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