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Most Recent ‘Q&A’ Posts

Bankruptcy Work for Bank

My boyfriend is planing to claim bankruptcy. I am an employee of the bank in which we have a joint account and line of credit. Would that effect me and my empoyment with my banking institution……if i pay of the line and close our joint accaunt, would that change the situation , after that fact […]

The Bank wants to cancel my mortgage and sell my house. What can I do?

I was 10 days late in monthly mortgage payment and I owe 2013 property taxes. Now the bank wants to cancel my mortgage and sell my house. What can I do? As I am now able to pay back the property taxes and I have no problem in continuing paying my mortgage monthly in full. […]

What is treated as surplus income?

The questions that I have are: Is the set amount for a single claimant still $1870 What can be claimed on a budget If your budget amount per month is less than the $1870 is the amount less than $1870 treated as surplus income Posted from: Alberta

How do I calculate my surplus income?

Is the only deduction allowed to calculate any surplus income the income tax deductions that comes off my earning? Are the amounts for C.P.P. and E.I. also taken off when considering any surplus income? Also, I have medical insurance (started as Blue Cross many years ago) that is automatically withdrawn from my account….would that premium […]

How is surplus income calculated?

My partner went into a consumer proposal and I had to declare bankruptcy. I lost my job 4 months later and have no income. Does my partner have to submit his paystubs when calculating surplus income ? If he is in a proposal agreement and I have no income how is this calculated? Posted from: […]

Can I Buy a Car During Bankruptcy?

Bankruptcy a buying a car – My husband and I are looking into filing for bankruptcy. We currently have no assets other than our car, but there is a loan attached and the payments are quite expensive and would probably need to be included in the bankruptcy. Is there a way where we would be allowed […]

Regie des Rentes & Bankruptcy (faillite)

Hi my name is Kathy I have not worked for two years due to health problems I have been receiving 80% of my salary from my employer ( salary insurance ) I HAVE BEEN DECLARED BY THE QUEBEC GOVERNEMENT as total disabled which I am and I am receiving 850.00 a month from the regie […]

CCTB / UCCB and Bankruptcy

I just got a letter from Canadian government saying now I owe back significant amount of CCTB and UCCB.  I am not able to make those payments as I do not work and I have a lot of debt and thinking of beginning bankruptcy procedure. I also have a student loans to pay back and […]

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