Bankruptcy Articles - Archive: June 2009

If one is has no equity in their house but wants to keep the home. Can the outstanding property taxes on the property be discharged under bankruptcy? Posted from: Ontario

I have been opposed discharge becouse of ( Assets did not equal 50 cents on the dollar) Can someone explain this, please Posted from: Ontario

I was in court for a discharge hearing (2nd bankruptcy) in December 2008. On June 19, 2009 I finally received a copy of the court order: `discharge suspended six (6) months CONCURRENT with the condition that the bankrupt makes payment of $11,630 to the Trustee`. The covering letter from the Trustee`s office states that I [...]

I filed for bankruptcy Nov 2008, attended the required credit counsilling classes a, paid monthly surplus income overages, etc and now my trustee informs me that they are going to extend my first time bankruptcy for another 4 months becuase of my surplus income throughout the process. My question is how many times can the [...]

Can someone file for bankruptcy if they are terminally ill? Also, if the person only lives for 6 months after filing, what happens? Would the spouse or estate be responsible? Posted from: New Brunswick

We have a trustee … we have filed bankruptcy …. collection agency will not stop calling … Statement of Affairs has been issued …trustee says do not answer the phone … calls will not stop …what do we do to gain some peace ? Posted from: Alberta

I just found out my ex declared bankruptcy, now i`m assuming the bank will come after me about the house we jointly own. i do not live there & cannot make the payments. do i have to declare bankruptcy now too? The bank does not have my forwarding info, what if i just ignore it [...]

My huband and I both lost our jobs and have had a very hard time paying all of our bills on EI…the other day we got served papers to go to court and I am wondering if it too late to file for bankruptcy? Would a proposal help? I am so worried about this…what if [...]

If I declare bankruptcy but have no assets to sell, other than my laptop and clothes, etc, what will happen? I have over $27,000 in unsecured debt and recently got married. My husband has a truck, vehicle trailor and a jeep that he aquired before we got married and is all in his name. Will [...]

If my corporation has 300k owing in back taxes to Revenue Canada will bankruptcy erase this debt? Posted from: British Columbia