Bankruptcy Articles - Archive: May 2009

Hi, I am looking at filing myself. I understand how to calculate surplus income with my income and my common law partner`s income. However I am not sure how the Child support payments that he must make are seen. They are a non-dicresionary bill we have to pay but will it be looked at it [...]

I have a farm (not my main income source). Question 1: how does livestock figure into bankruptcy? My livestock is jointly owned with another person who is NOT filing for bankruptcy Question 2: The family home is on the farm property of 20 acres. Will the home be taken? The home is jointly owned with [...]

I am considering going into bankruptcy but I was wondering if there are any travel restrictions while in bankruptcy? Are you still allowed to go overseas? Kind Regards, M Posted from: Alberta

I am a co-signer for my son`s vehicle which he makes the payments on. I am contemplating bankruptcy for myself. What will this mean for my son`s vehicle? Posted from: Alberta

if you receive child support is that considered income when determining the surplus amount? Posted from: Alberta

A followup question (from a different poster): You say that a bankrupt will not lose the CCTB, but is that only the case because the CCTB will be lower than the threshold amount? I need to file for bankruptcy, but my take-home pay and the amount my girlfriend receives in CCTB combined is greater than [...]

I am an owner of a company in canada and owner of a company in the states if i go bankrupt in canada because of CRA debt will it affect my american business Posted from: Ontario

What happens if after you complete the form detailing your family monthly expenses and then one of your expenses increases like you strata fees and food? What effect does this have on your surplus income? Can these things be changed during the bankruptcy as the cost of living will obviously be changing during bankruptcy or [...]

I have been in a bad divorce and have still not received a cent in support from my ex..I am barely getting by as it is with 2 small children. I already have one garnishment coming out of my pay and have just been served with another one. If I file for bankruptcy, do these [...]

what happens to the surplus income once my maternity leave payments are over? Does my husband get to keep more of his wages instead of paying the trustee? Also if you owe money for taxes and gst to they keep your children`s tax benefits and universal taxes? Posted from: British Columbia