Superannuation and bankruptcy
If I retire and collect superannuation and i go into bankruptcy a year later is it considered assets Posted from: British Columbia
Q&A: Answers to Questions
Most Recent ‘Q&A’ Posts
should I go bankrupt
our situation is: I was in a car accident over 4 years ago and have not settled. I have been told I am disable and unable to work. My husband is self employed in a trade. Last year everything slowed down and fell behind and not able to get caught up. We lost our lease […]
Help with Bankruptcy Question
My company has not filed returns for the past 3 years and has no income to pay the accountant to file as of march 31,2009 my company closed. I had to continually pay bank service charges for at least 6 months of $300.00 a month while they calculated my outstanind Gst and I had to […]
newly married and bankruptcy
i`m newly married and my husband has old debts that we can`t seem to get under hand if he applies do i have to too because we are married? Posted from: British Columbia
unemployed
How does trustee payment work if individual has no income. Posted from: Ontario
defaulting on car loan
I can`t afford to make my payments. If i default for a month or two what will the bank do? If they can reposess the car if i file bankruptcy do i get to keep the car the value left owing is under 5k. Posted from: Ontario
Are loans from friends income?
I have the good fortune to have a few friends who will loan me money for rent and expenses through BK, with payments and interest to begin 1 year after I get out of Bk. Assuming that we write up appropriate promissory notes (should we notarize them?), would those borrowed monies be considered income or […]
Foreclosure & shortfall
My home is about to be foreclosed on as I have been unable to sell it and can no longer pay the mortgage. Once it is foreclosed on and CMHC comes after me for the shortfall would the debt then be considered an unsecured debt and give me the option for partial bancruptcy through a […]
If I move in with my girlfriend then declare bankruptcy is she liable in any way?
I have debt that needs to be resolved through bankruptcy. My girlfriend owns a house, vehicle etc. If I move in with her prior to filing for bankruptcy is she at all held liable in any way? She had a bankruptcy 7 years ago and has rebuilt her credit, don`t want to jeopardize what she […]
Receiving Severance while in Bankruptcy
I am expecting a severance from my previous employer (I am recently retired) any day now and I am currently in the middle of a bankruptcy. The severance will be in excess of $10,000. I also am on a pension which puts me right at the surplus income threshold. I have heard this severance will […]