Bankruptcy Articles - Archive: January 2010

If a person gets married during their bankruptcy how does this effect their allowable income? Also is there any effect on their new spouse who had no part in the previous debt and does not benefit from any part of the bankrupt`s income? Posted from: Alberta

this is my 2nd bankruptcy. My employer wants me to go to conferences in the USA will I able to travel to the USA or will I have to explain my personal financial situation to my employer Posted from: Ontario

I understand that a bankrupt loses their tax refund for the year that they file for bankruptcy, but what happens in the following year if they are still in the bankruptcy stage? For example, I filed for bankruptcy in Jan of 2009 and will lose my refund when my trustee files my taxes for 2008. [...]

I understand that a bankrupt loses their tax refund for the year that they file for bankruptcy, but what happens in the following year if they are still in the bankruptcy stage? For example, I filed for bankruptcy in June of 2009 and will lose my tax refund (if I have one) when my trustee [...]

I owe a lot of money to a personal friend that had me sign a demand letter. Unfortunately I did not win my law suit and I need to claim bankruptcy, will personal debt be included? Posted from: Ontario

What would happen to an income tax refund cheque, if I file my income tax return for the present year and subsequently file for bankruptcy, before the refund cheque arrives. Posted from: British Columbia

If I am currently paying my minimum payments but really struggling can I still apply for bankrupcy or do I need to stop paying the minimum payments first. Posted from: Ontario

Does my child tax Benefit have to be claimed as an income and my husband who is also bankrupt just got a rebate cheque for energy savings in our home.Do we have to claim this aswell or does it belong to us??? Thanks Posted from: Ontario

I know someone who filed for personal bankruptcy and failed to disclose brokerage account with stocks worth over $20.000 That person knows that trustee has no way to find that account, so I would like to inform the appropriate person..Who would that be? Thanks Posted from: Ontario

Can you please advise what the deducted amount is for a single mom with one child who doesn`t receive any additonal child support from the ex. Is it still $1875 or would the child will also have an additional deduction amount. I make approxi $2600 take home pay each month. Trying to calculate if I [...]