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

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

I am a single mother who graduated with a psych degree in 2011 / social services diploma 2007; I have had to go on assistance 2013 – the father of my child owed 45,000 but is unable to pay due to disability : my house was recently foreclosed in June- just got a letter that […]

My question is of I were to claim bankruptcy can I not include my credit card. Posted from: British Columbia

I have set up bank accounts for my under age children and I go bankrupt can they get the children’s money or is it secure thanks Posted from: Ontario

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