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Archive for the ‘What I Keep or Lose in Bankruptcy in Canada’ Category

I have a huge debt owing with Canada revenue…i cannot afford wage garnishes…what can i do…i cannot get a loan from the bank that they are suggesting…i have sent them a letter from the bank confirming this…iam afraid of what can happen to me and i need some help on what to do??/

I have an RRSP which was my wife’s who passed away in 2012. I have been an undischarged bankrupt since 2002. my bankruptcy trustee himself was recently discharged from my file. i have just received a letter from cra claiming taxes owing from prior to my bankrupcy. Can the CRA seize this rrsp which is […]

I am in a second bankruptcy. When I filed I was in the process of filing for long term disability. I was turned down twice, and then won my appeal. I am two years into my bankruptcy and have just been paid out a settlement of $29,000. Will I Lose My Long Term Disability Settlement […]

my spouse has passed away leaving me with a small amount of money from his life insurance policy. If I declare bankruptcy will I lose the life insurance money? My monthly income as I am a senior is approx 1250.00.

If a person is a trustee for a family member and files for bankruptcy, what happens to the financial obligations to the trustee Posted from: Saskatchewan

If I file bankruptcy and have already received my tax return… What happens?? If I’ve already spent it on clothing or food.. Will I need proof? Posted from: Newfoundland and Labrador

A relative by marriage filed for bankruptcy 2012. Lied to the trustees about debts and is suppose to go to bankruptcy court. In 2013 he received a new vehicle as a buyout from company he retired from as well as a cash settlement. Why does he still have the vehicle? I told the trustee and […]

If I am a single mom of three small children who lost her job but has since secured a new one but the new job wage does not cover enough for my mortgage , car loan and bills I have incurred while off work will I lose my home and car as I pay what […]

Will my kids lose their belongings?

Just wondering if I claim bankrupcy, will they take my children’s belongings (ie. Toys, their furnature(bed, dresser))? Posted from: New Brunswick

Will I lose my home, vehicle and business if I declare personal bankruptcy? Posted from: Nova Scotia

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