What I Keep or Lose in Bankruptcy in Canada Articles - Archive: 2010

Hi, I currently hold rsp which are GIC and would mature early next year. Due to my current finacial situation I am considering bankruptcy but would like to know if my rsp could be exempt. thanks for your advise Posted from: Ontario

Hi, We filed for bankruptcy about 6 months ago. We have about 18 months to go before we are discharged. Our Trustee\’s accountant did all of our back taxes, business and personal, from 2006 to 2009. During those 3 years we didn\’t receive any child tax benefits because we didn\’t have our taxes done. Now [...]

If I gift my car (2009 Corolla-fully paid) to a friend or family member just before I claim Bankruptcy – will this be problematic? Posted from: Manitoba

Will someone be coming to my home to see what assets they can seize? Posted from: Ontario

I can`t find anywhere if my pets are affected by bankruptcy. I have 2 horses (one that was willed to me by a friend) and 3 dogs. All are like kids to me and I would never let anyone take them. I have read through the Ontario info and don`t see anywhere if they are [...]

Will the RESP`S that are set up for my daughters be affected? Are student loans taken care of by claiming bankruptcy? Thank-you Posted from: Ontario

If I won money in a contest just before, or just after I filed for bankruptcy, would I get to keep the money? Posted from: Ontario

Can you take your name off a shared land title as to not hurt the other people on title, before declaring bankruptcy? Posted from: Ontario

Would I lose my car if I claimed bankruptcy Posted from: Alberta

My ex wife and I own a company together. She left s few years ago but still remains on the Corporation papers (she will not sign off). We had very poor bookkeeping and while settling our divorce the books showed a huge debt to the Government, banks, and some suppliers ($110,000) I have personally treid [...]