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

Three years ago a relative was injured badly in an auto accident that was not his fault. He has received no compensation to date – only some medical expenses(?). He is not able to earn an income due to his injuries. Somehow he negotiated an auto loan (with no income!) in which he has tens […]

I have a new vehicle (ford credit loan) as I need to travel to a different province for my medical (wcb) problems and I need something that is reliable in winter and summer. is it possible that I can keep my vehicle and still file bankruptcy?

Do medical/dental benefit repayments count as surplus income? Example: I spend $100 on eye glasses and submit the receipt to benefits who then reimburse the cost. Will the reimbursement of my initial expense count as surplus income?

I am thinking of going bankrupt. My husband has health problems and can’t work like he used to on his construction business. We owe a lot of money and will never be able to pay it all. I also put in a claim for Critical Insurance for my husbands heart attack and I am wondering […]

My ex and I own a rental property together that is in danger of making myself and her go bankrupt. But my wife and I own a home that we live in. If the worst happens and I go bankrupt, will my wife and I lose our home?

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

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