What I Keep or Lose in Bankruptcy in Canada Articles - Archive: 2008 Page 2

About 18 months ago I added a $175k Home Trust Visa that was secured and registered on title to my mortgage. My first mortgage and this mortgage are fully current – my issue is that I am facing bankruptcy and I have $275k on my first mortgage and $175k on title as security. If I [...]

I am filing bankruptcy for my business which is in my name only will this effect my husbands credit and can they come after our personal assets such as house cars? Posted from: Manitoba

I have unsecured debt of approx. $50,000 and a secured auto/personal loan with $10,000 remaining. I have paid this loan faithfully and on time (as I have with all of my other debt) until now. Question: I am suddenly without work and need my car to secure work — will the bank re-possess the vehicle [...]

What happens to my Canada pension , CPP/OAS after bankruptcy ?. Can I still recieve payments ? Posted from: British Columbia

My Mom is probably going to recieve an inheritance – she recently had to go bankrupt. How much will they take? Posted from: British Columbia

My sister and I jointly own a trailer (RV). If I were to claim bankruptcy, what would happen to the trailer? How would this work with regard to it as an asset? Posted from: Ontario

i have two vehicles, one is newly leased, valuing to $30,000 and a paid off valuing to $2,500 or less, if i go on bankruptcy, will i be able to keep both or will i be told to return the leased one? Posted from: British Columbia

I own my own home and am up to date with my mortgage. My truck is paid off. My debt is mostly with a repoed car, credit cards and a line of credit. Is it possible to go bankrupt with just those debts without losing my home and vehicle(I have a daughter with sevre health [...]

The laws in NS state that for a person who owns a home there is $0 in equity in your are exempt from. Does this mean that no matter what the amount of equity I have, I need to sell my home and put the equity towards the bankruptcy settlement OR can I keep my [...]

lately we got compensated through our rental policy for stolen items we used to have such as jewelery.laptop,camera a GPS…in case of bankruptcy should we surrender this amount although i read that under bankruptcy law we cn keep certain things of an assigned value. Posted from: Ontario