Bankruptcy Articles - Archive: 2007 Page 2

When filing for personal bankrupcy, what is looked at by the Trustee, and how far back do they normally look. Will the trustee require all my bank statements for the last 12 months or just the last month? How about my T4 slips or Assessment notices from CRA. How far back to they look. ? [...]

New Bankrupcy Law On your web-site it states that 1 of the new laws will be : 1) Large tax debts may cause a longer bankruptcy. I have about $140K owing to CRA, but it is for not filing my taxes for about 7 years, due to special circumstance. I have applied for FAIRNESS consideration [...]

what happen`s to a Child support Judgement

If I go Bankrupt in Canada, what happens to asset in the USA

Hi. I currently separated from my wife and was stuck with all of our debt as everything was always kept in my name. I currently owe 20,000 in credit card debt and 16,000 on a line of credit. I also have two vehicles that are financed right now with approximately 18,000 owing on one and [...]

Hi, I have a large amount of debts(credit cards, student loan), which make me impossible to repay, `cause I don`t have a job. Right now, I`m on mat. leave till July, and I`m known that my job has been relocated, which means I won`t have any job when I come back from mat. leave. I [...]

My wife is working – salary $60K/year GROSS. I have not been working for about 1 year. I have debt with CRA for $140K I have debt with Credit cards for $50K I would like to file for personal bankrupcy. I have NO ASSETS, NO INCOME. How is surplus income calculated and will I need [...]

My husband owns his own business and is claiming bankruptcy. Will this affet the loans I have, eg. car loan, he is my co-signer. What amount will we pay the creditors, will it be based on our total income?

I have a pending divorce and my soon to be ex-wife has just claimed bankruptcy. Although she left almost 2 years ago, her name is still on my mortgage – I have custody of our 2 children. Am I at risk of losing my home due to her bankruptcy? Will she still be required to [...]

I am feeling guilty and losing sleep. I know I will be filing for bankruptcy within the month and I know that the payday loan I have had to keep getting over the past few months will be included in this, however this past week I knowingly got a payday loan from another company knowing [...]