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Most Recent ‘Q&A’ Posts

Will the student loan be included in the bankruptcy

I will declare bankruptcy in March 2010 and it will be seven years in September 2010 since I last attended the education on student loan. Will the student loan be included in the bankruptcy? Posted from: British Columbia

Family took out mortgage to help

What happens if someone declares bankruptcy (lets say Jane) due to CRA debt and personal mortgage debt (over $550k). Jane has also been paying, for the past few years, for a mortgage that was taken out by her family. Family took out mortgage, several years ago, under their own names to help Jane. Verbal agreement […]

Can my spouse claim bankruptcy just to avoid paying support?

My spouse recently walked out on our family and has said that he is going to claim bankruptcy and quit his job so he doesnt have to pay child support or alimony. I know he will continue to work for a family member but I believe he will be paid under the table. Can he […]

discharge and inheritance

So what if you have received your discharge and then get an inheritance? Is that money subject to be touched by debtors etc.? Posted from: Ontario

Withdrawing A Proposal and filing for Bankruptcy

I just signed a consumer proposal about a week ago (i.e just got a file numer and creditors are being notified) but now it appears my wife`s work is being cut back drastically(she has worked one day in the past two weeks) .I now feel that I may not be able to fulfill the terms […]

Is bankruptcy right for me?

How do you know if bankruptcy is right for you? I never intended not to pay everything that I owe, I am just finding it impossible to do. I have made the mistakes and have every intention of paying those mistakes, but I am getting tired of the constant phone calls and now I am […]

can you plan a bankrupcy

if you have no choice but to claim because you owe the cra over 200.000 can you sell the house.and go on trips to clear bank assets,then plan to remove other assets from the business and have someone take the other assets after the claim has been filed with the trustee. if this is done […]

Bankruptcy and house

I have two loans, and credit cards costing me up to $1200/mnth. I also have a mortgage payment that i`m keeping up to date. Will i lose my house if i file for bankruptcy???? Posted from: Ontario

credit cards and welfare

I jus have 20000 debt and on welfare. And the future is pretty bleak as well. What course of action should i take Posted from: Ontario

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