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Q&A: Answers to Questions

Most Recent ‘Q&A’ Posts

non compliance

What happens if a bankrupt has consistantly not fulfilled the duties of a bankrupt Posted from: British Columbia

life insurance

how will bankruptcy effect my life insurance Posted from: Ontario

bankruptcy and the impact on assets

My credit card dept is 60,000 dollars. Plus I have a mortage on my home of 300,000. I am not making enough money at this time and have not for a while. I own a lot worth 30,000. Will they take this from me. I owe my son 40,000 . I was going to sell […]

employment and bankruptcy

Hello, I presently have been working at the same place for 6 years. If I do decide to file for Bankruptcy, can that affect my job in any way? Thank you Posted from: Quebec

Home Apprasisal

When I filed for Bankruptcy in February of this year. I was asked to get a value of my home by either an Home apprasial or a Real Estate Agents letter indicating the Value. I decided to go with the Real Estate Agents letter(which was free), the Value came in at $320,000. The letter was […]

Business and Personal Bankruptcy – Are both needed?

I own a business which is setup as a corporation. The business is not doing well and as such has caused me to personally accumulate a lot of debt. If I wanted to declare bankruptcy would I need to do it for both the business and myself or could I just do a personal bankruptcy […]

bankruptcy and new property

I may have to declare bankruptcy but I need to find a place to live beforehand. What would happen if my Mom and I bought a property jointly, but I would pay the mortgage? How would bankruptcy (if I do declare) or a consumer proposal affect that? Posted from: Ontario

Surplus income

When calculating surplus income, do I need to include my 22 yr old daughter`s fluctuating income? She pays no rent at home, nor has she ever. Posted from: Ontario

Boarder

I have a person who boards with me (pays for room) do I have to include their personal income on my application Posted from: Ontario

Common Law Partner Income

If I go Bankrupt does the source of my common law partner come into play, if i am the only one going backrupt? Posted from: Ontario

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