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Comment on Ask a Trustee by Trustee

Trustee — Thu, 11 Mar 2010 20:35:12 +0000

Dianne: It is 6 years from the date of the discharge or successful completion of a proposal. You should not have to call them but do check to make sure they have done it correctly. For more information please refer to:

http://www.bankruptcycanada.com/creditbureau1.htm#bankruptcypolicy

Comment on Ask a Trustee by Dawne

Dawne — Thu, 11 Mar 2010 20:34:38 +0000

I apologize, I just saw your answer. Thank you very much!

Comment on Ask a Trustee by Dawne

Dawne — Thu, 11 Mar 2010 20:33:43 +0000

Thank you for the link to cleaning up your credit. It was very helpful. However, they are talking about an “Asbolsute Discharge” for verification that you have been cleared of debt from bankruptcy. My discharge was a “conditions met”. Is this the same as an absolute discharge?

Comment on Ask a Trustee by Trustee

Trustee — Thu, 11 Mar 2010 20:32:05 +0000

Dawne: Use the “Conditions Met” document.

Comment on Ask a Trustee by Trustee

Trustee — Thu, 11 Mar 2010 20:30:57 +0000

Bill: If you file bankruptcy there will be a stay of proceeding in effect that will prevent wage garnishees and other action by creditors. The province sets the exemptions or assets you can keep in a bankruptcy:

http://www.bankruptcycanada.com/Quebec-Bankruptcy-Exemptions.htm

Comment on Ask a Trustee by Trustee

Trustee — Thu, 11 Mar 2010 20:25:50 +0000

Jana: Probably not unless they registered a lien on the bike.

Comment on Ask a Trustee by Dianne

Dianne — Thu, 11 Mar 2010 17:17:34 +0000

How long after a DISCHARGE FROM BANKRUPCY does the bankrupcy get removed from a credit report? Do I have to call the credit reporting companies? I was told 7 years BUT is it 7 years from the day you delared bankrupcy or from the date of discharge?

Comment on Ask a Trustee by Dawne

Dawne — Thu, 11 Mar 2010 16:30:23 +0000

Thank you so much for the link to information on my credit report. The one inquiry I have is that they state to provide Equifax with your “Absolute Discharge” and the statement showing all creditors that were included. My discharge is a “Conditions Met”. Are they one in the same? Or should I have received another document?

Thank you.

Comment on Ask a Trustee by Bill

Bill — Thu, 11 Mar 2010 15:19:11 +0000

I’m a 26 year old part time student. I have a full time job, where I make about 40,000$ a year after tax. My problem is that I’ve gotten into severe debt, brought on by loans and a credit card that I’ve had to use to help finance my parents and their fight in court against a multi national insurance company. It’s gotten to the point where I can’t pay the monthly payments on my credit card or the loan, I’ve defaulted, and am now being harassed by collections and threatened by a bailiff for my credit card. My debts are around 41,000$ As well because of my household situation, I’m the primary earner in a household of 8 people, helping pay for the utilities, food, mortgage - where the majority of my salary goes to monthly, I don’t even have enough to save, let alone pay my obligations to the loan & credit card.

I’ve come to the reality that I probably will have to file for bankruptcy. My question is will my wages be garnished? As well, will my car be taken? The car is important to the family, as it is the primary mode of transport for the family, it’s used to bring my mother (who has a heart condition) to doctors appointments, and to pick up/drop off the kids.

Sorry for my life story, if you could clarify those two questions. I’m in the Montreal region, in the province of Quebec.

Comment on Ask a Trustee by jana

jana — Thu, 11 Mar 2010 14:24:44 +0000

if i bought a motor cycle for my partner on a credit card he went and put it in his name and now does not want to suport his family can the card company still repo the motor cycle