Personal Bankruptcy Canada Blog

garnished wages

Fri, 20 Nov 2009 05:11:37 +0000

are you charged interest when your wages are being garnished? Posted from: Manitoba

bankruptcy and lien

Fri, 20 Nov 2009 01:10:28 +0000

if goverment lien your property and then you file bankruptcy.do they seize your house and sell it and can you still live in it. Posted from: Ontario

In debt during consumer proposal

Thu, 19 Nov 2009 17:52:00 +0000

I am into my 2nd year of a consumer proposal and I am currently $5000.00 in debt. The debts are mostly cash advances where you pay very hight interest and fees. I was wondering if I could file a 2nd consumer proposal for these debts. Posted from: Quebec

President

Thu, 19 Nov 2009 17:28:13 +0000

A company declared bankruptcy in Nov 2009. The company did not file its T2 for its fiscal year ending Dec.31, 2008. 1. Is company obliged to file its 2008 and 2009 T2 returns? 2. Is director obliged to pay any corporate income tax that may be owing? I understand that unpaid GST and employee deductions at [...]

My trustee destoyed my files

Thu, 19 Nov 2009 17:00:00 +0000

I was recently approved for a mortgage and the lender requested copies of my Statement of Affairs and bankruptcy paperwork. I have the Discharge papers but the paperwork for it was lost. My trustee no longer has the files. Where can I get them from? Posted from: Ontario

can creditor be asking for any repayments after bankrupcy ended.

Thu, 19 Nov 2009 13:33:22 +0000

can creditor be asking for any repayments after bankrupcy ended. Posted from: British Columbia

Is Emplyment necessary requirment for Consumer Proposal?

Thu, 19 Nov 2009 01:25:31 +0000

Is Employment is necessary for Consumer proposal? I am thinking of filing consumer proposal for my 55000 credit cards debt. I do not have job. In case of bankruptcy, I will loose nothing, however, in Consumer proposal i am willing to pay some amount. I m looking for job… Posted from: Ontario

When the Crditor start suing its debtors

Thu, 19 Nov 2009 00:59:50 +0000

I have a $ 50,000 in unsecured (credit Cards debt). I have nothing to pay my creditors. No mortgage…..nothing to loos in bankruptcy. And from this month I am unable to pay my minimum Payments. I was thinking of filing consumer proposal, however I do not have a sound employment right now. 1. Is [...]

home, cmhc and bankruptcy

Wed, 18 Nov 2009 21:36:30 +0000

should i have to pay back cmhc after claiming bankruptcy Posted from: Nova Scotia

Voluntary repossession of vehicle.

Wed, 18 Nov 2009 19:07:48 +0000

I gave back my new vehicle which I purchased 6 months ago voluntarily due to separation and not being able to pay all bills + house and support 2 children. Now my bank is saying that they will sell the car at auction and I am responsible for the difference - they will garnish [...]

Can I go self employed again

Wed, 18 Nov 2009 14:52:14 +0000

I was self employed and claimed bankruptcy about 5 years ago. How long do I have to wait untill I start again Posted from: Ontario

The old student loan

Wed, 18 Nov 2009 06:42:59 +0000

Hi I had a student loan in 1991 and moved abraod and didn t pay it.. What happens if I move back to Canada? Is the loan still `live` or has it been dissolved due to non payment over such a long time? Posted from: Manitoba

Help with consumer proposal

Wed, 18 Nov 2009 02:27:46 +0000

What cash flow would be sufficient to file for consumer proposal?I am on EI and have a small part time job,and my husband just started two year carreer retraining program,so we both bring home arround $3300.Altough we hardly manage to cover our basics now,without minimum payments on unsecured credit card,we feel we would be able [...]

