Question: Hi there, I’m researching my options with the possibility of filing for bankruptcy. I’ve recently met with a trustee in Mississauga who is requesting 21 months worth of post dated cheques for approx $303 per month, with the first payment in cash. My income surplus is about $600 per month. I’ve read that the timing is approx 9 months so why 21 months at $303 per month with first payment in cash? I’m questioning credibility with this trustee. I’m a single mom. Please help with this question. Much appreciated.
Answer: First, you are correct to question the credibility of a trustee that asks for post dated cheques in a bankruptcy. Most tru
07 May
Posted by Ebony Culley as Credit Report
The following is an epic tale of medical and financial wrong-doings.
Sixteen years ago, Michelle DiLieto had her reproductive organs surgically removed following a diagnosis of cancer. A wrong diagnosis, it turns out. With huge medical bills and ongoing complications, the Connecticut resident filed for bankruptcy the next year.
Ms DiLieto sued her doctors and Yale University in January of 1997; however, the case slogged through the judicial system for a year, eventually landing at the state Supreme Court in 2010, where a $9.2 million judgment in DiLeito’s favor was upheld. Currently, she is involved in another court fight with Michael J. Daley, her former bankruptcy trustee, a disbarred Farmington lawyer who is facing prison time and who charges that DiLieto owes him $80,000 in legal fees. <
16 Apr
Posted by Ebony Culley as Credit Report
The abuse was so prevelant but the defense, the insurance company, and the lawyers representing the insurer caused the plaintiff to spend over $ 200,000.00 prosecuting a case for Nursing Home Abuse and Neglect says California Nursing Home Abuse and Neglect Lawyer Steven Peck.
The victim was supposed to receive physical therapy after a fall caused a broken leg and an operation to fix the broken leg then what was supposed to be a short stay in a California Nursing Home for rehabilitation. Unfortunately, for Ms. Jones, she ended up with horribly infected fourth degree bed sores also known as presssure sores and decubitus ulcers, extremely dehydrated and malnourished, and with the worse leg contractures that my office has ever personally seen.
Question: Can a person file for personal bankruptcy if he makes $95,000 per year just to spite his estranged wife whom he has left financially destitute? This is his threat to her all the time.
Answer: To file bankruptcy in Canada you must be insolvent, meaning either your debts are more than your assets, or you are unable to pay your debts as they become due.
Consumer spending rose 0.8% in July after a June decline, alleviating at least some fear that the U.S. economy is teetering on the brink of a double-dip recession. Commerce Department data show that personal income increased 0.3%, just slightly higher than 0.2% seen in June. These figures suggest that the world’s largest economy is, perhaps, not slowing as rapidly as some had feared.
In an article on www.washingtonpost.com, economists anticipate that Americans will increase their spending this fall, helping avoid another serious decline in the U.S. economy. Consumer spending accounts for 70% of the country’s economic activity.
In another heartening economic development, the American stock market closed higher this past week , spurred by Federal Reserve chief Ben Bernanke’s advice to government powers-that-be to provide additional aid to the economy, as reported on www.chicagobusiness.com. Sto
New data from the Australian Bureau of Statistics statistics indicates that one in four Australians is living beyond their means.
According to the ABS, 43.3 per cent of low income households said they would not be able to raise $2,000 for something important in a week.
Furthermore, only 17 per cent of these households said they could put some money aside towards savings from their income, while 46 per cent of medium to high income households said they would have no difficulty saving.
More than 10 per cent of low income households have had to at times go without meals due to cash flow problems, while 8 per cent had resorted to pawning or selling possessions.
Internet inquiries for debt assistance, debt consolidation and small bad credit loans are continually increasing in yet another indication that the number of Australians unable to approach banks for loans is also on the increase.