Tag Archives: car

Does A Consumer Proposal Settle All My Debts?
By Ian Martin, CA, Trustee
27 Mar 2015 | Category: Consumer Proposal in Ontario | (6) comments
consumer-proposals

For many people, a consumer proposal is an effective option for settling debts when you are simply unable to repay everything in full. Consumer proposals have grown significantly in popularity in recent years as more people become aware of consumer proposals as a viable alternative to bankruptcy in Canada.  Even…

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If Lender Repossesses Car Can They Garnishee Wages?
By Bankruptcy Ontario Trustee
05 Jul 2011 | Category: Bankruptcy in Ontario
Car Repossession Wage Garnishment Bankruptcy

Question: I am 2 payments behind and trying to make arrangements but they are threatening to repossess the vehicle and then garnishee my wages. What can I do and can they do this? Answer: If you are behind on your payments on a car loan or lease, the lender does have the…

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Bankruptcy in Ontario: What Happens to My House and Car?
By Bankruptcy Ontario Trustee
11 Mar 2010 | Category: What You Keep or Lose
house and car in Ontario bankruptcy

Question: Hi, my boyfriend is heavily in debt and we would like to seek some advise. He has $70,000 in credit card and line of credit debt and is having a hard time coping up with the payments since he only works part time. The only assets he has is…

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