RRSP` loan

Wed, 18 Nov 2009 01:57:50 +0000

Hi there almost 4 years ago I took out an RRSP line of credit I had the loan and my husband has the RRSP`s I have claimed bankruptcy what happens to the RRSP`s the original loan was for $17,000 and I got it down to approx $8000.00. Who owns the equity? Posted from: British Columbia

mr worried

Wed, 18 Nov 2009 00:52:28 +0000

i owe on a line of credit from my bank as well as a few credit cards and am not living in canada at the present time. i am very delinquent in paying my debts off. what will happen if i return to canada?will i be able to claim bankruptcy? or what is my best [...]

student loan discharge after bankruptcy

Tue, 17 Nov 2009 17:46:49 +0000

i was discharged in january 2004 and my 12000.00 student loan from 1996 was not included but someone told me that now i can apply to the courts to have it included in the bankruptcy from 2004 do you know how i go about this and does the courts usually allow this or will [...]

group RRSP

Tue, 17 Nov 2009 14:15:49 +0000

I`ve been reading your posts about RRSPS. My question is particular to BC. If I have a group RRSP (where both myself and my employer make contributions) and I file for bankruptcy, can I make contributions to the RRSP after the day of bankruptcy? If so, can these contributions be recovered by the trustee? I took [...]

Pay Day Loans

Tue, 17 Nov 2009 03:23:04 +0000

I have 3 payday loans and can no longer keep up the payments and am considering bankruptcy. Will they be included in the bankruptcy? Also, one of the cheques i used for the loan was a joint bank account, can they go after my spouse for that money? we don`t have any shared assets [...]

Mortgage

Tue, 17 Nov 2009 02:22:55 +0000

Can I sell my house and buy another one because of work relocation before discharge? thanks. Posted from: Saskatchewan

Secured debt question

Tue, 17 Nov 2009 01:43:33 +0000

We have two secured credit lines ($41K owing) and a loan (10 months left to pay) with my bank who also holds our mortgage. We have little equity in the house and we want to keep the house if at all possible. All payments are up to date and have never been missed. My question [...]

inherritance

Mon, 16 Nov 2009 20:02:02 +0000

if i inherrit a very small amount, under 10,000. Do i lose the whole amount to my trustee? Posted from: Ontario

ccp benefits

Mon, 16 Nov 2009 17:17:32 +0000

will it be a surplus income if I received a lump sum during the 9 month period? Posted from: Ontario

Can I file bankruptcy to get rid of my debts?

Mon, 16 Nov 2009 14:06:07 +0000

I currently do not generate any income and have no assets under my name, but I have close to 40,000 in total credit card debt that me and my husband are struggling to pay off. Can I file bankruptcy to get rid of those debts? Thank you! Posted from: Ontario

consumer proposal in canada and us property

Mon, 16 Nov 2009 14:04:25 +0000

Thank you for your answer but I still could not comprehend: if a non-Canadian creditor agreed on a cosumer proposal would he still attack my US property afterwards bypassing Canadian creditors who could not do this? Posted from: Ontario

What if your inheritance was more then your total discharged debt?

Mon, 16 Nov 2009 14:03:13 +0000

What if your inheritance was more then your total discharged debt? Would you get what is leftover? Posted from: Ontario

total amount each month that you can declare for bankruptcy

Mon, 16 Nov 2009 14:02:05 +0000

what is the total amount each month that you can declare for bankruptcy including house and car payments etc Posted from: Alberta

personal bankruptcy

Mon, 16 Nov 2009 01:02:14 +0000

My husband and I co-signed a loan for my sister a year ago, we recently found out she is having trouble making payments. She is thinking of filing for bankruptcy, what would happen to the loan if she does. Would my husband and I be on the hook for the loan or would [...]

Save cash

Sun, 15 Nov 2009 19:05:04 +0000

in order to save a lump sum amount for the first monthly payment to the trustee, I cannot pay my current bills. This will cause them to contact me about this. What can I tell them ? Posted from: Ontario

bankruptcy

Sat, 14 Nov 2009 16:15:33 +0000

I have an $600 per month surplus and considered filing bankruptcy about a year ago but didn`t. Now, I think I have to. With the Sept. 18 new laws, the period of being undischarged went up from 9 to 21 months. Can you tell me, with my income surplus, whether even a [...]

consumer proposal

Sat, 14 Nov 2009 15:30:26 +0000

What`s the sequence of events if I receive a majority `no` vote on my consumer proposal? a) Will the `no` voter(s) request an amount they will accept? Do they ALWAYS do this? a) Will the `no` voter(s) request an amount they will accept? Do they ALWAYS do this? b) Or, will my trustee just [...]

