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Most Recent ‘Q&A’ Posts

Q for my credit situation

I presently live in USA. May I still sign for consumer proposal, or file for bankruptcy? Posted from: Ontario

Foreclosure

I have been sued for foreclosure. I understand the shortfall will be insured and that CMHC will require the rest from me. I cannot afford to pay this amount. I do not have other significant debts and assets. I live alone and rent. I have a full time job. Legal advice has suggested that bankruptcy […]

Credit during bankruptcy

If someone is willing to give me credit during bankruptcy, can it be accepted? Posted from: Ontario

2 cars in the family

A family with 2 small children-both adults want to declare bankruptcy. Both working days-both need cars to bring/pu kids to from school,babysitter,also we need cars for job. Can we keep two cars ? Posted from: Ontario

Non-common law partners

What happens if I decide to claim bankruptcy when I live with my boyfriend but we are not common law? We`ve only lived together for 4 or 5 months. Posted from: British Columbia

government fines

do i have to pay government fines after declaring bankruptcy? Posted from: Alberta

RESP`s

If I declare bankruptcy and there is say $20,000 in the Children`s RESP account does the Trustee deduct the whole amount or is the $20,000 reduced by the Government contribution of 20% and any withholding taxes? The fund was over $30,000 prior to the recent banking crisis. Posted from: Ontario

Joint ownership

How are thing in joint ownership affected by one partners Bankruptcy? Posted from: Ontario

connie

I have claimed bankruptcy about 25 years ago. Will it affect a bankruptcy now? Posted from: Ontario

personal bankruptcy

I am thinking of filing for bankruptcy. I only make $10 dollars an hour and I got credit cards to pay in which I am not only behind in my monthly payments but also I believe I won`t be able to repay them. My problem is I own a house. Actually, my wife and daughter […]

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