by Bankruptured » Sat Dec 03, 2011 06:35:07 PM
This site is great, I've been reading for hours.
My sob story doesnt matter lol, but my predicament is this;
I have about 39,000 (13,000+20,000+6000) in personal unsecured debt that I havent paid on in over a year. I have a judgement against me for an additional 5000.00 against a forced sale of my home, and they repossed my vehicle.
I was advised by a credit counselling society to basically lay low and wait for the statue of limitations to take effect.(I Iive in Alberta, so apparently that is two years)-- Unless of course I win the lottery!
I have no fixed address, bank accounts,telephone, or any current credit transactions at all.
So... with all my good fortune I share with you fine people today, what would you recommend?
My main question right now is regarding bankruptcy or a consumer proposal. If I try to "lay low" as suggested and save enough money to offer a percentage settlement in the next couple years and judgements are awarded against me during the time I attempt to save... Will a bankruptcy wipe out those judgements if I declare bankruptcy after the judgements are granted?