Bankruptcy Articles - Archive: 2006 Page 2

I am a person on a long-term medical disability plan, called OPSP in Ontario. I received a student loan in 96. I would like to declare bankrupcy. Could I perhaps apply for a forgiveness arrangement? The medical nature of my disability could be a reason. I don\’t want to simply Bankrupt if I don\’t need [...]

I’ve just filed for bankruptcy due to health problems, and have been waiting for my long term disability company to make payments for my time off previous to the bankruptcy. I know any income I get after I filed is subject to surplus (which it will qualify for)… but I have gone 4 months without [...]

I was discharged from bankruptcy on June 15/2006. This week (6 months later December 19/2006)letter from the company who admisters my employee savings plan and my Group RSP. This letter was in response to a letter from my trustee dated April 27/2006 in which my trustees requested the liquidation of any accounts I might have [...]

My partner is self-employed and as such, has a business number (sole-proprietor). He is behind on his taxes and is considering filing for bankruptcy. My question is – if he files for personal bankruptcy, are his business debts included? Are his taxes considered business or personal? He doesn’t have any but just to make the [...]

Can I seek public office e.g. school trustee if I declared bankruptcy 20 years ago?

What is the difference between a Bankruptcy Trustee and a Bankruptcy Lawyer?

Hi. My ex-common law and I are currently sharing accomodations-he needed a place to stay. During the 6 years of our separation he neglected to file his income taxes and owes CRA a considerable amount of money. He has other debts as well which have nothing what-so-ever to do with me. He now wants to [...]

Hi Recently I took over a limited company.Company had same asets and good name so I sign agreement.3 weeks later I found out that all assets are liened and I can\’t take any loans.Company situation is realy bad I\’m considering a bankruptcy.In min time I;m trying to void the agreement,It is strictly fraud.But I;m responsible [...]

Can a debtor expect any “privilege”, with respect to the information they disclose to a Trustee? (Similar to lawyer-client privilege). A lot of individuals believe that because they are paying the Trustee’s fees, the Trustee is “working” for them. Please explain some of the additional obligations a trustee has not only to the debtor, but [...]

I live in Ontario. If I file before the new law comes into effect, will I still be entitled to a 9 month discharge? I thought the discretion was the trustee’s. Now it seems it may turn into 21 months of surplus income payments? Should I hurry up and file? My surplus income would mean [...]