Yearly Archives: 2010

Do I Need A Bankruptcy Lawyer or Trustee?
By Bankruptcy Ontario Trustee
04 Mar 2010 | Category: Bankruptcy in Ontario | Bankruptcy FAQ
Ontario bankruptcy trustee or lawyer

Question: It is my understanding that the bankruptcy trustee works mainly for the creditors. Does that mean that I should see a lawyer before I consider discussing my debt and credit issues? A Bankruptcy Trustee can best be described as a referee in the bankruptcy process. Good question. It is…

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Questions Regarding Bankruptcy – Gambling Debts
By Bankruptcy Ontario Trustee
17 Feb 2010 | Category: Debts In Bankruptcy
bankruptcy and gambling debts

Question: I have several credit card debts in my name that have been caused predominantly due to my gambling problem. It is coming to the point that I can no longer make payments on the cards due to my over use of them gambling. Currently I am married with 2…

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Co-signers Responsibility in a Bankruptcy Filing in Ontario
By Bankruptcy Ontario Trustee
19 Jan 2010 | Category: Debts In Bankruptcy
co-sign debt

Question: My friend co signed on a line of credit for her friend who is about to file for personal bankruptcy. My question is what portion of the line of credit is she responsible for? Will she be responsible for the entire line of credit? How will this affect her…

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