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Most Recent ‘Q&A’ Posts

bankrupsy and car

I pay my car payments on time will I lose it if i go to credit debt or file bankrupsty on all my debts. Posted from: Ontario

GST

We were incorporated and are no longer in business. The main shareholder became ill with cancer and was unable to do any work (the main person). The remaining shareholder (estimator / office guy) could not do the work we lost all businees and employee`s We owe GST 30,000 dollars and are no longer financially able […]

truck leasee

I lease a truck (commercial 5 ton) and due to injury I haven`t been able to drive it or make payments for 3 months. Can I go bankrupt as an owner/operator small business seperate from all of my other personal debts or do I have to go fully bankrupt to deal with the truck issue. […]

How old before you can file?

How old do you have to be before you can claim bankruptcy? There is a $14,000 settlement against me and I`am 17 years old. The judgement is in place for 20 years. Can I file for bankruptcy? Posted from: Nova Scotia

Ex filing bankruptcy, leaving me with the bill

I have been separated for 8 months, no signed agreementt but we are almost there. We divided the debt and I could not pay all of mine so I borrowed $29,000 from my parents to pay my part. Now I, owe them, a $5000 credit line, $1300 mastercard and my car. I found out now […]

keeping some cash for living

my husband and i will need to file for bankruptcy as we can not keep up with payments any more. how much cash are we allowed to keep in order to help pay for living allowances? Posted from: Ontario

government

I owe the government. If I file for bankruptcy does that also take effect or do I still have to pay this? Posted from: British Columbia

Surplus Income

I recently attended an intial assessment consultation with a local trustee (Halifax, NS) and was told that because I have a surplus income ($1125 biweekly net income) I would be required to stay in bankruptcy 21 months even under the current norms in the industry (before the new upcoming changes). Is this in fact the […]

Secured Debts

If I include my house in my bankruptcy and it produces a huge shortfall on the resale to pay off the mortgage, will I be sued for the difference by the bank? Posted from: Alberta

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