Bankruptcy Articles - Archive: February 2009

Situation is married couple, wife has student loans from before couple met. Wife has zero income besides child tax credit, she is now considering bankruptcy. Would the husband`s credit be effected and would he be required to make payments during bankruptcy on wife`s debt. Posted from: Ontario

I am an undischarged bankrupt – special circumstances have led to that. My trustee filled pre and post bankruptcy taxes for me last year, but I am still not discharged. Do they have to file again for me this year? Or may I file for myself? Posted from: Manitoba

will i get a child tax beifet if i got bankrupt or will it still go based on my tax return Posted from: Ontario

My income is around 2.000 monthly I owe 20.000 in credit cards. I have been making the minimun payments of my credit cards, so I haven`t recived yet any letter from a collection office. Am I still elegible for bankruptcy under these circunstances? Thank you Posted from: Alberta

I am a student and my mother as well as me are being sued for more than $100,000. She is on welfare and i am a student with no income. I have no assets or anything of value(ex. land, job, jewelry). After the suit if i have to pay an amount i can`t pay what [...]

I attended College on and off since 2001. During that time, I went through a costly divorce, serious illness that prevented me from working( I was not on disability due to the fact that my ex was ordered to pay spousal support and is still paying). I attempted to get my RN degree, but could [...]

Hi, I am considering to apply for bankruptcy – I have a mortgage(with no equity on it because it“s a new mortgage) and few unsecured debts.My question is if I let the mortage to fall, and apply also for bankruptcy will this bankruptcy cover the amount I will owe to CMHC (I understood from your [...]

I don`t mind paying more if I have surplus income, I want to pay as much as I can. But if you have surplus income it can make your bankruptcy last longer, right? So, if I made $100 or $200 more than the allowable income, is that going to drag out my bankruptcy for more [...]

I am thinking about claiming bankruptcy as I am finding myself having to borrow money from my current employer to pay my mortgage and car payment. My question is, I have never missed a payment on either my mortgage or car payment…but as the days go on I am getting into more debt with my [...]

my spouse and I are considering bankruptcy.We have a mortgage of $250000 and a total home equity line of credit for $95000. If we claim bankruptcy does it take care of the line of credit or does it combine with the mortgage payment ? Posted from: Alberta