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I was wondering how often a debt/debts to creditors are contested during the bankruptcy process? I see that it can happen during a consumer proposal since their is a vote, but how does this work during bankruptcy? For example, if I lost everything I own due to a failing business and the majority of my […]
I know that RRSP investments are exempt except for amounts invested in the year prior to the bankruptcy. Do you disclose all your investments to the trustee at the time of filing? Does the trustee contact the financial institution to have any eligible investment sent to them for distribution to the creditors? Is it necessary […]
I am looking at my debt to see what may be included if I decide to declare bankruptcy. I have an amount owing that was a court order for costs payable to my ex in family court. Could this amount be included in the process and my ex considered a debtor? Posted from: Ontario
Will no longer make mtg payments. Mtg is larger than value of home and due to split we are on the hook for outstanding value which is quite large (penalties etc). I am paying half the bills when I am no longer living there. Money out the window. My question is how long do we […]
Selling home due to breakup and not enough equity to cover all the costs. Will need to come up with $30,000 to cover the mtg penalty, real estate fees etc. That is $15,000 each. Looking at cost to file and perhaps some suprlus repayment, not to mention a bad credit rating is it worth it […]
A Split. Mtg higher than house value due to re-finance with same bank. Penalty to discharge is $20K. Will try & negotiate with bank to waive penalty & pay back mortgage in full at our cost. If not, loss to bank approx. $20k to sell. I know they can sue us for difference. If we […]
Can the trustee force a sale of joint property where the non bankrupt spouse does not wish to sell Posted from: British Columbia
Hello, Is it an option to pay extra taxes (on self-employed income) to reduce our surplus income so that we are not over the allowable income and do not have to stay in bankrutpcy for an additional 12 months? Thank you. Posted from: Alberta
Can you discharge money owing to Ontario works through a bankruptcy? or can it be included in a consumer proposal? Posted from: Ontario
chrysler canada is sueing me, I returned my lease vehicle 18 months before the lease ended . would I be able to include this debt in a bankruptcy Posted from: Ontario
