Q&A: Answers to Questions

Most Recent ‘Q&A’ Posts

do you have to be in collections

Hello,I have been paying my debts for years tried not to get behind leaving pay check to pay check going without everything,I don`t seem to be getting anywhere the bank won`t help the credit cards and the loan have very high interest rates. I went to see about orderly payment of debt and they said […]

Banking Info

Does the trustee have access to my banking information If I have not given permission Posted from: Alberta

In bankruptcy Do I Have to return Boat and Trailer if I can afford payments?

Im thinking about going bankrupt. I was without a job for a while and accumulated or 40k in credit card debt. I can no longer afford the credit card payments , but I have a boat and trailer that are financed through a local credit union. I am wondering, if I go bankrupt, will I […]

2nd bankruptcy involving CRA

I have been bankrupt once, mostly for CRA debt. Stupidly I have racked up another $40,000 in CRA debt. Can I declare bankruptcy on CRA debt more than once? How long do I have to wait between bankruptcies? Posted from: British Columbia

child support and bankruptcy

I am going to claim bankruptcy. Do the child support payments I receive from my ex count as income? and if so, why does it not effect is bankruptcy claim? Posted from: Ontario

Bankrupting a limited company

What happens to my husband`s personal credit if he bankrupt`s his limited compnay? He is 100% shareholder in this company. Posted from: Alberta

previous bankruptcy and eligiblity to file again

can you refile for bankruptcy if you were not discharged from a previous one and the creditours are asking for money-taxes Posted from: Ontario

Permanent residence

Can we file for Bankruptcy if we are not permanent residents? We have been living in Canada for 10 years but we have to wait until 2012 for our case to be review from Immigration we have 5 kids 4 of them Canadians and we are really strugling with lots of debts rigth now. Thanks […]

Taking on Spouse Debts prior to filing a bankruptcy

I want to take on my spouses debt when i declare bankruptcy. So he doesn`t have to. Can I do that? Posted from: Ontario

in bankruptcy and want to switch to a consumer proposal

if you are already bankrupt, and your financial situation changed for the better, can you switch to consumer proposal? Posted from: Ontario

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