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Most Recent ‘Q&A’ Posts

Can a vehicle be repossessed for support payments?

My son-in-law filed bankruptcy in 2012. . In 2014 he recieved a new vehicle from his employer. He owes over 20,000 in family support, He has to go to court because he lied to the Trustees about family support and other things. Why is his vehicle not being repossessed to pay his family support since […]

Family maintenance takes all my Dad’s income

My dad is currently in a situation where no matter how much he works family maintenance takes all of his money and leaves him nothing to live on. I believe he owes something like 500,000 in child support. Is he eligible? Posted from: British Columbia

Can I declare bankruptcy for my previous business?

Hi; We are considering the option of bankruptcy and I have read through your website but have two questions I was hoping that you could answer… First; most of the monies owed are for taxes from a business I had that was not incorporate yet ceased operation in 1994 and have since started another company […]

Will my lump sum from severance pay affect my bankruptcy?

Good afternoon: I am almost through the bankruptcy process…6 months left out of 21. Everything is going along fine and yesterday I get the news that the business I have worked at for 10 years is closing and I will receive severance pay. How drastically will receiving this lump sum affect my payments? Will this […]

Can I include my old student loan?

I stopped going to school in June of 1998 on student loan. Then in February 2009 I went back to school on a re-training grant and did not take a student loan am I able to go bankrupt or do a consumer proposal for the student loan from 1998? Posted from: Alberta

Will bankruptcy take my vehicles and furniture?

My husband is declaring business and personal bankruptcy. In the personal will they take vehicles or furniture etc. That is in my name not his. And we have 8 children so what is the allowable amount each month. Thanks Posted from: Alberta

Mortgage on home prior to bankruptcy?

If I get my mother to put a mortgage on my home just prior to claiming bankruptcy so that I don’t have any equity in my home in order to keep it. Is that ok? Posted from: Ontario

Bankruptcy or Debt Consolidation in Alberta

Bankruptcy or Debt Consolidation in Alberta? – If one owes about $27,000 all credit card debt and the only income is old age security. It is impossible to clear the credit card debt on this income and still live. The only significant asset is a 2008 vehicle. Would it be better for this person to […]

Retirement and Bankruptcy – What are my options?

Retirement and Bankruptcy – I had to retire early due to my health and now am going to have trouble paying my debt of 17 thousand dollars in credit card debt. what is my best option . Lost and scared Posted from: Ontario

Division of Marital Property in Bankruptcy

Division of Marital Property in Bankruptcy – If my ex claims bankruptcy but there is an order of the court to pay me costs of 20,000 to be offset by me not paying child support. Does that get effected by her bankruptcy? Posted from: Ontario

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