I recently cancelleda basement development contract between two people. If the court ruling doesnt go my way and it costs me money will can I claim it under bankruptcy?
Posted from: Alberta

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Are you thinking of filing bankruptcy but are not sure if that is the right choice in your situation? - Here is what you need to know, for start: Filing personal bankruptcy in Canada allows you to eliminate most debts, and get a fresh start. Once you file bankruptcy, collection calls and wage garnishments stop, and you can begin rebuilding your financial life.
For details on filing bankruptcy and bankruptcy process in Canada:
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Most Frequently Asked Questions on Personal Bankruptcy in Canada:
- What is Personal Bankruptcy in Canada?
- What am I required to do while I am bankrupt?
- How Long Will I Be Bankrupt in Canada?
- What happens to my debts when I go bankrupt in Canada?
- Will tax debts and Revenue Canada debts be discharged in a bankruptcy in Canada?
- Does Filing for Bankruptcy Affect My Spouse?
- Who will know that I filed bankruptcy in Canada?
- What Are the Causes of Bankruptcy in Canada?
- How Many People Go bankrupt in Canada?
- What is the Bankruptcy and Insolvency Act?
- What is surplus income?
- Should I Feel Guilty If I Go Bankrupt?
To ask a question about bankruptcy in Canada:
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You can also contact a trustee near you for a consultation: your first meeting will be free of charge or obligation.
The latest bankruptcy questions, with our experts' responses:
Hi,
I have a debt around $70,000 (including cash advance, some electronic devices and a $10,000-diamond ring for re-sale to get back money) incurred in 2007. I used it as capital to invest in setting up a language school in Vietnam. However, after 2 years in operation, it failed and I was completely broke. I […]
I am unable to pay my creditors as I owe more than 50000 $,and thinking for filing bankruptcy,is that going to effect my wife who is running her own private business and I am no part of it
Posted from: Ontario
hi there just wondering if someone passed away 1 week before your disscharge date from bankruptcy will the monies received in an inheritance be garneshed
Posted from: Manitoba
does my employment insurance overpayment and taxes owing become part of my bankruptcy or will i still have to pay those debts
Posted from: British Columbia
I am 60 years old and do not have a job. My daughter is currently paying my bills covering my minimum balances but can no longer do so. Can I declare bankruptcy even though I have no assets and live with her?
Posted from: Ontario
I am Unemployed. I am Broke with no incoming income. I currently Have some assets such as my home(Pretty old Mobile Home), an early 90`s truck(I`d like to keep) and misc. other goods such as a tv, and tools. Am I eligible for Bankruptcy?
Posted from: Alberta
One of your questions asked previously was about receipts. In bankruptcy do you have to account for all money spent or just for money over your surplus amount? If it is for all money spent will I have to ask for receipts for every time I go get a coffee from timmies or put money […]
If I retire and collect superannuation and i go into bankruptcy a year later is it considered assets
Posted from: British Columbia
our situation is:
I was in a car accident over 4 years ago and have not settled. I have been told I am disable and unable to work. My husband is self employed in a trade. Last year everything slowed down and fell behind and not able to get caught up. We […]



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