Suing a debt collection agency

Sat, 14 Nov 2009 01:44:47 +0000

I`ve been out of bankruptcy for about 5 years now. When I filed, one of my debts (~$300) was included but the creditor did not respond. Therefore they did not get any money from my bankruptcy. Fast forward to today, I am getting 2-3 calls per day from iQor, who are extremely annoying and [...]

bank account

Fri, 13 Nov 2009 22:12:55 +0000

can a trustee see my bank statements during my bankruptcy without me knowing Posted from: Ontario

After Creditor Proposal is accepted

Fri, 13 Nov 2009 20:13:43 +0000

Can people find out if I have an accepted creditor proposal, i.e. I am insolvent? Posted from: Ontario

ICBC Settlement

Fri, 13 Nov 2009 19:42:30 +0000

If I receive a settlement from ICBC for injuries received in an accident is that considered to be income? Posted from: British Columbia

consumer proposal in canada and us property

Fri, 13 Nov 2009 16:51:50 +0000

So, if I understand you correctly, even after a consumer proposal (wher a property in the US was taken into account) gets accepted, a non-Canadian creditor can still take it or demand a cash equivalent while Canadian creditors could not do this? Is this fair to all creditors? Posted from: Ontario

Tax

Fri, 13 Nov 2009 16:43:25 +0000

Can we include past income tax owed to government in a bankrupcy? Posted from: Ontario

is this considered an asset that can be taken?

Thu, 12 Nov 2009 21:37:12 +0000

If we own an atv that is worth less than 4000 can it be taken? our landlord advised us when we moved in that we need to maintain the acre lot in the summer and ensure that snow removal is done in the winter to front back and side doors…the driveway alone is 140 [...]

Ms. Need Of Advice!

Thu, 12 Nov 2009 20:46:57 +0000

I haven`t paid my credit cards in the last 5 years. I know I owe $15,000 to $20,000. I stopped paying because I wasn`t working and when I did, I wasn`t making enough to pay back. I have a good job now and I`m ready to pay back and fix my credit. What should my [...]

can I claim $1400 as spousal/family support?

Thu, 12 Nov 2009 18:49:19 +0000

I have been separated from my spouse since August 2, 2009. There is no separation agreement and I am paying about $1400 per month towards the rent for the house where my spouse and three children (all over 18 years) are living. If I file for bankruptcy now, can I claim $1400 as spousal/family support? [...]

Consumer Proposals

Thu, 12 Nov 2009 15:17:10 +0000

I lost my job last year and got behind on rent. Rent Bank helped a bit but I was still behind and my landlady asked me to move within two weeks. As such I did but she went to the tribunal even though I was paying off the debt slowly. Now a [...]

Judgement Proof

Thu, 12 Nov 2009 13:53:46 +0000

I saw your advice to someone that was unemployed and filing bankrupty… You said he was `Judgement Proof` because he had no job or assests… Does this apply if you are collecting unemployment? Posted from: Ontario

Can I still declare?

Thu, 12 Nov 2009 06:12:17 +0000

What if I can afford the monthly minimum payments on what I owe? Can I still declare? Also what if I have no assets for you to take? Can I still declare? Posted from: British Columbia

Number of Bankruptcies allowed

Thu, 12 Nov 2009 06:05:18 +0000

Is there a limit to how many times you can go bankrupt Posted from: Nova Scotia

Why does a previous Bankruptcy show up if you file a second time?

