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Most Recent ‘Q&A’ Posts

fraud

my exhusband moved out unexpectedly to live with another woman. He stopped contributing to our household and I was granted an interim order to support household expenses until it sold, which he did not pay. He refused an offer in Dec. 08 that would have led to a shortfall of 5000$, no commission. In Jan […]

GST PST DEBT

Bought a franchise which, with penalties and interest, has now left me owing $400k and counting. This is about $50k more than what I can get for the business. Still owe $60k on a guaranteed loan. Is bankruptcy an option? Posted from: Ontario

CPP & bankruptcy

My children receive a CPP benefit due to their father`s disability. Would this be considered income in a bankruptcy? Posted from: Ontario

Personal bankruptcy & owning own company

I am planning on claiming personal bankruptcy because I owe back alimony to my ex-wife and had an agreement to pay her until she`s 65 which is nine more years, and I also own my own company, will I have to pay her any back alimony, and will It mean that i will not have […]

statute of limitation on unsecured debts

you mention several times that you “typically find with debt collection is that there are very simple actions a creditor can take to preserve their protection rights. Most creditors are quite savvy and very familiar with these laws. As a result very rarely do we find that someone can rely on the Statute of Limitations.“ […]

Income tax returns and bankruptcy

my husband owes approx. $13,000 in credit card debt…after my Husband files bankruptcy will the trustee seize all his tax returns until debt is paid? or just the first year?? Posted from: Ontario

Bankrupt and Pregnant

My husband and I are filing bankruptcy for the 1st time and we`re going to have surplus income. We recently found out that we`re expecting our 2nd child. This is going to cause us to not have any surplus income. Does this mean that we will get discharged early or are we still in for […]

Banker has owings with his own bank

Hi, I am a banker and the majority of my debt comes from the bank that I worked for, I wonder if i could be dismissed by my company withe the debt settlement, or consumer proposal plan. thanks. Posted from: British Columbia

statute of limitations

I just received a treat for legal action against a credit card debt more than 9 years old with out any payments for aprox. 7 years. With the statute of 2 years on credit card debt, can they take legal acton against me? I am unaware of any judgement agaist me to extend it to […]

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