Q&A: Answers to Questions

Most Recent ‘Q&A’ Posts

Using credit before bankruptcy

Due to recent family changes, I may have no choice but to file for bankruptcy despite having good credit. If I use my credit cards/line of credit to purchase a freezer meat package or to stock up on other food and essential items (e.g. baby formula, diapers, etc) will this cause me problems if/when I […]

car loan and bankruptcy?

I have a car loan that is still in effect and I was wondering, if I declare bankruptcy will my vehicle be returned to the finance company? Posted from: British Columbia

CP refused what is the result

If a Consumer proposal is refused & no counter offer is made by financial institution , am i forced into bankruptcy. Posted from: Quebec

Third Bankruptcy

I have declared bankruptcy two different times over 20 years ago. Will I be able to declare for a third time. Posted from: Alberta

secured loans and bankruptcy

do i have to stop payments for secured loans e.g. car loan, if I have to file bankruptcy. Posted from: Alberta

Is bankruptcy an option for me personally and in my business

I am the sole owner of our family business, we have fallen behind aprox 50,000 in source deductions and 20,000 in personal. We have tried to stay afloat but at this point can not. Is bankruptcy an option for me personally and in my business when 80% of my debts are with the CRA? Posted […]

Inheritance during and after bankruptcy

I filed bankruptcy in 2010 and am partially through the 9 month period. My remaining parent passed away two months after I filed. My only sibling is executor and all decedent`s assets are left jointly to us. Must any estate`s assets be split before my discharge or is that the sole discretion of the executor? […]

cindy

I have a friend who lost her mom. The mom owned a home care business and apparently the year she died taxes were not filed. Her mother also owed revenue canda from previous years. The daughter was the executor of the will and revenue canada is after the daughter to pay her deceased mom`s debts […]

Rent and Damage to rental unit

Hi, I put a stop payment on my last month of rent and I plan to file for bankruptcy shortly. I have now moved out, and the landlord is going after me for unpaid rent and damages to the unit. She has my deposit, but wants more. Can the landlord still get a judgement against […]

conditional discharge

when the conditions on conditional discharge have been met, will the date of absolute discharge be the same as the conditional, or will there be a new date? Also, what about money obtained durring the conditional discharge period. Posted from: Ontario

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