Thu, 12 Nov 2009 05:41:47 +0000

Why does a previous Bankruptcy show up on your credit file if you go Bankrupt a second time. I had gone bankrupt in 1981 and after my husband left me in 2002 and went bankrupt, I lost my home and he messed up my credit. I had no choice but to go bankrupt [...]

Bankrupsy

Thu, 12 Nov 2009 05:31:34 +0000

What is a division 1 in Bankrupsy?Why is it called a division 1? Posted from: British Columbia

Child and Spousal Support garnishment from bank prior to bankruptcy

Wed, 11 Nov 2009 22:15:10 +0000

I have met with a trustee to talk about bankruptcy. I have filled out the forms and am in the process of getting everything together to be able to file. My question is, I have a creditor (a bank) that has sent me a Writ of Summons that I havent answered to so if they [...]

vehicle

Wed, 11 Nov 2009 21:48:21 +0000

i relation to a vehicle, if we financed the vehicle for instance and the outstanding is 20,000. is the loan itself considered a secured loan or unsecured, because when we financed it we did not have to put anything up for collateral for it, they just increased the interest rate i guess. so [...]

Bankruptcy

Wed, 11 Nov 2009 18:57:36 +0000

Do I need to go through a trustee to declare bankruptcy?? Posted from: Ontario

Debt Consolidation Loan

Wed, 11 Nov 2009 18:52:29 +0000

I currently owe about 55k in unsecured credit. I`m not behind on payments, but am not making an progress in paying this down due to high interest rates. I would likely not qualify for a Debt Consolidation Loan on my own, but my question is it possible to get a co-signer with good credit history to [...]

When can I get a credit card?

Wed, 11 Nov 2009 16:30:33 +0000

When Can I get a credit card if I have a Consumer Proposal? Some say after 9 months I file (not finished paying), some same 9 months AFTER I finish the proposal (paying) and others say after the proposal (paying)? Which is correct? Posted from: Ontario

Going bankrupt in the UK but resident in Canada

Wed, 11 Nov 2009 13:43:50 +0000

My family and I emigrated to Canada from the UK earlier this year. We have debts in the UK which we cannot now repay. We are considering applying for bankruptcy in the UK. What impact will this have on our credit rating in Canada? Will we have `bankrupt` status in Canada? Will we have to [...]

Business Ownership

Wed, 11 Nov 2009 08:42:30 +0000

My spouse & I have accrued considerable credit card debt in order to keep our business afloat during difficult times. Will our business automatically close if we enter a consumer proposal or declare personal bankruptcy? These debts are unsecured. Posted from: Ontario

Work in a different country

Wed, 11 Nov 2009 05:29:41 +0000

I filed for bankruptcy, but assuming I find a job in a different country before being discharged, what should I do? Posted from: Quebec

Question

Wed, 11 Nov 2009 04:48:44 +0000

If I go banckrupt for how many months will I have to produce statements of my credit cards etc. Posted from: Ontario

House

Wed, 11 Nov 2009 04:41:50 +0000

My husbands sister and husband are co owners of our house so therefore four of us are on the mortgage and deed. We paid 200 thousand with a 40 thousand down one year ago. Will we lose the house or will they be responsable to pay the mortgage. We would like to keep the house [...]

getting desperate

Tue, 10 Nov 2009 23:12:26 +0000

my monthly payments are up to date because i have been taking cash advances from line of credits to pay credit card payments and vice versa - can i still file a consumer proposal even though i am not behind in anything - just getting progressively deeper in debt Posted from: Ontario

Will we lose everything?

Tue, 10 Nov 2009 23:05:19 +0000

Over the past year we have had numerous bad luck disasters… health problems for my husbend, loss of hours at work (which ruined my maternity leave), then loss of my husbends job (which bought in 90% of our funds, childs health problems along with myself, etc etc etc… within the past 6 months we have no [...]

