Car ownership
If I gift my car (2009 Corolla-fully paid) to a friend or family member just before I claim Bankruptcy – will this be problematic? Posted from: Manitoba
Q&A: Answers to Questions
Most Recent ‘Q&A’ Posts
Options?
We have a great credit rating, however our dedt is way out of control. We make our monthly payments but have been getting no where. Over tha last 5 years our debt has not come down at all. It just hovers in the $100,000.00 range. I do not know what to do. I always pay […]
just looking for some ansers
i am 26 years old… i have about 60,000 dollars in debt . 25,000 is for a truck i bought . one year ago i consolidated a lot of debt which totals 25,000 dollars and a student loan of 10,000. its hard to get out of this debt. i was thinking bankrupcy but i plan […]
keeping car
Hi, if a husband and wife both file for bankruptcy, and have one car between them valued at approx. 10,000, can we keep car? It is only registered in husbands name, but both names are on the bill of sale and insurance? Thankyou Rose Posted from: Alberta
fraud
If an individual filed bankruptcy to avoid garnishee per pay period by Revenue Canada for 9 years of unfiled tax returns, lied and increased their expenses, lied about their creditors and the amounts owed even making some of them up (personal loans), neglected to include real creditors on the list of creditors, changed their first […]
revenue canada and bankruptcy
If, as a US citizen, although living for 45 and working in Canada for 30 years, I left and afterwards discovered that due to a divorce settlement, it was determined I owed taxes in Canada in 2003, can I declare bankruptcy on those taxes? Posted from: Saskatchewan
personal loans from family
I have borrowed funds from my common law spouse. If I declare bancruptcy will she be allowed to write off these loans? Posted from: Ontario
Opening a new bank account
The site states that, `Since none of your old creditors knows where your account is, they won’t be able to take money from your account accidentally.` I have my house insurance, loan and mortgage all at the same bank. If my loan will be taken care of during the bankruptcy, and I set up pre-approved […]
troubled
what happens is i`m only paying 2hundred in rent for living by a friend.. are they effected in my bankruptcy? Posted from: Alberta
CRA and new rule
According to the new rule that if you have tax debts of more than $200,000, and they represent more than 75% of your total debt, you are not eligible for an automatic discharge; a court hearing will be required to end your bankruptcy. My questions is the $ 200,000 is only the tax portion I […]