no... i'm not going to delete you! we appreciate the input and comments.

my apologies.. usually i try to get around with everybody, but i've been held up with projects etc... the site redesign is pretty time consuming.

You're going to bear with me as I familiarize myself with this site, aren't you? lol..

I just think it's important for visitors to at least be acknowleged, when possible. When creditors are after you, or other financial nightmares are on your doorstep, it's a blessing to be heard.. and seen, as a person.

Are you ready to delete me yet, Monty? lol...

lol..
I've also started a faq on the site here for bankruptcy
/faqmaster/faq.php?category_id=11&cat_name=Bankruptcy%20for%20Canadians

For student loans , we don't specialize in those here. The laws regarding student loans, their contracts and guarantees are beyond my experience.

bumbo1983,
Best call a bankruptcy trustee and ask for a 10 minute free consultation

Good day, and welcome to the CMA board

I'm not qualified to answer those questions, but perhaps this link might assist you in some way?

http://www.bankruptcy-canada.ca/FAQ.htm

Hello,
Approx 4 mos ago i did two balance transfers from a credit card to a student line of credit (i did this b/c my co-signer couldnt get financed for a car w the debt). The 2 transfers total just over 9k. once he got his car, i was going to transfer the debt back to the credit line, but he went into the bank, paid the remaing 200dollar balance, said he didnt want to be co-signer anymore. The bank froze acct, and said i needed a new co-signer to use the credit line. i couldnt find one, so acct got closed.

My monthly payments are now too much on my cc. i have about 23k unsecured debt. my income is social assistance bc i am a single mother of twins.

If i file for bankruptcy will those transfers be preferential payments? What if 160days has passed? Could my ex-friend get into trouble? or be responsible for those balance transfers? How often do creditors object? is my case likely to lead to objections or further headache?
thank you