Bankruptcy Articles - Archive: October 2009

I have a follow-up question…if bankruptcy is declared in Canada, but you own property in another country and have Homestead protection on said real estate will only assets that can be liquidated in Canada (e.g., small business) be affected in order to benefit Canadian creditors? Thanks Posted from: Ontario

IF I SOLD PROPERTY A YEAR AND THREE MONTHS AGO WILL I HAVE TO ACCOUNT FOR MONIES SPENT Posted from: British Columbia

If i make an appointment to talk to an agent, what documents are needed to start this process. I would like to be prepared ahead. Posted from: Ontario

I filed for bankruptcy this month. I didn`t have any RRSPs or a Cdn Savings Bond. I now want to start contributing towards an RRSP to pay back the money I took out of RRSPs a few years ago as a first-time home buyer … can I do that? Also, I want to start saving [...]

My debt is all from Alberta due i have to go bankrupt in Alberta or can I do it in BC. Thankyou Posted from: Alberta

I am currently living common law with my boyfriend. we have been living together for 7 monthes now. If I file for bankrupcy will it affect his credit? Posted from: Alberta

i am not legally separated from my wife, but we are seperated, we don`t live together, but we are still friends, so we see each other from time to time. do i have to disclose her income since we are not legally seperated? Posted from: Ontario

I just wanted to know if any assets I have in another country like a used car or any other assets are effected or could be claimed from Canada. Thank you. Worried and guilty about bankruptcy from Quebec Posted from: Quebec

I recently found out form the government of canada(taxes), that I owe about 26,000 plus i already have credit cards and loans. I can not pay all of this it`s impossible. I f I have to file for bankruptcy I know that that will help me with most of these things, but what about this [...]

It would be advantageous to me for varied reasons to stop paying my credit card debt and let them get a judgement and go bankrupt after that. Any downside to this plan? I have no assets worth mentioning Posted from: New Brunswick