Bankruptcy Articles - Archive: January 2009 Page 2

I filed for bankruptcy in 2002 because I owed CRA a large some of money for taxes my trustee filed a return for 2002 and I assumed my bankruptcy was for all previous years but recently CRA issued me a demand to file for 1999-2007 with the excemption of 2002 I was under the impression [...]

I am going through a very bad divorce. I have some equity in my home, but now where near enough to pay my ex and all my debts. Is it legal to I sell my home before I go bankrupt to my boyfriend? Posted from: Ontario

Hi…can you include your Utilities Bills in Bankruptcy? Will they get turned off? Thanks Posted from: Ontario

I have 2 properties jointly owned with my spouse,with one propperty in the US. Will we have to sell both properties, even though I am the only one persuing bankrupsy. There is little equity,if any in the US property and only about $15,000 of equity in the Nfld. property Thanks Posted from: Newfoundland and Labrador

Will my payments change to reflect that I`m on EI while on maternity leave? Or will I be required to make payments at all while on mat leave? Will my repayment term be extended to account for this low income time? If so, could it be extended beyond 21 months? Posted from: Yukon

If I file bankruptcy (this meaning, my small sole propietorship business and myself, are now bankrupt). Can I still operate my business under the same name, with a fresh start? (I currently rent everything in the shop, I own nothing… Tools, equipment, everthing..Belongs to other shop). If so, can I still write cheques & receive [...]

If common law partner is filing for bakrupcy, while having a sponsorship (for 3 years)his common law partner (family class immigration) . May it cause of breaking his sponsorship and all finances obligations to sposored partner .? Posted from: Ontario

hi my question is i have home and deed is on my and my wife name and the mortage is only under my wife name. and i have debt of $96,000 and creditors put the lien on house but all the debts were my companys debt. and there were no name of my wife in [...]

My question is reference bankruptcy. If I claim bankruptcy and have student loans, credit card debt, a line of credit and mortgage, which debts are cleared by the bankruptcy. I have been told by some people that your student loan and mortgage do not `go away` even if you declare bankruptcy. That you are still [...]

I have been out at school for 8 years and have student loan debt, student loans stopped giving me student loans in 2001 and for the rest of my schooling I got a private loan. Since student loans stopped giving me loans in 2001 would this be my end of study date with them. Posted [...]