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Dangers of co-signing
Co-signing a loan for someone may seem a simple enough matter: someone whom you trust and know well is unable to get a loan on their own, and they want something very badly, and one little signature from you can make it happen … But co-signing a loan is fraught with...
Bankruptcy after divorce
The break-up of a marriage or common-law relationship has certain financial ramifications for both parties, including the splitting of assets and the creation of equalization payments (support). However, both can be financially draining on one partner (and sometimes...
What becomes of the tools of your trade in Bankruptcy
Many people are aware that in a declaration of bankruptcy, the individual’s assets are seized by a bankruptcy trustee and sold off to satisfy as much of the person’s debts as possible, and then the individual is required to make payments, based on his income, in...