Bankruptcy Articles - Archive: November 2009 Page 2

i do understand that in bankruptcy, if I have surplus income, i pay 50% of that to the trustee, but if there is no surplus income do I pay a `preset` fee to the trustee or how does that work…..as far as the trustee getting paid for their services. Posted from: Nova Scotia

As a director of a company can I go Personally bankrupt without closing the company? Posted from: British Columbia

Are books considered “personal effects”. I have 3 bookcases of paperback novels and have no idea of their resale value. How could I estimate this? Also, are toasters, mirrors, carpets, pots and pans, dishes considered “furniture.” What about a bicycle? Is there an online resource you can direct me to, as I can’t find one [...]

I will declare bankruptcy in March 2010 and it will be seven years in September 2010 since I last attended the education on student loan. Will the student loan be included in the bankruptcy? Posted from: British Columbia

What happens if someone declares bankruptcy (lets say Jane) due to CRA debt and personal mortgage debt (over $550k). Jane has also been paying, for the past few years, for a mortgage that was taken out by her family. Family took out mortgage, several years ago, under their own names to help Jane. Verbal agreement [...]

My spouse recently walked out on our family and has said that he is going to claim bankruptcy and quit his job so he doesnt have to pay child support or alimony. I know he will continue to work for a family member but I believe he will be paid under the table. Can he [...]

So what if you have received your discharge and then get an inheritance? Is that money subject to be touched by debtors etc.? Posted from: Ontario

if a limited company goes bankrup dose it still owe taxes or can they come after the onwer of the company Posted from: British Columbia

I just signed a consumer proposal about a week ago (i.e just got a file numer and creditors are being notified) but now it appears my wife`s work is being cut back drastically(she has worked one day in the past two weeks) .I now feel that I may not be able to fulfill the terms [...]

How do you know if bankruptcy is right for you? I never intended not to pay everything that I owe, I am just finding it impossible to do. I have made the mistakes and have every intention of paying those mistakes, but I am getting tired of the constant phone calls and now I am [...]