Quote Originally Posted by king2005 View Post
I went through bankruptcy, & I got to keep my car.. there is "limit" on how much your car is worth in the "Black Book" & if you still owe on the car, then it's also up to the company that you have the loan with.. My car was in the Clear for the Black Book, & the company I had the loan with said they will give me some time to get caught up & if I keep on track , then there is no reason to take my car away. 2yrs later I now OWN my car.

Please don't think that every that goes into bankruptcy used it as a free ticket. My ex (long term b/f) left me with an insane amount of debt. I tried to keep it under control, but I just couldn't afford it & food at the same time... Then the bills grew out of control & I was getting behind... Before my credit took a dive through doo doo creak, I tried to get help.. they refused me, so I was stuck with bankruptcy... best thing I did.. loads of stress releaved & I was off to a fresh start on my own.

Not sure how things work in the USA though... I only know Ontario, Canada's laws, & only some of them...
Hi!

Thanks for the info. I know Canada may be different than in the States.
How, may I ask, did your boyfriend saddle you with debt, if you were not legally bound to him? That is scary, and I'm sorry you got caught in that mess.
I have a friend that her divorce cost her $20G in debt repayment for her spouses debts. It left her credit in ruins too.

I am so relieved that I was able to get out of my predicament without being strapped with his debt.

Still, I'm wondering about the $1500 I have to hand him as a part of the divorce settlement.
Does anyone know if he gets to keep it? Or will they seize it as part of any repayment? In either case, it feels like I'm throwing that money out the window, when I REALLY need it, right about now.