I've been on income security (unable to work for life) for a long time and I have debts on three credit cards totaling about $6,000. I haven't paid my cards in a while, and the credit agencies are calling me. I have no money to give to anyone. I live in a room in someone's house and I'm not on the lease, which is in their name. I have no possessions or money. Everything here belongs to my roommate, who is also unable to work. Is there a risk that my roommate's belongings will be seized?
That's highly unlikely.
Nevertheless, you should consider a solution like bankruptcy to end your debt situation.
Nevertheless, you should consider a solution like bankruptcy to end your debt situation.
Questions reliées
- 1. Can I file a consumer proposal or a joint bankruptcy (I'm getting different answers depending on the trustee I consult)? 2. Does personal bankruptcy or a proposal affect someone who is a member of a professional order? 3. I would like to know if I can be released from my student line of credit by filing for bankruptcy or a proposal, even if I have a co-signer for this loan. 4. Regarding personal belongings, I saw that there is a form to fill out to declare all our possessions, such as cameras, computers, and sports equipment, so that we can keep them while paying compensation to the trustee. I would like to know how this works and what the compensation is like (very expensive?).
- A debt collection agency contacted me at work today demanding payment of my credit card ($800). They wouldn't make any payment arrangements other than full payment or they'll garnish my wages. I have some other debts from a former cable company ($300), and my current accounts aren't entirely up to date. I don't earn a high salary and I don't have much credit, so debt consolidation would almost certainly be denied. Should I file for personal bankruptcy? The rather unpleasant man who contacted me today said that with wage garnishment, I'd probably have to pay back $1400-$1500 in total on an $800 debt. Furthermore, if my wages are garnished, I won't be able to pay my rent, my bus pass to get to work, and my other bills will likely go into collection as well. How can I pay a bankruptcy trustee if I don't have any money?
- Are household appliances subject to seizure?
- Can a car financed by an auto loan (the bank holds a lien on the vehicle until full payment) be seized by the government if money is owed in taxes?
- Following a separation, I had to buy new furniture on credit at a cost of $4,000. I still have a balance of approximately $3,100 on that loan. If I include this amount in a bankruptcy claim, can they seize all the furniture I purchased?