Connecting You with Trusted Licensed Insolvency Trustees – We’re Here to Guide, Not Decide. Learn More
If I am bankrupt and my property is foreclosed, and in the sale of the property the creditor is not able to recover the full amount owed; Do I still owe them the difference after bankruptcy even though , or is that also discharged?
Can a bankruptcy discharge ever be undone? I received my papers in early September, and while I should feel relief that the process is over, I`m instead fearful that somehow, the discharge could be undone in the future – I don`t know if that is even possible, but if it is, under what circumstances would […]
Our bankruptcy was discharged in the summer. We have received our discharge papers, long ago, but not received the disbursement papers yet. Should we have received those by now? Calls and emails to our trustee have gone unanswered. Our income tax has not been processed yet, so no GST cheques have been issued since last […]
if i were to receive a severance package during bankruptcy would all that go into paying creditors owed?
I declared bankruptcy. Does that mean that I am not bondable (employment criteria)? I have a clean criminal background. I live in the province of Ontario.
I`m a landlord of renters who just declared bankrupcy. They`ve been tenants for two months, with the second month being 2 weeks late on rent payment. They`re givenme new cheques as they had to change banks but they say they may struggle paying the rent. What should I do to protect myself? Possibly get the […]
It is a bit disturbing, that I have read at least 4 different entries of discharged bankrupts that have banks/lawyers calling, harrasing claiming fraud and demanding payment. How commonplace is this situation? It really worries me that the nightmare may continue. In your experience are these just sporadic reports or part of a system of […]
I just went bankrupt, first time, surplus income and will be making payments for 21 months. I understood the law was going to change to do this, but it was stalled indefinitely. All info I find on the internet is ambiguous and keeps referring to a possible change that has not taken place. Even the […]
I am bankrupt and have an apartment with negative equity. There are 3 mortgages; the first has about 83,000 owing, the second 40,000 and the third about 30,000. A relative is a guarantor on the first mortgage only. There are no guarantors for the second and third. The lenders are 2 different institutions. A similar […]
If you are newly bankrupt and send in your monthly income/expense reports on time, are there any instances where the trustee may, in the near future, request to see your bank statements? And at the end of the bankruptcy, is there a chance all of your bank statements will be called in? I`m asking because […]
