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Archive for the ‘Bankruptcy’ Category

I have filed for bakruptcy and my normal salary does not create any surplus income. However, I am expecting a year end bonus from my employer which will cause surplus income for just one month. Does that mean I can’t have my bankruptcy discharged in 9 months?

Awhile back I had to be hospitalized in the USA while on vacation. My travel insurance has refused to pay for my claim and now I am on the hook for the whole amount to the USA hospital. If I go bankrupt in Canada would it include the amount I owe in the USA?

Hello, For the purpose of determining the surplus income limit during bankruptcy, I need to know my family size. I am divorced, and my son lives with me 50% of the time. I pay child support, but it is offset based on what my ex would pay me. Am I a family size of 1 […]

My husband and I went bankrupt in April 2015. Before bankruptcy I saved $900 towards a trip to England to see my father which I declared at the time of bankruptcy. The Trustee told me I could use the money for the trip but I would have to repay it back. We are now 6 […]

Hi, I am wondering how luxury purchases on credit cards 6 months prior to filing for bankruptcy would appear? I took a vacation about 5 months ago, and made some large purchases about 6 months ago, I have been making payments since, but have been unemployed I assumed I would be able to pay off […]

What if I work for one of my creditors? I work for a bank, to which I owe money. What are the repercussions for me professionally if I file for bankruptcy or file a consumer proposal?

I am a Canadian citizen living in the US and I have two credit cards that have become impossible to manage. As a US resident, is it possible to file Canadian bankruptcy on Canadian credit card debt?

Hi, I am wondering in Newfoundland how a matrimonial home works, If one spouse declares bankruptcy and was never on the title of the home but lived there would they have to claim it as an asset if there name is not on the title?

I am 5-years into my personal bankruptcy and, while I was able to keep my home at the time of Discharge due to low equity, I am now faced with a huge home repair bill. On top of my monthly mortgage payment I will be unable to keep up payment. As I am still in […]

If I declare personal income is my spouse’s income taken into account in anyway?

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