Connecting You with Trusted Licensed Insolvency Trustees – We’re Here to Guide, Not Decide. Learn More

Free Consultation

Q&A: Answers to Questions

Most Recent ‘Q&A’ Posts

just want them to be fair

I acumulated alot of debt as the economy tanked so did my business. I have since moved to a new job. 1 of my credit cards went to collections and the rest of the credit cards are closed but still with the credit card companies and up to date on minimum payments and they are […]

bankruptcy

I may be facing bankruptcy over a $35,000 credit card debt and I would have a surplus income payment of about $600 a month. If, at some point, during the 21 months I receive an inheritance from the will of my sole (elderly) parent, estimated at around $80,000, will I have to surrender $40,000 of […]

christmas bonus

Do I report my christmas bonus as income during bankruptcy, if yes, could I keep it if I get it put directly into an rrsp by my work? Posted from: Nova Scotia

Personal loan with house furnishings as collateral

I owe $15,000 from Citifinancial with my house furnishings as collateral (TV, sofa, beds, and a car that has been sold). I don`t live in my house now as I have separed from my husband. My husband is buying me out of our house, and is being finalized. He is keeping everything in the house […]

RRSP

I am going to file bankruptcy soon. I don`t have any RRSP`s until now but if I start contributing to RRSP while in bankruptcy will that amount also be seized by the trustee? Thanks. Posted from: Ontario

income tax

if I file for bankruptcy in November 2009, i must submit my income tax return for that year to the bankruptcy. Since I will be in Bankruptcy for 21 months, am i also obligated to turn over my 2010 income tax return? Posted from: British Columbia

Martin

Can a sibling give over to their other siblings their share of jointly owned (inherited) family property in order to file for personal bankruptcy? (Failure to file would likely result in forcing the siblings to lose the family property in order for the one to liquidate their assets, as it is their only real asset. […]

Shared Bank Account

I have a Shared account with my common law boyfriend will this affect that account??? will he need his paycheck to be deposited into a new account?? Posted from: Nova Scotia

ex helping with child costs

My ex and I made a verbal agreement that he would help pay for some of the kids costs after we separated. He will send me money to help pay for daycare and sports etc. usually monthly when it`s needed. Do I need to claim that when filing? He just transfers money to my bank […]

Resposibility of the bankrupt

What are the bankrupts` responsibility (meetings, contact calls, etc)? Can I continue to operate my sole proprietor business during bankruptcy? What about after bankruptcy? Inconsistent income leaving me up to 90 days without income (if I`m allowed to continue running my business), how does this affect the bankruptcy? Posted from: Ontario

Previous Page
1 ... 139 140 141 142 143 ... 488
Next Page