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Most Recent ‘Q&A’ Posts

Life Insurance

What happens if i declare bankruptcy and then recieve a life insurance policy that i am beneficiary for. Posted from: Manitoba

Bankrupty – Personal or Business

If a person is granted a small business loan from a bank and the business subsequently fails, is that person responsible for personal bankruptcy or can a bankruptcy go against the business? If so what is the impact on the person? Posted from: Ontario

car

Under what circumstances are you able to keep your car when you file for bankruptcy. I need mine to travel back & forth to the hospital for medical reasons. Posted from: Newfoundland and Labrador

impact on spouses credit

If your married but the debt is your before marriage and want to go into debt repayment or bankkruptcy do you have to include your spouce..how does it effect spouce if does not have bad credit? Posted from: Alberta

Bank Has default Judgement

We defaulted on our credit cards, line of credit. The bak sued us and won a default judgement. theya re now trying to garnish my husbands wages… can we still file for bancruptcy and have these debts delt with ? Posted from: Ontario

WORRIED SICK

My wife declared bankruptcy about 10 yrs ago and I about 25 yrs ago. Can we do it again, and will we have to make a monthly payment to creditors still? Or can we be absolved of our debt totally? Posted from: Ontario

Seniors & bankruptcy

I Am 68 Years Old. Considering Bankruptcy. Are There Other Alternatives at My Age ? Posted from: Ontario

RESP & bankruptcy

I am considering bankruptcy and need to know if my children`s RESP`s will be taken. Posted from: Alberta

Filing Bankruptcy

My former husband`s business went bankrupt in the early 80`s. Because my name was on the business as well we both had to file bankruptcy, both business and personal. After the discharge I checked my credit record and the bankruptcy was never noted on my file. Due to unfortunate circumstances, I find it necessary to […]

child support

My common law girlfriend is about to go through a bitter child support fight with her ex. if she wins she will be entitled to a possible substantial sum of money. As it would be considered household income would I still be penalized for it? Also would it automatically extend my bankruptcy? amount would be […]

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