Bankruptcy Articles - Archive: July 2009

If I declare bankrupcy (just myself, not my spouse), what happens to the money that we received from the government from the BC Family Bonus program and the Universal Child Care Benefit? Posted from: British Columbia

What happens if a creditor contacts your employer? I am assuming that they know not to but what if they do anyway? Posted from: Ontario

Hello, My husband owns a home in his name which we rent out, and we recently purchased a new home in my name, and my husband co-signed for me for the mortgage. We are having problems with our tenants not paying, and we can`t can`t find anyone else, and we can`t afford paying for these [...]

I am out of canada for the last 3- years i-e since 2005, same year in 2005, I took loan from credit lines and credit cards of different canadian banks. am I a Bankrupt now or I do need to file bankruptcy. Posted from: Ontario

My current financial difficulties are partly a result of 2 chronic health conditions that have negatively impacted my earnings over the last year. If I file for either a proposal or bankruptcy will I need to make a `public` disclosure of my health issues as part of the process? Posted from: Nova Scotia

I felt a Consumer Proposal was best for me however I feel I was talked into Bankruptcy…the Bankruptcy was filed…is it possible to change to a Consumer Proposal once a Bankruptcy has already been filed…my Trustee did not offer nor give me the opportunity to do a Consumer Proposal…when I went for my consultation they [...]

What if a person dies and has no money in their estate, is the supplementary card holder stiil responsible for the debt.I did use the card to purchase items for the main cardholder. Posted from: Ontario

If a person has a civil judgment against them (not a criminal judgment but something involving money only, such as a small claims court judgment), is this debt included in a bankruptcy or does it durvive the bankruptcy? Posted from: Ontario

what happens if i can`t afford to continue to pay the trustee the assigned amount for 9 months Posted from: Alberta

What defines `secured debt` in bankruptcy? Is it the contract or is it the actual registering of a lien on the secured property? I have property which is supposedly `secured` by contract but I cannot find a lien registered against it in Ontario. If I declare bankruptcy , will I be able to keep the [...]