Archives for July, 2006

Non-dischargeable Debts

In my last posting I spoke about whether a debt is dischargeable and realized this can be somewhat confusing to the people I meet.
Some debts are very clear, such as child or spousal support, when deciding if they are dischargeable. Others are not.
A quick and simple list of non-dischargeable debts is:
- fines, penalties, restitution orders […]

Filed under: Bankruptcy London | Posted on July 26th, 2006 by normayau | No Comments »

Lawsuits

There are many types of lawsuits and the impact can be slight or severe on a debtor’s financial situation.
Creditors must issue a statement of claim, one of the first steps in a lawsuit, in order to collect funds by garnishment or court orders. This is what collection agencies mean when they say the next step […]

Filed under: Bankruptcy London | Posted on July 20th, 2006 by normayau | No Comments »

I would like to do a proposal but my income changes during the year.

And you are thinking: how can I make a proposal such that the creditors will accept it?
I just met with someone who has income that can vary from as high as $2,800 a month to as low as $1,800 a month. This person wanted to do a proposal but during the lower income months it […]

Filed under: Consumer Proposals | Posted on July 11th, 2006 by normayau | No Comments »

Susan Jung
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