Archive for November, 2008

Debt incurred frauduently

Thursday, November 27th, 2008

When a debtor admits in writing to a creditor that they have incurred their debt frauduently, what happens to that debt in a bankruptcy?

Posted from: Ontario

Secured Credit Card

Thursday, November 27th, 2008

I have filed for bankruptcy and I am half way done, before I should get discharged. First time bankruptcy.
1) Can I apply for a secured credit card even though I have not been discharged ?
If so, will that affect my bankructy process or extend my period before I get discharged ?
THANK-YOU

Posted from: Ontario

Who s Official Receiver?

Wednesday, November 26th, 2008

Recently, I filed bankruptcy and have a meeting with officer receiver? I don’t know about law anything Can some one explain what s that about it/Is she /he the one make a decision about file?after meeting will I go to court and defend myself?

Posted from: Ontario

Tuition contribution

Wednesday, November 26th, 2008

I have $10 000 . in my bank account and need to declare bankrupcy.
Can I give my 18 and 23 yr old daughters
my half of their tuition fees .
(Their mother, my exwife gives them the other half.)
This is financial support of my children as I see it.

Posted from: Ontario

Feds Buy $600 Billion in Mortgage-Related Assets

Wednesday, November 26th, 2008

In another attempt to quell the growing financial crisis, the Federal Reserve announced Tuesday it will buy up to $600 billion in mortgage-backed assets. The Fed will purchase $100 billion of Freddie Mac, Fannie Mae and the Federal Home Loan…

proposal duties

Wednesday, November 26th, 2008

Are there `duties` associated with the acceptance of a consumer proposal as there are with filing for bankruptcy ? And what might they be ?

Posted from: British Columbia

Bankruptcy

Wednesday, November 26th, 2008

If a third bankruptcy is declared, you stated it would take longer and court appearance would be unpleasant….would a personal appearance at court be mandatory?

Posted from: British Columbia

RESP and banckruptcy

Wednesday, November 26th, 2008

Hi

I opened an RESP for my daughter 3 years ago with the minimum of $2000 and automatically, there has been about $1500 grants from government added to this account. I haven`t been able to contribute anything since then. I am in debt and was wondering if the creditors are allowed to withdraw money from this RESP account ! specially the bank where i have this account and i owe them in the meantime.

thanks.

Posted from: Alberta

Discounted Legal Services Scam Or Shelter For Your Affairs

Wednesday, November 26th, 2008

You’ve checked your sources and get input not to trust those so called discount legal services. You hear nightmare stories about how they did nothing to solve your acquaintances problems. You keep on searching hoping to find the truth, no end is in sight for the solving of your problems. Your hope diminishes before you ever get an answer tho solve current situation. You decide to go ahead and investigate your own issues with the providers however you need a membership before you ever begin. Where do you start, who do you trust and who will provide you with the most bang for your buck.

Has the Sky Fallen For Victims of Financial Distress Needing Bankruptcy Bailouts?

Wednesday, November 26th, 2008

With the changes in bankruptcy laws, financial bailout and foreclosure rates skyrocketing homeowners need assistance in closing fears and saving their financial lives. When the stress and anxiety overwhelms people they are driven to make choices that could affect their financial lives. Before you make a choice that could haunt you for years after your decision you need to sort out the truth. Take the time to learn how to protect yourself from fraud, lies and receive the proper information you need before it’s too late.