Bankruptcy Articles - Archive: December 2008

Hi my name is Theresa and my question is this. My children both have a ADHD and I was told by my paediatrician that they should be allowed a child disability benefit. Which would be a God send because my son needs extra help and could definitely benefit from Sylvan or something similar. The problem [...]

Hello, Can i choose someone as my representative in Canada to file for bankruptcy while I am living in the states. In this way, he/she can attend the meetings with the trustee and there shouldn`t be a problem. Is there anything wrong with that legally? Posted from: Ontario

I have a small business which both my wife and I draw from. She is not an owner. We flow our vehicles through the business as well. Our house (w 3 children) is in my wife`s name. We are experiencing working capital problems with the business and I have amassed a personal debt on the [...]

If I put money into a segregated RRSP at 3% and the company puts in 3%- because this is segregated funds ( wiht a life insurance company) does that mean that they would not be taken if I decide to declare bankruptcy? Or would they still take the last 12 months? Posted from: New Brunswick

My husband and I together have filed few months ago for the bankruptcy. We are coming to the end of January. It looks like he has around $700 in surplus I don`t have any, my qustion is since we filed jointly would they spred the 700 on both our names or just on his? Because [...]

So i am meeting with a trustee in a few days. Will it be a problem if my wife makes 85000 and I make 92000/year? I am declaring bankruptcy. Will we be treated differently? We are mortgaged to the max and our home value isn`t worth what we paid for it a year ago. We [...]

I will be discharged from bankruptcy in May 2009. I work full time but recently pursued motorcycle training in order to teach it, as a hobby in 2009. Though i have not received a paycheque, do i need to disclose this to my trustee? I don`t want to extend my bankruptcy, but if having this [...]

can i claim bankruptcy on my business if its not incorporated, and will it effect my personal finance. Posted from: Ontario

Hello, In June 2009, it will be 7 years since I graduated from university, at which time I plan on filing for bankruptcy. The only concern that I have is a student line of credit that I have from a bank that my father co-signed for me. Is there a way to have my father`s [...]

if a lien is placed on your property, will this be settled through court judgment? And if so will both parties be contacted when the judgment will happen Thanks Posted from: Ontario