Comments on: When To Consider Filing For Bankruptcy http://canadianfinanceblog.com/2009/09/29/when-to-consider-filing-for-bankruptcy.htm The Canadian Source For Personal Finance Sat, 13 Mar 2010 21:22:59 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: Tom http://canadianfinanceblog.com/2009/09/29/when-to-consider-filing-for-bankruptcy.htm/comment-page-1#comment-2788 Tom Thu, 17 Dec 2009 21:43:31 +0000 http://canadianfinanceblog.com/?p=1554#comment-2788 Carol, It depends on your situation. Do you have any assets that would be taken under a bankruptcy? If you have no savings and nothing but food and a reasonable amount of furniture, then you might be better off under bankruptcy. However, if you have a big screen TV, a large CD collection, etc. these would all be repossessed to help pay the debt. Carol,

It depends on your situation. Do you have any assets that would be taken under a bankruptcy? If you have no savings and nothing but food and a reasonable amount of furniture, then you might be better off under bankruptcy. However, if you have a big screen TV, a large CD collection, etc. these would all be repossessed to help pay the debt.

]]> By: Carol http://canadianfinanceblog.com/2009/09/29/when-to-consider-filing-for-bankruptcy.htm/comment-page-1#comment-2744 Carol Tue, 15 Dec 2009 23:03:28 +0000 http://canadianfinanceblog.com/?p=1554#comment-2744 After filing and having an accepted consumer proposal I am having doubts if there are any benefits to this other than soothing my own guilt. I will pay for 5 long years, then have another 3 tacked on for "bad behaviour". Well, is it not the same amount of time for a bankruptcy? Might as well go bankrupt, then at least you have a chance to recover financially sooner, and still only suffer the same amount of time for "bad behaviour". I see this as a way for trustees to make money, nothing more. After filing and having an accepted consumer proposal I am having doubts if there are any benefits to this other than soothing my own guilt. I will pay for 5 long years, then have another 3 tacked on for “bad behaviour”. Well, is it not the same amount of time for a bankruptcy? Might as well go bankrupt, then at least you have a chance to recover financially sooner, and still only suffer the same amount of time for “bad behaviour”. I see this as a way for trustees to make money, nothing more.

]]> By: Carnival of Financial Planning | ZachStocks http://canadianfinanceblog.com/2009/09/29/when-to-consider-filing-for-bankruptcy.htm/comment-page-1#comment-1726 Carnival of Financial Planning | ZachStocks Fri, 23 Oct 2009 11:53:29 +0000 http://canadianfinanceblog.com/?p=1554#comment-1726 [...] Drake presents When To Consider Filing For Bankruptcy posted at The Canadian Finance Blog, saying, “There are many people who are feeling [...] [...] Drake presents When To Consider Filing For Bankruptcy posted at The Canadian Finance Blog, saying, “There are many people who are feeling [...]

]]> By: The Financial Blogger » Blog Archive » Financial Ramblings http://canadianfinanceblog.com/2009/09/29/when-to-consider-filing-for-bankruptcy.htm/comment-page-1#comment-1410 The Financial Blogger » Blog Archive » Financial Ramblings Sat, 03 Oct 2009 18:50:51 +0000 http://canadianfinanceblog.com/?p=1554#comment-1410 [...] Canadian Finance Blog writes about when it is time to consider banksruptcy. [...] [...] Canadian Finance Blog writes about when it is time to consider banksruptcy. [...]

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