WILL I LOSE MY VECHILE

Tue, 10 Nov 2009 20:55:36 +0000

My husband and I are Separated and we both have a car my is a 1999 grandprix and his is a 2004 grandprix. I am presently unemployed and looking for work and need the car. Will I lose the car. I am not sure if I signed on the application for the [...]

debt settlement

Tue, 10 Nov 2009 17:01:27 +0000

I filed a CP in Ontario a few weeks ago. If it`s rejected, can I apply for a Debt Settlement program? I was never told of this by my credit counsellor. I owe approximately $35,000 in loans/cards. Also, where would I go to do this? Posted from: Ontario

seperated but still trying to work things out

Tue, 10 Nov 2009 04:53:38 +0000

Hello, I just have a quick question. my wife and I are not legally seperated, but we don;t live together. we are trying to work things out, so we are still friends. Do i have to disclose her income since we don`t life together? and is it a problem that she comes and visit me sometime since we had [...]

Using credit cards prior to bankruptcy

Tue, 10 Nov 2009 04:12:18 +0000

I owe a considerable amount of debt to credit cards and would like to go bankrupt but for the last 3 months, I have been using my credit cards to pay utilities, purchasing gas for my car and buying groceries etc because of getting laid off. I am concerned that the credit card companies may [...]

bankruptcy alternative

Mon, 09 Nov 2009 21:13:52 +0000

Based on the expert comment i am guessing there is no rule or law preventing a person from claiming bankruptcy while being unemployed or while collecting UI benefits which was one of the questions i had. Is the UI income treated like any other income in an attempt to establish if there is any [...]

Secured line of credit

Mon, 09 Nov 2009 21:08:49 +0000

If I hve ascured line of credit, which has beeen consumed up, how the bankruptcy will handle the issue ? Posted from: Ontario

Is bankruptcy my best option?

Mon, 09 Nov 2009 20:07:58 +0000

I owe around $50,000 to Agriculture Canada for advance payments that I have been unable to pay. We sold our farm several years ago and have paid off most of our debts. As a couple, we owe a few thousand dollars to Crop Insurance. That is manageable. My husband has returned [...]

consumer proposal

Mon, 09 Nov 2009 19:07:12 +0000

If I get a majority `no` vote for my CP, is a physical meeting always scheduled within 21 days? Or, will the creditor voting `no`, make a counter offer right away, rendering a meeting unnecessary. I would agree to any counter offer to avoid bankruptcy. How does this work? PS, My CP is giving [...]

just want them to be fair

Mon, 09 Nov 2009 18:56:26 +0000

I acumulated alot of debt as the economy tanked so did my business. I have since moved to a new job. 1 of my credit cards went to collections and the rest of the credit cards are closed but still with the credit card companies and up to date on minimum payments and they are [...]

bankruptcy

Mon, 09 Nov 2009 18:56:11 +0000

I may be facing bankruptcy over a $35,000 credit card debt and I would have a surplus income payment of about $600 a month. If, at some point, during the 21 months I receive an inheritance from the will of my sole (elderly) parent, estimated at around $80,000, will I have to surrender $40,000 of that [...]

consumer proposal and a leased vehicle

Mon, 09 Nov 2009 15:02:27 +0000

My husband and I are considering filing for a Consumer Proposal. We have $20,000 in credit card debt. as well as an $8,000 consolidation loan. My concern is that I have a Leased vehicle that I require for work. Will I have to return my vehicle? Thank you! Posted from: Nova Scotia

consumer proposal

Mon, 09 Nov 2009 15:01:09 +0000

I understand you cannot be a director of a company if you file bankruptcy, what about a consumer proposal? Posted from: Ontario

christmas bonus

Mon, 09 Nov 2009 05:11:59 +0000

Do I report my christmas bonus as income during bankruptcy, if yes, could I keep it if I get it put directly into an rrsp by my work? Posted from: Nova Scotia

Does the FIRM

Mon, 09 Nov 2009 01:40:25 +0000

That is hired to do the debt settlement charge a fee during the `initial phase`? And how is your credit affected during this phase? as well can the institutions still carnish your wages if the feel it necessary? Posted from: Ontario

debt settlement

Sun, 08 Nov 2009 22:56:10 +0000

I have credit card and line of credit debt totaling $40000. I have a job. I heard different things about debt settlements is it like consumer proposal affect your credit rating R7 or debt settlement company pay on my behalf to creditors after settlement and than I pay debt settlement company over 36 months? [...]

