Bankruptcy Articles - Archive: November 2009

I am still paying off my mothers funeral but I will soon have to declare bankruptcy as my debts have become unmanageable! Can I include this debt as well? I have been told that this kind of debt is exempt. Posted from: Ontario

I used to live in ontario and live quebec now where should I file for bankruptcy.is credit cards from ontario and quebec same or diferent. Posted from: Quebec

If you sell your home while you are still in bakruptcy does the whole windfall (money left over after the mortgae is paid back to the bank) go to the estate, or are you allowed to keep some of that money? Posted from: Saskatchewan

How does one know if a judgment has been made against them. Is there somewhere to check? Posted from: Alberta

If I go into a personal bankrupcy with app $25,000 in unsecured debt and do have an asset.Will the asset which is property which has a clear title be used to pay all my creditors? Posted from: British Columbia

Does the amount of surplus income fluctuate each month depending on your take home pay or is it a set amount that is determined at the beginning of your bankruptcy. For instance what happens if one month you take home less pay then the other months. DO you give less money that month??? Posted from: [...]

I currently have letters from government stating that I owe them more than $10,000. The amounts are not accurate as I did not file taxes for 3 years. Once I file my taxes , this amount is likely to be adjusted. How can I include it in my bankruptcy? Should I wait or can the [...]

My daughter is going into bankruptcy. I took out a mortgage, about 5 years ago, on my house to help her out. The Funds were given to her. We have an agreement that she would pay the monthly payments. She has now filed for bankruptcy. What will happen to this mortgage? Are my wife and [...]

I am about to file a bankcruptcy and I`m wondering what this will cost me since I didn`t file my income tax the past 3 yrs. I didn`t have money to pay to file. How will this affect my application for bankcruptcy… and what usually happens with bankcruptcy? Please forgive me for my ignorance, thank [...]

This has got to be the most terrible question you`ll ever receive so please pardon me. Here goes.. I left my last job on Dec `07 and started to do a Home Study about a Work-From-Home business. I spent money for this promising business. Sadly it turned sour especially when I injured myself and was [...]