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Most Recent ‘Q&A’ Posts

GST Credit During Bankruptcy

I filed for 3 years of income tax 06-08 all at once before I went bankrupt July 09. I am in bankruptcy now $140 a month till may 10. I checked my canada revenue agency site it said a check for 1302 was issued to trustee i understand that. Will that 1302 be used towards […]

I have a lot of questions

I am thinking of filing for bankruptcy but I would like to know – What happens with my taxes? If I file for bankruptcy in January of 2010, and get a refund, does that get kept by the trustee? Also – what if I end up owing taxes? Do I still pay if I`ve filed […]

Bankruptcy of a corporation

I have a question around bankruptcy of a business where the principal directory and 100% shareholder has died. How should I go about closing this business and what happens if he has given a personal guarantee on company loan? He gave a guarantee on his house which is no longer under his name (it has […]

Municpal House Taxes

I owe $5,000 in municipal and school taxes for my house. Can I onclude these debts in a bankruptcy or are they `secured?` js Posted from: Quebec

School Costs

For starters I`ll lay out my circumstances. I owe an Ontario University around $15,000 for one year of schooling because of a student loan that failed to come through for me. The school will not let me re-apply until I have pay off my debt, thus I am not elidgable for any Ontario Student Assistance. […]

going on vacation

hello, i am just wondering if i am fullfilling all my bankruptcy duties, would they make a big deal if i take a vacation and go somewhere nice for a week. Posted from: Ontario

Which way to go?

We currently owe approximately $37,000.00 to unsecured debt (credit card/line of credit consolidation), I was wondering if debt settlement would be the right route for us to take? We are currently having difficulties making monthly payments (when all bills paid no money for food). I left my job because I wasn`t being paid and have […]

purchase of a vec bc

purchased a truck/explained to company that we could not longer pay amount,arranged payment through post dated cheq/he accepted cheques,payment was 852.00 monthly/changed to 500.00 month/put che through early/nsf/baniff took vec that night,explained that the che was dated dec 9/ not dec 1, when che went through,took vec,what am I responible for ? thnak you Posted […]

unemployed, living on savings

Hi there. I am unemployed and living on savings (looking for work and attending school). I am living on my savings, but am running out. How much money can I have (and keep) when I go bankrupt? Posted from: British Columbia

ccw

I have a good job. my husband is unemployed and owes back taxes. we own a house together. Can he declare bankruptcy on his own Posted from: Ontario

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