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After Bankruptcy: Answers to Questions

Most Recent ‘After Bankruptcy’ Posts

co-signer`s release from judgement

I co-signed a loan (about $14,000) in 1997 for a relative. I have since left the city, changed address and phone number. The person in question declared bankruptcy in 2003 and has now been cleared from that. Recently I inquired from my credit card company about my credit and was told that it was very […]

bankruptcy

can i get a mortgage after being released but not fully discharged from bankruptcy Posted from: Nova Scotia

Post Bankruptcy and Adding Student Loans

I was discharged in September 2008 for my bankruptcy, and was just recently advised I could add my old (now eight years old) student loans to the settlement because of new legislation. So, I contacted my Licensed Insolvency Trustee to see what the process was – but both they, and three other trustees – advised […]

Are taxes payable on damages awarded during bankruptcy?

I declared bankruptcy in October 2007, with CRA as the only creditor. I was working as an independent contractor and got fired in January 2008, which led to a wrongful dismissal settlement. I hadn’t been paid since September 2007, but we negotiated $45k (after fees) as ‘damages’ (justifiably) rather than lost income, and the trustee […]

Calculating Surplus Income

If your monthly income is not the same every month how does the surplus income get calculated? Would it just be based on a per month schedule or would it get worked out at the end of the 9 months (ie income threshold vs income made and surplus according to that) Posted from: British Columbia

The second car

I am on the way for file personal bankruptcy, I have my pickup truck which is worth 2000 dollars.I have one Nissan which goes in bankruptcy.I need info if i buy another car worst 1000 dollars can i do that, because my wife is working and need one car for work and i need second […]

DISCHARGED BANKRUPT

WHAT HAPPENS IF YOU WIN MONEY AFTER YOU ARE DISCHARGED. Posted from: New Brunswick

bankruptcy and tax refunds

I filed bankruptcy in January 2008. My return for 2007 (refund) went to my bankruptcy estate, as well – they filed a pre-bankruptcy return for Jan. 1 – 6, 2008. They told me that I personally can file for my Jan. 7 – Dec. 31, 2008 return and keep any refunds if applicable. My absolute […]

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