What I Keep or Lose in Bankruptcy in Canada Articles - Archive: 2011 Page 2

My father is considering Personal Bankrupcy….he is a widow, and has no assets other than the trailer he lives in, in the summer…1980 trailer, and the trailer he lives in, in the winter in Florida. He does not owe back taxes but owes on credit cards (11 cards- average of apprx. $15000. each) He has [...]

i have a GIC which is in trust for a family member, will bankruptcy take this too? Posted from: Ontario

Why would my 19 year old son lose an education fund that was set up for him 17 years ago when I have to declare bankruptcy?He is the beneficiary…. Posted from: Newfoundland and Labrador

Hi My husband is thinking of filing for bankruptcy, as we have gotten into trouble with credit cards. We currently have 2 vehicles. A mini van, which I use and a car my husband uses for work. The car is paid for and we are still paying for the mini-van, payments are up to date. [...]

my question is can my friend purchase a cheaper car after she declares bankruptcy after giving up the financed one or she wont be able to until say the 9 months are over.thanks Posted from: Ontario

I am in a 21-month bankruptcy due to excess income. I filed in July of last year. My trustee filed my post-bankruptcy return. Today, I received a an income tax refund cheque from CRA. Do I have to turn the entirety of it over to my trustee, or do I get to keep it, just [...]

I have home with a $150K Secured line of credit and a 2nd mtg of $75K. I am on a LTD disability and I work only 3 days a week 4 hours per day at $10.00 per hour. I am finding it hard to meet my financial obligations and experiencing an increase in poor health [...]

My soon to be ex is trying to file bankruptcy to get his name off the mortgage. I live in the house with our 2 children, I have been paying the mortgage. We bought the house with my inheritance. Will the house be effected? Posted from: Ontario

My wifes father recently passed away and had declared bankruptcy. He was 3 months into his payments and died of cancer. He had a life insurance policy that he has left for her mom, they separated 10 years ago – not divorced. Is this policy protected or is she going to have to hand it [...]

Do I get to keep my rrsp. My company contribute and so do I. Been there 20 year. Posted from: Alberta