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My husband and I are separated. He is declaring bankruptcy for a second time. He is paying me $500/mo child support (plus 1/2 of any major child related expenses). Is this an allowable deduction over and above what he is allowed to keep every month? For example if the statutory amount he can keep per […]
I have been told that it is best to claim bankruptcy after you return to work from a lengthy loss of income. What are the pros and cons of this? Posted from: Ontario
I am currently a university student with a scholarship of $6400 that needs to pay my tuition. I also have a take home pay as a research assistant of $700/month. Since I do not have to declare my scholarship as income on my tax return, do I have to declare it as income (resulting in […]
My husband and I are 3 months behind on our car payment and credit card debt, we have 2 school age children. Both of our monthly income got cut in half, and since then it has been downhill, now it is impossible to make the payments and buy groceries. The credit cards and Vehicle are […]
Hello, I had started off with a consumer proposal but wasn`t able to maintain it after losing my job. I`ve been hugely delinquent since 2008 and haven`t actually lived in Canada since that time either but I need to file for bankruptcy now as it`s out of control. Is it possible for me to file […]
I co signed for a student line of credit for a person a few years ago, now this person has gone into personal bankruptcy with a Licensed Insolvency Trustee.My question is after this person is finished with bankruptcy is there any leagal avenue I can persue to recover my money Posted from: Newfoundland and Labrador
What`s the best choice here? Alright lets level…I`m 37, and recently I have disovered why i can`t move ahead in life, basically there`s 4 of me (8y/o, 13y/o, 17 y/o, and the big protector who`s an adult) now the adult ONLY comes out when the other 3 feel damaged. Aside from that, your basically dealing […]
My mother who is 87 years old, still lives in her own house. She has been not able to maintain her home without going into debt. She has been using credit cards to carry on. She owes about 17000.00 credit card debt and has an income of 1500.00 per month. With the household bills as […]
I currently have a hefty monthly payment on a car which i am claiming bankruptcy on. I believe ontario allows for approximately 5600 in car allowance under bankruptcy. My parents are planning to buy me a car under this value so i can commute to work since i need one to be employed. How will […]
My wife and I have signed a separation agreement but she has not yet filed the divorce papers. In the separation agreemtn she agreed to be responsible to pay the lease penalties on our vehicle, which are likely to be substantial. She is now indicating that she will declare bankruptcy. Since I could not remove […]
