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After Bankruptcy: Answers to Questions

Most Recent ‘After Bankruptcy’ Posts

Leasing an automobile to maintain employment

Is a person who has declared bankruptcy allowed to lease an automobile in order to maintain employment? The lease would be for the duration of the period established by the Consumer Proposal? Posted from: Ontario

How long will a bankrupty last?

1) How long after filing bankruptcy papers with my trustee will I know if it will be 9 months or more before I am discharged ? 2) If my trustee tells me 9 months, can I be pretty sure that it will be 9 months, or will I get a major suprise 2-3 months later […]

Declaring Bankruptcy and leaving the country.

I`am a Canadian citizen , I have a debt of 122K in Canada , I`am currently unemployed and I`am planning to leave the country in a few months. If i declare bankruptcy now can I ….. 1. Leave the country before discharge? How long should I plan on staying after declaring bankruptcy? 2. Pay reasonable […]

need new car, not yet discharged

My husband and I had to file for bankruptcy in January 2008. They came and took our vehicles this month. We are finding it very difficult without the vehicle, as I have a job that I am called at a moments notice and the bus is not always available. A family member has offered us […]

Leaving the country

How long do I ahve to stay in the country if I decalre bankrupcy. I lost my job and is very difficult to get my life in order (which drove me to bankrupcy). I was offered assistance from my relatives in the US but I don want to make things right under the bankrupcy act. […]

Minority shareholder declaring bankruptcy

If I own 25% of an incorporated business when I declare bankruptcy and the trustee cannot find a buyer for those shares (because nobody in his right mind will pay to be a minority shareholder in a close family run business!) can he demand that the corporation or other shareholders pay him 25% of net […]

Payment

I currently owe about $36000 in unsecured debt, and I would rather file a proposal instead of bankruptcy. I am planning on offering $350/mth for 24 months. Does that seem like an acceptable offer? It will be more then they would recieve in bankruptcy.. so I`m wondering what the chances are for acceptance. I don`t […]

wondering

I filed bankruptcy about 10 years ago, I never paid it off but fufilled all other duties. When I filed I had just been released from the psych ward five days prior and was heavily medicated. I only met with my trustee once from what I can recall, don`t ever remember bringing in any sort […]

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