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Most Recent ‘Q&A’ Posts

me and my money

I live of 600.00 per month and still get garished 50% for child support but my youngest is 17 and my oldest is 24. If I declare bankruptcy will they still garish my income Posted from: Ontario

Bankruptcy and RESP

I`am a self employed businessperson planning to file for bankruptcy. I have few assets the biggest being the RESP that I had kept for my 14 year old daughter. The plan has been in existence for 10 years. My total contributions amount to 11000 dollars. The plan has about 27000 dollars due to good investment […]

second time bankrupt

What if your a second time bankrupt and it`s been over 10 years since the automatic discharge? Do you still need to bring the final statement and receipts and disbursements? Thanks Posted from: Ontario

Making payments on co-signed credit

I am considering bankruptcy and have a old co-signed student line of credit from my parents along with other debts. If I file, I know they will be held responsible for the debt but I do not want this and I also do not want them find out about my bankruptcy. Is there any solution […]

Going to Court

What do you need to prepare for your court date in 2nd time bankruptcy? Posted from: Ontario

Credit Counselling vs. Consumer Proposal

We are looking at the option of credit counselling for our debt problems. With our unsecured debt of approximately $40,000 we feel that is the repayment amount we can afford, about $660 per month. If we went the consumer proposal route our payment would be alot less and much more comfortable, about $200 per month. […]

Bankruptcy

Re: What happens to my income tax refunds, do they go towards the payment of fees? Gst cheques, do they do the same? Posted from: Alberta

Personal Assetts

I have a guitar amplifier valued at over $1000 that I need for paying band gigs. Because it is a tool that can provide income for me, would it still be taken away upon bankruptcy? Posted from: British Columbia

property tax and car insurance

Hello, I just wanna thank you guys for answering our questions on here, we really appreciate it. I have 2 questions. my mortgage company pay my taxes, and i am forclosing on my house, and i am going to file for bankruptcy as soon as the forclosure process is done, am i responsible to pay […]

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