US property and a consumer proposal in Canada

Sun, 08 Nov 2009 13:00:56 +0000

I have a US property with some equity in it. If I submit a CP in Canada will be my US property protected against my creditors based in Canada and also Europe. Thank you, Anna Posted from: Ontario

Personal loan with house furnishings as collateral

Sun, 08 Nov 2009 06:58:22 +0000

I owe $15,000 from Citifinancial with my house furnishings as collateral (TV, sofa, beds, and a car that has been sold). I don`t live in my house now as I have separed from my husband. My husband is buying me out of our house, and is being finalized. He is keeping everything in the house [...]

home equity prevents me from a proposal?

Sat, 07 Nov 2009 21:13:57 +0000

I am separated from my husband. I am living in a rented appartment. He has not paid me my part of the home we own. He is finally putting the home for sale. but in the meantime…I am being harassed by creditors. If the house does not sell in a couple [...]

Consumer Proposal And Directorship

Sat, 07 Nov 2009 18:11:45 +0000

I understand you cannot be a director of a company if you file bankruptcy, what about a consumer proposal? Posted from: Ontario

RRSP

Sat, 07 Nov 2009 12:18:06 +0000

I am going to file bankruptcy soon. I don`t have any RRSP`s until now but if I start contributing to RRSP while in bankruptcy will that amount also be seized by the trustee? Thanks. Posted from: Ontario

I need to save Mom`s house

Sat, 07 Nov 2009 04:52:52 +0000

I am currently having financial difficulty and am considering bankruptcy. My question is: My elderly mother has put my name on her house for will purposes. It has been in her family for 2 generations. If I claim bankruptcy will they take my mom`s house? Posted from: British Columbia

how personal property value calculated

Sat, 07 Nov 2009 04:48:58 +0000

I buy my furniture, computer few years ago lot less value of same kind quality of furniture computer today and have bought designer clothing few years ago some many years ago lot less value of same kind today- tv , music system, fax machine, books, kitchen ware in which category comes in how their value [...]

student loan consumer proposal

Sat, 07 Nov 2009 02:22:44 +0000

If i file a consumer proposal, do i have to make payments on my student loan during this period, or do they resume after? Posted from: Ontario

income tax

Fri, 06 Nov 2009 19:12:24 +0000

if I file for bankruptcy in November 2009, i must submit my income tax return for that year to the bankruptcy. Since I will be in Bankruptcy for 21 months, am i also obligated to turn over my 2010 income tax return? Posted from: British Columbia

Filing of a consumer proposal

Fri, 06 Nov 2009 18:19:49 +0000

I am trying to put together a consumer proposal, and my Trustee is requesting I pay $900 in order to have the proposal processed with the creditors. The only information I can find on the web is that the fee is included in the proposal amount. I can`t see why in my current situation they [...]

OSAP after a consumer proposal

Fri, 06 Nov 2009 17:57:31 +0000

I completed a consumer proposal which should be removed from my credit history Feb. 2010 (6yrs), I met all my obligations. One of the creditors was Bank of Nova Scotia (OSAP) and they accepted the proposal. I want to attend university, can I apply for OSAP under these circumstances and what are my chances of [...]

How will I be affected

Fri, 06 Nov 2009 13:53:36 +0000

I would like to know if my credit is going to be affected if the partner I plan on living with has a bankruptcy discharge in 2008. We plan on living in my house and putting the mortgage in both our names. How will I be affected and how will my financial institution deal with [...]

Martin

Fri, 06 Nov 2009 07:52:58 +0000

Can a sibling give over to their other siblings their share of jointly owned (inherited) family property in order to file for personal bankruptcy? (Failure to file would likely result in forcing the siblings to lose the family property in order for the one to liquidate their assets, as it is their only real [...]

