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Most Recent ‘Q&A’ Posts

Bankruptcy

Can I transfer my consumer proposal into bankruptcy Posted from: Ontario

Bankruptcy and incorporating a business

I am considering bankruptcy. I have a small business (partnership) and there is someone that is interested in going into business with us, but we would have to incorporate the business. Can this be doing during bankrupty? If no, is there a certain length of time once you are discharged from a bankruptcy before you […]

Leased vehicle

If I file bankruptcy will I be able to keep my leased 2010 vehicle? I got it in December `09 and have been making payments for the past 5 months. Posted from: Alberta

separation and debt repayment

My spouse and I are separating. We have approx. 65,000.00 in joint debt and a house with a mortgage of 180,000.00. It is our only asset. He would like for me to keep the house and the kids. His take home pay is $3600 a month and mine is $2600 a month. What is the […]

mesto

I declared bankruptcy 2 years ago. At the time I was laid off and was told I had to pay $390. per month fees. I informed them that I couldn`t afford that. Since then our company has left the city and my unemployment has run out. I was to go to the bankruptcy court in […]

Bankrupcy

I have been out of work for 15 months…i have been sick (in/out) of hosptal since nov (6 times-48 days) and am awaiting surgery on my pancreas. If i declare bankrupcy….(i had been paying off a proposal for 18 months but cannot maintain it any longer) will my tax dept be included? Someone told me […]

Vehicle

Would I be able to keep my 2005 vehicle, which I owe approximately $14 000 on, if I claim bankruptcy? Posted from: Alberta

family bank accounts

In a CP or bankruptcy, one of my creditors would be a line of credit at a certain bank. However my teenaged son has a bank account and GIC`s in his name at the same bank . Can my creditor try and claim those funds? There is info on those accounts that has me listed […]

Completing Taxes

Do I have to complete and bring my taxes up to date for all tax years excluding present, while in bankruptcy? Can I still get a discharge if I fail to complete and file my taxes? Posted from: Ontario

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