Bankruptcy Articles - Archive: December 2009 Page 2

I understand that tax refund is lost in the year of bankruptcy. What about if previous taxes were already collected, do we have to pay it back Posted from: Ontario

I filed for 3 years of income tax 06-08 all at once before I went bankrupt July 09. I am in bankruptcy now $140 a month till may 10. I checked my canada revenue agency site it said a check for 1302 was issued to trustee i understand that. Will that 1302 be used towards [...]

I am thinking of filing for bankruptcy but I would like to know – What happens with my taxes? If I file for bankruptcy in January of 2010, and get a refund, does that get kept by the trustee? Also – what if I end up owing taxes? Do I still pay if I`ve filed [...]

I have a question around bankruptcy of a business where the principal directory and 100% shareholder has died. How should I go about closing this business and what happens if he has given a personal guarantee on company loan? He gave a guarantee on his house which is no longer under his name (it has [...]

I owe $5,000 in municipal and school taxes for my house. Can I onclude these debts in a bankruptcy or are they `secured?` js Posted from: Quebec

For starters I`ll lay out my circumstances. I owe an Ontario University around $15,000 for one year of schooling because of a student loan that failed to come through for me. The school will not let me re-apply until I have pay off my debt, thus I am not elidgable for any Ontario Student Assistance. [...]

hello, i am just wondering if i am fullfilling all my bankruptcy duties, would they make a big deal if i take a vacation and go somewhere nice for a week. Posted from: Ontario

Hi there. I am unemployed and living on savings (looking for work and attending school). I am living on my savings, but am running out. How much money can I have (and keep) when I go bankrupt? Posted from: British Columbia

I have a good job. my husband is unemployed and owes back taxes. we own a house together. Can he declare bankruptcy on his own Posted from: Ontario

THIS IS MY FIRST BANKRUPTCY I AM CONSIDERING AND I AM MARRIED WITH A CHILD AND WILL BE MOST LIKELY GOING BANKRUPT (ALONE) MAINLY OF REVENUE CANADA AND SOME CREDITORS. I BOUGHT A HOME LAST YEAR AND THERE IS NO EQUITY WITHIN THE HOME SO I KNOW THAT I CAN FILE AND STILL KEEP THE [...]