Q&A: Answers to Questions

Most Recent ‘Q&A’ Posts

Inheritance during bankruptcy

My father has died during my bankruptcy, and has left everything to me in his will. What happens to all his possessions? Do they sell everything of his and then pay off all the creditors? Do they go into his home and tak everything? He lived alone and I`m not sure what to do with […]

Do I have to give up being a director in a non-profit?

With a job loss and some mounting credit card debt I am considering whether I may have to declare personal bankruptcy. I understand if I do declare bankruptcy I cannot be a director of a company. I am on the board of directors of a community-based not-for-profit group. Would I have to resign from this […]

Revenue Canada while I`m a student

Hi! I`m a 30 y/o student. Some years ago, I was a self-employed drywaller and decided to go back to school to further my education. Because I was self-employed, I didn`t pay taxes off my payroll and they had to be paid at the end of the year. The first year I went back to […]

own property in another country

I have a follow-up question…if bankruptcy is declared in Canada, but you own property in another country and have Homestead protection on said real estate will only assets that can be liquidated in Canada (e.g., small business) be affected in order to benefit Canadian creditors? Thanks Posted from: Ontario

IF I SOLD PROPERTY A YEAR AND THREE MONTHS AGO WILL I HAVE TO ACCOUNT FOR MONIES SPENT

IF I SOLD PROPERTY A YEAR AND THREE MONTHS AGO WILL I HAVE TO ACCOUNT FOR MONIES SPENT Posted from: British Columbia

what documents are needed

If i make an appointment to talk to an agent, what documents are needed to start this process. I would like to be prepared ahead. Posted from: Ontario

Savings Bond & RRSP during bankruptcy

I filed for bankruptcy this month. I didn`t have any RRSPs or a Cdn Savings Bond. I now want to start contributing towards an RRSP to pay back the money I took out of RRSPs a few years ago as a first-time home buyer … can I do that? Also, I want to start saving […]

Debt in Alberta moving to BC

My debt is all from Alberta due i have to go bankrupt in Alberta or can I do it in BC. Thankyou Posted from: Alberta

will my bankrupcy affect mt spouce?

I am currently living common law with my boyfriend. we have been living together for 7 monthes now. If I file for bankrupcy will it affect his credit? Posted from: Alberta

separation and bankruptcy

i am not legally separated from my wife, but we are seperated, we don`t live together, but we are still friends, so we see each other from time to time. do i have to disclose her income since we are not legally seperated? Posted from: Ontario

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