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After Bankruptcy: Answers to Questions

Most Recent ‘After Bankruptcy’ Posts

1st Tax return after discharge

My husband and I claimed bankruptcy in Oct.2007 and received a full discharge in July 2008. Is there anything we need to know or do before filing our 2008 income tax returns? Can we file them using Netfile or must we file the paper copy by mail? Thank you Posted from: Ontario

Updating credit standing

I filed for personal bankruptcy in Nov. 2002. Since then my credit rating hasn`t budged and I keep getting refused for credt cards. Is there a procedure to go through to update my profile and who can I consult for that ? Thank you. Posted from: Quebec

income tax and bankruptcy

this will be my first year to be filing my taxes on my own after bankruptcy. Typically I would get my uncle to do its just how it works in my family. He does not know I went backrput, but is aware he will be filing my taxes this year and dosent ask why he […]

Bankruptcy

How long after you file bankruptcy does your tax return get seized or does it? Posted from: Ontario

some questions

I am a sole proprietor having civil litigation judgement , unpaid GST AND OTHER TAXES. It is impossible to pay the judgement. The equity in the house is 3 times less then the judgement. Also the house is in both my and my ex common in laws name. We both have bad credit now. Business […]

RRSP Contribution and deduction after bankruptcy

Hello, I was discharged from bankruptcy back in February of 2008 and last year my income tax was filed for me from my trustee (for the 2007 year). This year I need to do my own. I am thinking of contributing to my RRSP but would like to know what my contribution limit (18%) actually […]

conditions before discharge

I have now received the Trustee`s supplementary report for discharge. they have put five conditions for the curt to consider before discharge, Can I make changes for those conditions or the judge will jest stamp it. Is the Judge decision final or It can be appealed or altered. Posted from: Ontario

will my kids be affected if I declare bankruptcy

I need to know if I am declaring bankruptcy my kids, 16 and 13,will receiving consequences of my ruin..I`m sorry but at this moment I`m thinking about them,there is a consequence on their credit too (I`m thinking if they will apply for a loan student for university)? Posted from: Ontario

Discharged in March 2008

I went bankrupt in June 2007. Was discharged in March 2008. My trustee filed the taxes for 2007, but who now files for 2008. I was reading your blog and I`m not sure if I file. I have no conditions on my discharge. I`m even more unsure as I did notice that my trustee was […]

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