Bancruptcy

Fri, 06 Nov 2009 03:27:35 +0000

If my husband is thinking of Consumer Proposal and I had a secondary card for one of his Visa accounts (now the card is closed), will I still be responsible for full balance on the card? And in this case do I also have to go for Consumer proposal? Thank you! Posted from: Ontario

rrsp

Thu, 05 Nov 2009 23:56:47 +0000

will my rrsp be seized if i declare bankruptcy Posted from: Ontario

Consumer Proposal

Thu, 05 Nov 2009 22:00:32 +0000

I have 50000 in credit Cards debt. I am married living with my wife and two children. How much income I need to file a consumer proposal, and what will be the minimum pament per month.. Regards,, Posted from: Ontario

Discharge

Thu, 05 Nov 2009 20:14:16 +0000

If you have done consumer proposal and that has gone into defult due to miss payment and you declare bankcrupt what is the length of time it takes to discharge? Posted from: Ontario

employment

Thu, 05 Nov 2009 17:44:15 +0000

I am trying to get into the armed forces and I may have to claim bankruptcy after I am in. Do they have the right to fire me? Posted from: Ontario

Shared Bank Account

Thu, 05 Nov 2009 15:59:32 +0000

I have a Shared account with my common law boyfriend will this affect that account??? will he need his paycheck to be deposited into a new account?? Posted from: Nova Scotia

ex helping with child costs

Thu, 05 Nov 2009 13:29:54 +0000

My ex and I made a verbal agreement that he would help pay for some of the kids costs after we separated. He will send me money to help pay for daycare and sports etc. usually monthly when it`s needed. Do I need to claim that when filing? He just transfers money to my bank [...]

Resposibility of the bankrupt

Thu, 05 Nov 2009 11:56:53 +0000

What are the bankrupts` responsibility (meetings, contact calls, etc)? Can I continue to operate my sole proprietor business during bankruptcy? What about after bankruptcy? Inconsistent income leaving me up to 90 days without income (if I`m allowed to continue running my business), how does this affect the bankruptcy? Posted from: Ontario

new bankruptcy legislation

Thu, 05 Nov 2009 03:12:09 +0000

I filed for bankruptcy on Sept 2/09. My trustee has told me that I am subject to the new bankruptcy laws (Sept 18/09), but I am reading conflicting info about this… is my bankruptcy governed by the old or new laws? Thanks. Posted from: Manitoba

Kelly

Thu, 05 Nov 2009 01:34:34 +0000

I lost my job and had no income for a few months that took an over extended credit situation towards the critical point. I now live and work in Saskatchewan, all debt is in my name. I fully support a disabled husband (he has no income) and two children at a second residence in [...]

my home and car???

Wed, 04 Nov 2009 23:56:05 +0000

my husband and i had some money troubles and most likely will have to file for bankruptcy, i need to know if i will loose my car, that i need to get to work our my home, i am a bit behind on my morgage payment but they will be caught up soon Posted from: Nova [...]

Life Interest Property and Bankruptcy

Wed, 04 Nov 2009 23:27:04 +0000

I have a primary residences but I also have my name on deed for a farm that was willed to myself. My uncle has life interest on this property and is living on the property. If I was to file for bankruptcy would the deed of the farm I own come into play [...]

Living in seperate households after filing bankruptcy

Wed, 04 Nov 2009 19:20:11 +0000

My current spouse and I own some assets and have all unsecured debts together. we will be seperating soon, how will over bankruptcy costs work. There may be a suplus of income if we considered combined incomes, but definitely not when we are living apart. …so how will this reflect on our discharge time and [...]

Home owner

Wed, 04 Nov 2009 17:57:19 +0000

I just took my name off the title of a house, how long until I can claim bankruptcy or will that info even become known when the bankruptcy process begins? Posted from: Ontario

Elena

Wed, 04 Nov 2009 16:08:22 +0000

If I get married after filing for bankruptcy, can I still sponsor my fiance If i married him? Posted from: Ontario

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