Archive for 2012

Good evening, I have been separated from my husband and working on a divorce settlement now for five years. During this time, I incured approximately $15,000.00 of credit card debt. I was paying minimum payments but then he stopped paying support and lawyers fees were eating was left in my budget. We have finally reached [...]

If I am living with my partner, but our finances are entirely separate (like roommates) do I need to report her income on my monthly statements? And if not, who determines the nature of the relationship and how do they do that? Posted from: Newfoundland and Labrador

If I am seperated from my spouse and paying an agreed upon amout of child support, how is that amount calculated or adjusted if I declare bankrupcy? In other words, is there a set amount of child support that is exempt per child? Is school tution included or eligable as an additional exemption? Posted from: [...]

I would like to know what would happen to my rrsp if i decided to go for consumer proposal? Do i need to continue paying for it? Posted from: Ontario

Is it OK to pay other loans from newly opened line of credit. This way I will consolidate all credit accounts to one line of credit account and later file bankruptcy or consumer proposal? Or it is against the law to take credit 3 /4 month before bankruptcy? Posted from: Ontario

Hi, I’m sorry I sent the question without finishing with what was one of my most important questions about filing for bankruptcy while self employed. Do I have to tell all of my vendors whom i buy product from that i have filed for personal bankruptcy? Posted from: Ontario

I am considering doing a consumer proposal, but have only 3 creditors, one of them CRA. Would love to know the success rate Posted from: Nova Scotia

can I declare bankruptcy if I have a lien on my house? Posted from: Ontario

I intend to claim bankruptcy against student loans that I can’t afford to pay. I own stock in a company but they aren’t worth anything right now. Will I be allowed to keep my stock and still claim bankruptcy? Posted from: Newfoundland and Labrador

My business failed one year ago. All my taxes, personal and corporate, have been paid. However, there are outstanding HST submissions to CRA of almost $20,000. I am planning a personal bankruptcy, but as the sole director of my company I am personally responsible for the HST owing. Is there any way to avoid this. [...]