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Hi
I am not sure if this is the right place to ask or not…
I started appying for credit cards using a `Potential` business that I never did get going and `potential` income, or listed income both my roomate & I make TOGETHER, so it was really false info. Does this mean I can go to jail as I am thinking the creditors will call me a liar???? I am only on social assistance and have been disabled for yrs but am young. Now I owe in debt $70,000 and I am afraid they will put me in jail as I have NO assets. Please give me a heads up if I am now considered a criminal

In January 2003 I filed a consumer proposal. This proposal was annulled because I couldn’t afford the payments. In July 2005 I filed a bankruptcy but I didn`t finish the bankruptcy as I found the paperwork to difficult to keep up on. What can I do now?

I have a RRSP. The money in it came from the roll over from a company pension plan when I left the company. I do have other normal RRSP’s that I understand would not be protected.

Am I correct?

I have heard that if you have completed your studies all you have to do is wait for 2 years and then your loans are earased?

Is that right?

I have a small proprietorship. I owe more money than I can afford to pay back on credit cards and a line of credit. My biggest concern is the government. I owe CRA arioound $25k and they just started contacting my clients to direct payment to them. I have two real questions: Will bankruptcy help get rid of the debt to the government? Can the government seize money in a joint chequing account I have with my wife?

I was wondering, what is the downside of filling for Bankruptcy?
I understand this is a last resort type of thing, but what are the negative effects doing this?

Due to the aftermath of the collapse of my 30 yr marriage … I am looking at options. A claim was filed against me in civil court regarding a motor vehicle accident that was not judged to be my fault .. no charges were laid. Therefore my insurance company rightfully refused to cover it. The plaintiffs insurance company took me to small claims court and sent the paperwork to my former address .. and my ex never bothered to get it too me until it was too late to appear and defend myself. They got a judgement in my absence .. and then to my great suprprise .. they were able to get my drivers license suspended .. .. thereby taking away my means to gain decent employment. If I was to claim bankruptcy … would that judgement be allowable … and would the suspension on my license then have to be lifted ?

I filed for bankruptcy in 2004-2005, due to an ongoing divorce, and unseen circumstances, my bankruptcy is not finalized yet after 4 years, what options do I have.

I am self employed. I have been running my business since fall of 2004 and I am still not taking a salary. My debt is huge, it is spread between credit cards and a couple of bank loans. The biggest loan has been signed by my husband as well and all the rest is in my name alone. The only other exception is the mortgage on the home, that is both our names as well. Can they make us sell the house to pay my debt? I don`t know what to do, I owe $65000.00 on top of this joint loan and am not making enough. What can I do?
What can I do?

Right now I am $200k in the hole and have never missed or even been late for a payment. But I am in a position where I am not going to be able to keep this up much longer so am considering a proposal. My question is whether or not my positive credit rating will give me a better or worse likelihood of the proposal being accepted, or does it have any impact on the process at all?