Monthly Archives: July 2008

Question: I have a question about Canada student loan forgiveness rules. According to changes to the Bankruptcy & Insolvency Act, a bankrupt person who has been out of school for five or more years may apply to a court to be discharged from their student loans. I am a Canadian… Read more

Question: I am currently paying on my consumer proposal. I kept my car, which is leased, and have been making the payments on my car and on my proposal on time, not missing any payments. The lease on my car is due next spring and I will still have about… Read more

Question: My husband & I own a house jointly. The house is worth $570,000 and the mortgage  is $420,00. While my husband and I each  have $75,000 equity, I owe $69,000 and my husband owes $63,000 in credit card debt. We make a combined income of $80,000.  If we file… Read more

Question: I have a huge $22,000 debt on one credit card.  Since I retired I have been paying the minimum payment, $250 per month.  That only covers the interest. I have another credit card with a smaller debt of about $3,000. I have two pensions, one from work $1,400 per… Read more