basic steps anyone can take to pay off debt and establish financial security.
There is no doubt that filing bankruptcy is detrimental to your credit rating and that most counselors will tell you that you should wait about three years after filing before you attempt to rebuild your credit. However, there are some different things you can try to start improving your credit rating.
If I receive Social Security payments from the United States, are they considered income when filing bankruptcy. In the USA Social Security is exempt from income.
Posted from: Ontario
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Not every transfer of property is valid. In fact, many are fraudulent transfers to avoid paying creditors.
It may come as a surprise that credit is readily available after a bankruptcy. In fact, lender are often contacting bankruptcy individuals prior to the case completing.
Is it possible to file bankruptcy outside of Canada if all the debts are Canadian?
Posted from: British Columbia
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how do i start a claim of bankruptcy? i have no credit rating and it is old debts and student loans where do i start?
Posted from: Saskatchewan
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