former US resident alien/Canadian returning to Canada

Due to loss of employments in the US (4 states in the last 8 years)due to circumstances beyond his control, a Canadian citizen came back to Canada to accept an employment after 8 years of being a permanent resident of the US. His unfortunate situation needless to say cause him to be insolvent on both sides of the border. He had left leaving behind almost $35,000.00US in credit card and line of credit debts and another$70,000Cdn.w/c he is unable to repay with his insufficient employment income. His last placeof residence is Georgia. Pls. advise.
Answer

I am not a Bankrutpcy attorney but I suggest you have a real good look at Chapter 7 in states if you want to get back in shape there and a Consumer proposal in Canada. either way you will likely have to put an legal end to your debts in both places and start over.

It\'s all good of course!

Hey,
I love what you\'e doing!
Don\'t ever change and best of luck.

Raymon W.

Thanks. DR

Chapter 13

I have an attorney and filing chapter 13. Our home is in forclosure and quite a few debts. Will it take care of our honme save it. Still concerned. Thans Connie & victor

Thanks for the question, I am not an attorney but feel that'

Likely chance your home will be ok since your Attorney is filing for your 13 there will be a stay of proceedings meaning that no one can pursue any actions against you from the day of filing on.. The 13 is a wage earners repayment plan, your secured creditors will have to be delt with first but they, if you can show them reason too, will not wish to continue with the foreclosure. The biggest thing in my mind is that you work extremely closely with your attorney. If they are a good reputable firm they will see the need to put the ducks in the right row and make the appropriate calls and documents out on your behalf quickly.

Student Loans

I have student loans and if I pay them off using my high limit credit cards then I will have 25,000 in credit card debt.

If my student loans are on my credit cards and then I file Bankruptcy, can my credit cards be discharged?

There is a very good chance that the card companies will do an investigation on where all of these either "cash advances" went or to whom the payments are going to. Likely, if provoked they may be able to make life extremely difficult for you through the courts as the action may be viewed as Fraudulent? The card companies are becoming very wiley in Chapter 7 issues. You may be able to negotiate a settlement with the student loan people that will be less risky and more proprietary in the long run

chapter 7

Can I file a chapter 7 bankruptcy to stay a sherif sale on my house.I am not trying to save the house. I just want to buy more time.

Answer? Buy more time for what? If you are at a point of sale where the Sherif is involved then a bankruptcy will not likely help too much.

Chap. 13 Stops Foreclosure but Court Denys Confirmation of Plan

In order to stop Foreclosure of my home, I filed for Chap. 13 (Minnesota) one day before the Sheriffs Sale. However, if I do not have verified employment by the Trustee hearing date, the Trustee would surely request the Court to deny confirmation of my Petition and Plan.
QUESTION: How would the Foreclosure/Sheriff\'s Sale proceed if my Petition & Plan were not confirmed by the Court?

Question commented on in Forum. Thanks.

Attorney

I have already filed a Chapter 13, I am over 2 years into it, I am looking a purchasing a home, do I have to go thru and attorney to get permission, or can I contact my trustee myself?

I figure if your Chapter 13 is up to date and things are going well then contact the Trustee yourself and copy your attorney. Why pay money for services not needed? If the trustee doesnt like your contacting them then they will let you know and you will then do it differently.