Bankruptcy Articles - Archive: March 2009

I spoke with a trustee today about my spouse filing bankruptcy. I was under the impression that when figuring out the equity value in our home that you subtract the real estate fee`s, lawyer fee`s, and interest penalties. The trustee told me that if I am planning on keeping the home that you cant subtract [...]

I`m considering filing for personal bankruptcy and I just recently found out that my mother had some investements accounts such as GIC`s and RRSP`s in my name and her`s. Now what happen`s to those investements that are joint accounts? I don`t wan`t my mother to loose her investements because of my decision? Posted from: Ontario

i didnt complete my bankruptcy back in 2000,its 2009 and i have no debts in the credit places,i have a vise and an overdraft on my account.everything looks fine.the trustee says i must complete my bankruptcy though.why?im fine now. Posted from: Ontario

I have $120000 in unsecured debt, $20000 of wich is a line of credit joined with my wife. I want to declare bankruptcy but she does not. Can she take full responsibility for the line of credit while I declare bankruptcy? Posted from: British Columbia

Will my credit be effected if my exhusband files bankruptcy? There is one credit card still remaining in both of our names. Posted from: Ontario

I claimed bankruptcy in Feb.2009 what happens if I getting a refund on my income tax and have already spent it not knowing it was part of the bankruptcy Posted from: Ontario

My home has $25,000.00 equity in it. There is a private mortgage on it. We have debts in excess of $200,000.00 and are pensioners. Will we lose our home and car? Posted from: Ontario

I am considering claiming bankruptcy, however my spouse is also potentially going to receive an inheritence in the next year. If I am in bankruptcy, would this inheritence go to my creditors? Would I have to let the Trustee know about this inheritence? Posted from: British Columbia

in 2001 i filed for bankruptcy because rev.can. was garnishing my pay. i did not pay the $1400.00 nor go to the meetings. the garnishment stopped,but now it is back.i owe rev.can $12,000.00 and other debts totaling about $20,000.00. i am single w/2 kids, one 21yrs. not working,the other 18yrs. in school,i do not know [...]

hello, Im wondering if owing money on a payday loan would be considered misrepresentation?I am considering bankruptcy in the next month and am wondering if this will prevent that?Due to a error on my payroll I was unable to pay the amount back,and havnt as yet been able to come up with the funds.Also wondering [...]