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

I`ve been accepted for a CPP Disability. They are giving me a back pay of $10 thousand. Will I lose this to my creditors?? I`ve already declared bankruptcy 5 months ago. Posted from: Ontario

If I am expecting money from an estate that hasn`t been settled (the person died over a year ago), and I now declare bankruptcy, will I lose that money? Posted from: British Columbia

if i am the sole director of a franchise in that there is no personal stuff used as security but i am personally poor from unsecured credit cards $250000 does the franchise become part of the personall bankruptcy or does the franchise stand on its own.could i go personally bankrupt and keep the franchise or [...]

I did my mom`s finances recently after my dad`s death. Between her and the joint accounts between them, she now would have about $53000 in debt, a minimum payment of just a touch over $1500 a month on a $1100/month income. This doesn`t include bills and such. The house was between me and my dad, [...]

I am going to be filing for bankruptcy early next month. I realize you lose everything that is worth something. ex: RRSP`s inheritance, vehicles that are worth more then $5000.00 etc… My question is, when you declair bankruptcy, what is it you lose during your bankrupcty…. I think I understand I will not receive GST [...]