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Most Recent ‘Q&A’ Posts

Complaint against a trustee

During the proceedings of my bankruptcy, which is still ongoing, my trustee discharged themselves as my trustee for not filing one piece of paper and not paying $50 of my fee. They did NOT send me a letter saying they were going to court to discharge themselves, listing the reasons. This cost me an additional […]

Scholarship income

I received a $10 000 fellowship for a university program prior to declaring bankruptcy that is paid in 3 installments, two of which occur during the bankruptcy. Are these subsequent installments counted as monthly income subject to surplus, or as a pre-bankruptcy income entitlement. My non-fellowship income is below the superintendents standard Posted from: Ontario

writ of seizure and sale HELP!

I received a letter that states a writ of seizure and sale to our home. our house is conditionally sold but we own the property with 2 other parties. will this letter complicate the sale even if i try to make payment arrangements? I owe $20k for gst to the government; I believe that some […]

Foreclosure Forever?

I am facing the serious possibility of foreclosure (partner ran off, can`t afford the place on my own, mortgage company won`t deal, and i`m underwater on the mortgage as it is). I`ve been advised that a `foreclosure` is not limited to 6 or 7 years on ones credit report — and would like to know […]

bankrupt

We are in our final stages of bankruptcy…..we were given `notice of intended opposition to discharge of bankrupt` So what does this mean? Posted from: Northwest Territories

Motorcycle worth lest than $1000.00

I`m considering bankruptcy, and i have a motorcycle that is worth about $1000.00 if i sell it. I don`t owe any money on it, well i have to sell it or can I keep it? Posted from: Ontario

my mom and her her debt

so my mom is a widow and is on odsp and owns her home…but constantly uses creditcards to pay her utilities of the home. there is no mortgage on the home. so if she declares bankruptcy would she lose her house? she has no other assets Posted from: Ontario

Surplus income

I have not been able to work for the last year and my husband has been carrying the load, which has forced us to consider bankruptcy. He is a self contractor and is not getting any work right now. we have 3 small children. we are thinking about switching. I go to work and he […]

Impact on surplus income

If husband and wife live under the same roof although they are each independent and decide the following owing to financial hardship: Wife decides to declare bankruptcy due to low income and husband decides to go with a consumer proposal due to high income. What will be the impact on the surplus income for the […]

Buying a car during bankruptcy

During bankruptcy, is a person allowed to purchase a vehicle if they pay cash for it and the assessed value is less than $5650? We have searched and searched on the Internet for an answer, but cannot find one. Posted from: Ontario

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