What I Keep or Lose in Bankruptcy in Canada Articles - Archive: January 2009

I have 2 small children, and when they were born, my grandparents gave me $3000 for each of them to invest in a GIC for my childrens future. The certificates are in both my name and the children names, if I file for bankruptcy will I have to cash in my childrens GIC`s and give [...]

Family consists of 2 adults, 3 kids with one on the way… My wife is debating to file for bankruptcy… Only source of income is my ODSP benifit, baby bonus, gst credit. Will any of this be taken? I know the trustee files for my wife.. but she has no income of her own… How [...]

If I file for bankruptcy, what happens if I am left items from a person in their will when they die? Posted from: Alberta

If someone has no assets but owns jewellery valued at over $4000 (allowable value of household goods in BC), would this jewellery be seized in a bankruptcy? Posted from: British Columbia

what do you keep or lose during bankruptcy? Posted from: Ontario

Can I contribute to an RRSP while in bankruptcy to offset money owed to CCRA, instead of just giving them the money?? Posted from: British Columbia

hi my last year total income was above 40,000, will i get any tax refunds ? Posted from: British Columbia

I am a renovator who has no work and can`t pay my debts in my limited company. The only assets I have are the tools that I use for work that are worth about $15000. In personal bankruptcy those tools are protected. Is this so in the case of the corporation? or am I not [...]

I currently own to homes. One I have a mortgage one plus a secured line of credit. The other I only have a secured line of credit. With the housing drop, my first house has more debt, then it is worth and the other house is about equal to the debt. If I declare bankrupty [...]

I have had a lot of health problems which have affected my ability to work and pay my mortgage – my former partner is an artist and his earnings have always been varied. We are now separated and I have now discovered he ran up 30000 on one of my credit cards – I have [...]