What I Keep or Lose in Bankruptcy in Canada Articles - Archive: 2008

what happens if I file bankruptcy and my ex spouse is not and both of our names are on the mortgage for our house. And we have shared loans. I have become gravely ill and have no income to pay any of my creditors Posted from: British Columbia

What happens if I am on title of my mothers house and I delcare bankruptcy? Posted from: British Columbia

If I declare bankruptcy and then due receive a bonus from work. Will I be able to keep any of it? I will already be paying a surplus amount, will this just get added to the surplus equation or will they take it all? Posted from: Ontario

I filed for bankruptcy in March of 2008. My trustee filed an income tax return for 2007 subsequently. I received a refund in excess of $1000.00. Am I entitled to any of this refund? Posted from: Ontario

I bought some Christmas presents, value between $20-250, on a store credit card. When I file bankruptcy, will the creditor demand them back? Posted from: Saskatchewan

Assuming I lived very frugally and could put some money aside during the bankruptcy period, would I be allowed to purchase (and keep) a used car while bankrupt? Posted from: Saskatchewan

We transferred ownership of our house 2.5 years ago. The house is now in my husbands name. I am planning on declaring bankruptcy. Will this situation affect our home? Because of my work situation I have to declare personal bankruptcy. I am self employed. Bankruptcy debts are $130,000. Posted from: Ontario

Hi, I`m a single mom and have been separated for 2 years. My issue is that my ex wants to file bankruptcy with his common law girlfriend. How will this affect me?? We are not legally divorced. He does pay half of the car loan(I have the car) and we had a furniture credit card [...]

What do i keep in NB Posted from: New Brunswick

I recently bought a used car in Aug/08. Its a 2004, I bought it for $7000 but, with insurance and interest my loan is for $18,000. Now my question is, will I be able to keep my car? I HAVE to have it for work so, I`m nervous. I have made all the payments and [...]