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Most Recent ‘Q&A’ Posts

Joint or separate filings?

Hello, my wife and I are separating but planning on filing bankruptcy. I was wondering because we will not be in the same household do we have to file separate bankruptcies? Posted from: Ontario

Moving in with new boyfriend

I am thinking about going bankrupt. I am also considering moving in with my new boyfriend. If I do move in with him, would his income or assests be taken into consideration….would it make a differance in my payments or could he loose assests because of me? Posted from: Nova Scotia

jointly owned property and potential proposal

My ex and I are going through a divorce. Both our names are on the title of the house and on the car. I no longer make the mortgage payments but he continues to do so. He does not pay my car payments but I do. Given the amount this divorce has cost me, I […]

Owning a corporation during bankruptcy?

I do contract work for a company, but they wanted me to get incorporated to stay working with them so I didn`t really have a choice. Now that being said, I would just like to know if legally this is ok while in bankruptcy? Thank you. Posted from: Alberta

end of study date

How to determine the end of study date for the purpose of bankruptcy? I received OSAP funding while doing my undergrad until April 2000, when I received my Bsc. A few years later I attended medical school abroad from 2003 until April 2004 but did not receive any OSAP funding during this period. I did […]

Can they take your house if you file bankruptcy?

I unfortunately am looking at bankruptcy as an option. I was told if you remortgage your house at any time they can take your house away. My question is can they take your house if you file bankruptcy? And what if you could still make the payments on the house only? Posted from: Alberta

Surplus Payments Tax Deductible?

Are there any provisions that would allow claiming any portions of surplus income re-payment as tax deductions? Posted from: Ontario

2nd time around

my husband filed for bankrupcy in 2003 due to large tax debt, he has now gotten himself in the same trouble . How hard is it to file a second time and is it the best solution as his debt is over 70,000 and he is a trades man an it would take 3 years […]

Keeping Job after filing for bankruptcy

I work for a bank as sales broker will i loose my job and broker license if i file for bankruptcy because my job requirement when some one apply is R1 credit rating. Does the creditors contact and will tell my bank i am bankrupt R9 rating – i do not have any credit account […]

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