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after receiving counselling going bancrupt was recommended. setup to pay 150.00 per month based on my income. now at the end they are telling me I have to pay 10,000 in surplus income. I am a single mother of 3 children working fulltimetrying to make ends meet. It was hard enough to pay the 150.00 […]
In reference to a recent question concerning extensions of the discharge period.. you said this is quite common when the surplus is high. What is considered a high surplus today? Posted from: Ontario
I have been informed that the Trustee fee is approx $1500. If and when I file for bankruptcy, how do I pay the trustee each month. 1) Do I have to send him/her a cheque each month or is there direct WEB-BANKING that I can use to send the monthly $$. Also, what method do […]
I understand that if I file for bankruptcy in say sept, the taxes on my disability income, LTD and CPPD (tax not deducted), will be figured for the year and I would be only responsible for the 3 months after my filing. My question is whether the tax payable is evenly divided over 12 months? […]
In Ontario, what is the fee that a trustee can charge you for the services he provides. I heard its approx $1700 Also, can this fee be paid in full at the start or does it have to be distributed during the 9 months that I would be in bankruptcy ? ps. My wife would […]
I find your site very helpfull, and I feel more comfortable making the decision to see a trustee. The one thing that bothers me is that it seems that the more money a trustee can get out of you or things they can seize, the more money they make. How can they advise you in […]
After 3 years of illness and operations I finally had to go on permanent disability. As my income plummeted and bills stayed the same I got myself into huge line of credit and card debt to pay everything. My question is how my income, LTD$1300, and CPP disability $950 a month will be surplused. I […]
I finished full-times studies in October of 1995 and still owe more than $7000.00 in loans. They want their money now in full but I also owe approximately $8000.00 in credit card debt. I do not own a house or a vehicle and I make about $1100.00 a month. The only loan that I qualify […]
I now attend school so I lost my income because I no longer work…my income went from 40k to 15k….will there be a cost to file for bankruptcy…my income comes from child tax benefit and i only receive 1175 per month
I filed for bankruptcy on June 14,2007. I have surplus income and I am due to be discharged on March 14, 2008. During my initial consultation I was informed that if I had surplus income my banckruptcy would be extended 3 – 6 months being a first time bankrupt. I am curious to know if […]
