surplus question
Hello, I am married and own a house, the house is only in my name. If I file for bankruptcy do they count my wife income as a surplus? she has her own debts and i have my own. thank you Posted from: Ontario
Q&A: Answers to Questions
Most Recent ‘Q&A’ Posts
Pre-proposal or bankruptcy spending
I`ve been reading here for a bit, trying to sort out what I`m going to do with my situation. I have about 60K in unsecured debt on credit lines. At this time, I`m not behind on payments, but I`m just getting nowhere with them. The main cause for my problems has been loss of work […]
Persons living in household
We house an international student. We are paid $700 per month. We pay for his food and all others costs incurred by his living with us. My question is, since the bankruptcy will take 1/2 of this income, can we count him as a family member so our guideline income amount can be higher? ex […]
Cosigning for someone who went bankrupt
I cosigned a line of credit for a family member who just declared bankruptcy. Am I able to let the debt go through bankruptcy? Will this put a mark on my credit history and if so for how long? Posted from: Nova Scotia
House
What happens if I live in my parents rented house and have to file bankruptcy? Was paying rent until a few months as they were helping me out. Now it`s gotten tough and have to file bankruptcy. They live in there own house and I live in one of there other properties. Posted from: British […]
vehicle
I have done bankruptcy before several years ago, and now again my only option. My question, I do lose my car when I go into bankruptcy. Is there anyway around that. As my ability to stand or walk a long distance, I have to have the car. What other options do I have. Posted from: […]
House Question
I would like to know if I file bankruptcy documents and include my house (which has two mortgages and owe more than what the house could sell for) in the proceedings, how long do i have to leave my present home. It has been suggested to me to rent a home after papers filed but […]
Trustee opposing my Bankruptcy
Hi, I have filled for the bankruptcy and now I came to know that my trustee is opposing it and the reason he has given is 1) Continued to trade while knowing himself to be insolvent 2) The assets of the banrupt are not of a value equal to fifty cents on the dollar on […]
Bankruptcy and court orders
I have been ordered by the courts to pay substantial amounts due to the breakdown of a common law relationship and due to a traffic accident. I also own arrears on my income and property taxes. All these matters have been registered on title to my home and one of the creditors has started foreclosure […]
personal bankruptcy
can some one who owns shares in a company declare personal bankruptcy Posted from: Alberta