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After Bankruptcy: Answers to Questions

Most Recent ‘After Bankruptcy’ Posts

appealing a will

What happens if during bankruptcy, a will, in which one is too inhertit a small bit of money, is being appealed by other members of the family. If the appeal takes longer then the durtion of the bankruptcy does it affect the outcome of how much the trustee is given? Posted from: Manitoba

Vehicle

After a person has filed bankruptcy, gave his car to the trustee, can that person purchase a used car for a couple of hundred dollars or could that vehicle be seized? Posted from: Ontario

Bankruptcy and Sponsorship

Can I sponsor a spouse after bankruptcy? If so, how long do i have to wait before I do so? Posted from: Ontario

RRSP plan with work

I am in an rrsp plan with my work. I put in 4% and they match it. The money goes into RRSP`s in segregated funds with Canada Life. Is there still the 12 month claw back? Posted from: New Brunswick

taxes

My only debt is to the Goverment, I owe a few years of income taxes, I took some bad advice and my employer paid me through a incorporated business name I had for a business I was not operating but had not dissolved. I dont have any saving to pay? wILL DECLARING bancruptcy affect me […]

How to find out who the trustee is?

I have been listed on a debtor but can not find the paper work to find out who the trustee is and I have questions for them. can you help? Posted from: Ontario

co-singed loan -effect on credit?

My husband and I are in need of a new car. We are looking for something cheap. We have been pre-approved to finance at an attrocious interest rate (which we expected) and were told leasing is not an option. We could lease for much cheaper than we could finance but can`t get approved to lease […]

Would creditors sue me personally for recovery

I have personally gauranteed for my business to a line of credit, a few company credit cards as well as a private business loan. My company is going unders and I have no personal assets left. Would these creditors sue me personally for recovery? Can they put me into personal bankruptcy? I also have some […]

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