After Bankruptcy: Answers to Questions

Most Recent ‘After Bankruptcy’ Posts

How long do I have to wait after discharge??

I claimed bankruptcy in 2001 when I was 20….I didnt get discharged until last year 2007…I have not been in any debt since 2001, I have a very good steady paying job, paid off a $14,000 loan in 2 years and I have had a secured credit card in good standing for the last year. […]

creditor

I am discharge from bankruptcy since January 2008. I had a registered business and I usualy paid my suppliors with my credit card. Two months prior to bankruptcy I paid one of my supplior $900.00 (when I filed for bankruptcy, all pmts to my creditor were paid in time, no default paiements) Today the credit […]

inheritance and bankruptcy

My husband went bankrupt should be discharged in May. If he receives an inheritance I know he has to surrender the money to the trustee. My question is does he have to surrender items like a car or house or just cash? If he inherits enough money to pay off his creditors does the bankruptcy […]

live outside the country while going bankrupt

can i live outside the country while going bankrupt

Income tax return

I claimed bankruptcy in February 2006. I was discharged in January 2007. In April 2007, an accountant did my 2006 taxes. I owed $2700, which I have paid. In May 2007, my trustee contacted me to advise that they should have done my 2006 taxes (pre and post bankruptcy for that year). I submitted all […]

Financial Aid to a bankruptcy friend

If I give a money gift to someone who has declared bankruptcy, do they have to report that as income? What is the best way to help out a friend financially, in this situation?

when bankrupt for the second time

After bankruptcy proceedings are complete and I am dutifully meeting all my financial obligations including a payment of 600.00 per month,can I invest in the stock market. The money used would be a portion of the 50% I am allowed to keep from my new job. The 600.00 comes out of my pension revenue.

Business Credit Card

I have about $72000 in debt, I lost my job I think I will file for bankruptcy My question, I had incorporated the company few years ago, closed down 1/2 years ago Still have business card my name on it Because after i closed business i called credit company they told me i can use […]

tax refund

after filing bankruptcy can I keep my tax refund?

when do i need to say i have went bankrupt a second time

If i went bankrupt 30 years ago do I still need to declare that to the Licensed Insolvency Trustee? How long does the gov`t keep this info on file? Thanks Chris

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If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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