You should ask your trustee to explain the implications of a second bankruptcy, which is why in your case a consumer proposal may be the preferred option. I initiated a second bankruptcy 7 years ago. I then had to leave the country and did not make any payments to my trustee. I missed the court date. I now would like to return to Canada. What do I need to do? Am I facing criminal proceedings.

I Filed For Bankruptcy At 23 | HuffPost Life

Not paying for your bankruptcy is not a criminal event. You should contact your trustee to determine what you need to do to get your discharge. Another court hearing will be required, so you will need your trustee to tell you what duties are outstanding to allow you to get your discharge. Since your student loans were not discharged in your original bankruptcy, only the bankruptcy court can discharge them.

You would need to make an application to court and if the court agrees, your loans would be discharged. Your other option would be to file a consumer proposal or a second bankruptcy to deal with the loans. A trustee or a bankruptcy lawyer can provide you with further information. Hi, I am in a pickle to clam bankruptcy or not, the wife says you will go to jail after the third bankruptcy. Thank you for any response. However, with a third bankruptcy a court hearing is required, and it is likely that you will be bankrupt for an extended period of time, perhaps two to three years, or longer.

For that reason a consumer proposal may be a better option to avoid a third bankruptcy. Since you live in BC, you should talk to a British Columbia bankruptcy trustee to review your options.


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What are my options please help?!!! The answer will depend on the value of the house, and the amount owing on the mortgage and property taxes. If you can sell the house and pay off the mortgage and property taxes, that would be the simplest option. A licensed insolvency trustee can discuss your options in more detail, which may include filing a consumer proposal as a way to avoid bankruptcy.

My second bankruptcy was in , when the market crushed.

I took early retirement in because of a bad back. With limited pension income, I have spend all my saving and rrsp.

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How do I get out of this one. You could do nothing until you are working since you have no wages to garnishee if you are not working. Once working you could either file a third bankruptcy which will last for many years, and will require a court hearing to get your discharge , or you could file a consumer proposal to avoid a third bankruptcy if you have an income and therefore have something to propose with. I have had two prior bankruptcies. I am currently on Disability CPP. I am worried and nor sleeping thinking about taxes owed.

Apparently being found disabled by CPP does not qualify as disabled to the CRA so getting hit with taxes owed and bills. Heck my old car got towed when I took Ill ended up in hospital. Now the tow company wants a couple grand to even take my car.

Consequences of Filing Bankruptcy More Than Once

I am terrified that I will end up ill and with nothing to live on. You should consult with a licensed insolvency trustee to determine your options. My fiancee is going to claim a bankruptcy. It is her first. She has her own income, I have my own income. We are not married. Will I be involved in her bankruptcy in any way? It is all her debt and nothing to do with me. We are getting married in the fall. After that I will be claiming my 2nd bankruptcy.

Consider a Consumer Proposal

Will her income have any influence on my bankruptcy? Surplus income is calculated based on the size of your family, and includes all family income. For the first few months of her bankruptcy your fiancee is single, so your income has no impact. Once you are married your income will impact her calculation, and vice versa. However, the family limit size also increases when married. So, to determine if your marriage will have any impact on your bankruptcies, I suggest you contact a licensed insolvency trustee for a no charge initial consultation.

I was talking to a friend the other day who had filed bankruptcy a few years ago. They had a student loan that was supposed to be included in the bankruptcy. During her time in bankruptcy the government did not ask for money to be paid and they accepted the bankruptcy payments over that time, she has even received a tax return this year. Since she was released and she filed her taxes this year they have since contacted her looking for payments to resume.

They are claiming that this loan was not included in her bankruptcy.

How Often Can You File Bankruptcy?

In when she declared bankruptcy they are telling her that she filed too early. Can you tell me how long after the her classes was she supposed to wait to file? A student loan is only automatically discharged if more than seven years have elapsed since you ceased to be a student. Hi there, I had a bankruptcies in AB and was discharged in and am now in Newfoundland and facing a hardship. The second I got paid, I would spend it. It's not as though I was buying anything I needed because at the time I was living at home. However, that didn't stop me from figuring out ways in which I could burn through my funds.

As a result, my parents suggested I never ever get a credit card, because it was guaranteed to lead to trouble. I was only a few weeks into my first semester of college when a credit card company in the Student Union Building lured me in with promises of "building credit," "learning responsibility," and, more importantly, access to invisible funds that were not mine.

I put down my parents' combined income since I was a student, after all , and received my first credit card a couple weeks later. I didn't tell my parents because I was 18 years old, mature and ready to prove them wrong. Me and My Card Being a grown-up means starting a credit history of course so I made my first purchase: I waited until my first paycheck--I had a work-study job--paid off the shoes in their entirety, then bought some more shoes. I also bought clothes. And treated my friends to lunch if they didn't have the money. Once the pizza place started taking credit card numbers, I ordered pizza for me and my roommate almost every night instead of going to the dining hall.

By the time sophomore year rolled around, I had two credit cards and a couple of thousand dollars in debt. However, working at Gap meant wearing their clothes. Before my first day, I bought several "key" pieces in preparation for my fancy new job. Retail comes with some major perks, especially if you're a college student who firmly believes you can never have too many clothes.

I had things to buy, a new gorgeous boyfriend who was an art student in Boston, and someone had to pay for things! When you're applying for a new card, hey, I figured, just put down your parents' combined income and "pad" it a bit with what you assume you'll eventually be making with your fancy degree in English. A few weeks later, I could feel the sturdiness that comes with a new credit card in the mail.

My fella and I would be going to Bella Luna--a great little restaurant downtown that we college kids usually only hit up when our parents were in town-- this weekend after all! I had a job, and if I couldn't swing it, I'd call Mom and Dad for grocery money. And Then a Fourth Once I reached senior year, the boyfriend and I had broken up and I was in need of retail therapy that could only be accomplished with a fourth and final credit card.

By this time, my parents knew about my cards, my father had done his fair share of yelling and had bailed me out several times for my monthly minimums already. I bought myself some shoes, Grey Goose vodka, pizza and went home to drown my sorrows with my shoes on, of course, as they cost a pretty penny. My parents had washed their hands of helping me, because I ignored their warnings, and, frankly, it was not their responsibility to help me if I was too stupid to realize what I had done. True to form, I defended myself: I'm an English major! Numbers are not my thing!

Credit card companies are liars! But really, the only person lying to me was myself. After graduating, once that first college loan kicked in, I knew I had royally screwed myself. Not only was I in debt to the credit card companies, but I was also in debt to the University of New Hampshire for a hefty sum, too.


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