Q&A: Answers to Questions

Most Recent ‘Q&A’ Posts

How often do you make surplus payments

If you exceed the threshhold every month, do you make surplus payments every month, 4 times a year, etc??? Can you pay it every month so as not to have a big `bill` to pay before your discharge date? Thanks Posted from: Alberta

Dan

My Father in-law owes a total of 90,000$ cdn through personal loans. There is no way he can repay it, and they set a deadline for him to repay by next June. He have no way of repaying it. He is thinking of filing bankruptcy. Does that help him with the 90,000$ that he owes. […]

Automatic Discharge

Could you please explain what `automatic discharge` means? Thank you very much. Posted from: Ontario

credit cards/personal bankrupcy

How can you tell if ; I have a credit card in my name and my husband has a card on same account. Now he has never signed anything with this company. So, how can I tell if his card is joint or supplementary. The debt does show on his credit report. Posted from: British […]

Child Tax and Income Tax refund

Is child tax included in your monthly income for the surplus? Can they touch that money? Do they take your income tax refund during bankrupcy? Posted from: Ontario

Uncompleted Tax Returns

If I haven`t filed taxes since 2003 and can`t afford an accountant to complete them. Can I file bankruptcy without filing my taxes up to date? Posted from: Ontario

Bankruptcy in Retirement

I am a pensioner in debt with credit cards going through a credit counseling company to pay off these debts. One of the credit card companies have refused to be part of the program. It will take 88 years to pay off this debt at minimum payment. I am 71 years of age! What is […]

Martin Stewart

My common law wife has been claiming single on her income tax for the last two years, unknown to me. We were doing our taxes at different places and I was claiming common-law. She was claiming the kids but put herself as single. She is now having to owe Revenue Canada 12500 dollars. 5000 of […]

What should I do?

I have the following debt? CIBC PLC $52,266.83 CIBC VISA $10,448.20 CIBC Overdraft $ 1200.00 Citibank MC $ 23,800.00 HBC MC $8200.00 I have a total debt of $95,915.03 I currently gross montly income $3201.60. This debt was accumulated by lending $20,000 to family members, unemployment and a move to new province. What would you […]

Single mother and allowable income

How much income is allowed for a single mother? You only state for a single with no dependents or married. Posted from: Ontario

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