I filed for bankruptcy in Sept 30 2008 and will be discharged June 30 2009…I gave all my income tax information to the trustee as directed, and they just sent me a `post bankruptcy tax return` document stating i owe CRA $400…I file my taxes every year and have always received a refund, even tho […]
Declaring Bankruptcy in Canada
Are you thinking of declaring bankruptcy but are not sure if that is the right choice in your situation? – Here’s what you need to know, for starters: Filing personal bankruptcy in Canada allows you to eliminate most debts, and get a fresh start. Once you file bankruptcy, collection-calls and wage garnishments stop, and you can begin rebuilding your financial life.
Learn About the Bankruptcy Process & then Contact a Trustee
- What is personal bankruptcy in Canada?
- What am I required to do while I am bankrupt?
- How long will I be bankrupt in Canada?
- What happens to my debts when I go bankrupt in Canada?
- Will tax debts and Revenue Canada debts be discharged in a bankruptcy in Canada?
- Does filing for Bankruptcy affect my spouse?
- Who will know that I filed bankruptcy in Canada?
- What are the causes of bankruptcy in Canada?
- How many people go bankrupt in Canada?
- What is the Bankruptcy and Insolvency Act?
- What is surplus income?
- Should I feel guilty if I go bankrupt?
If you’re considering declaring bankruptcy we recommend you contact a trustee near you for a free consultation: your first meeting will be free of charge or obligation.
Most Recent ‘Bankruptcy’ Posts
What if some household items didn`t belong too me when I moved in to my current spouses home, my name is not on the property at all and I didn`t move in with much do they consider all furnishings etc. to be mine because we are married as well or just what is mine, my […]
Just have a question regarding a quarterly profit share my company gives if there is a profit and how does it affect my monthly surplus. I had read if you make over a certain amount over the 9 month period your bankruptcy can be extended to 24 months even for a first time bankrupt person. […]
My spouse purchased our home before we got married. Around 3 yrs ago I had to co-sign for the mortgage because we refinanced, so my name is now on the mortgage and house. I want to get separated, can my spouse refinance again by himself (so my name gets removed)before we separate? I don`t want […]
1.DOES BANKRUPCY EFFECTS APPLICATION TO CANADA CITIZENSHIP AND CITIZENSHIP STATUS. 2.CAN AFTER FILLING BANKRUPCY APPLICATION PERSON CAN TRAVEL OUT OF CANADA. 3.ARE INDEPENDENT CHILDREN LIKE STUDENT OR DOING JOB AT THEIR OWN LEVEL BUT WITH LIVING WITH PERSON WO HAVE FILED BANKRUPCY EFFECT THOSE FAMILY MEMBERS Posted from: Alberta
I am still in bankruptcy and I have a savings of approx. $1,000 from surplus income. I would like to invest it a TFSA to purchase stocks however I am wondering if any dividends or capital gains I may receive while I am still in bankruptcy will go to my creditors? Posted from: British Columbia