Q&A: Answers to Questions

Most Recent ‘Q&A’ Posts

Can you switch a consumer proposal to a bankruptcy?

Can you switch a consumer proposal to a bankruptcy? If I am in a consumer proposal and I feel I need to declare bankruptcy can I have the consumer proposal nullified and declare bankruptcy? At this point I am in neither one, I’m just wondering. thank you Posted from: Ontario

Gifts and Bankruptcy

My father declared bankruptcy (or plans to) and he bought me a car 2 years ago. It is under my name, and is completely payed off. Can it be repossessed? Do you have information about gifts and bankruptcy in general? Posted from: Alberta

Does Bankruptcy nullify owed child support?

Does Bankruptcy nullify owed child support? – My ex husband owes 6 month’s of child support, and is thinking about claiming bankruptcy. In doing so, does it nullify the owed child support? Posted from: Alberta

Tax Free Savings Account & Bankruptcy

I have a tax free savings account. Do I have to report that in bankruptcy? Posted from: Ontario

If I File Bankruptcy Do I Still get to Keep My Child Support Payments?

Bankruptcy & Child Support Payments. I receive Child Support for one child. Would that be exempt from seizure by creditors if I default on credit cards? Thank you. Posted from: British Columbia

My ex husband is going to go bankrupt so he doesn’t have to pay the Spousal support

My ex husband is going to go bankrupt so he doesn’t have to pay the Spousal support he said he would in our divorce agreement , He also has a loan on my car and is including that. What are my options? Can i stop it or is he allowed to do this? Posted from: […]

Is an RESP considered an asset in bankruptcy?

If I claim bankruptcy, is an RESP considered an asset in bankruptcy, and income towards my creditors? Posted from: Ontario

I am considering bankruptcy…do you have any suggestions?

I have been separated for 8 months and have moved out of the family home with our children the day we separated. For that eight months I have been the one paying the mortgage, house insurance and taxes amoungst other things. As i said I am not even living in the home. I have a […]

Does a second card holder have to claim bankruptcy too?

If my husband is the second card holder on my visa does he have to claim bankruptcy too? Posted from: Saskatchewan

Adding a secured debt during bankruptcy

If I go bankrupt (will be my 2nd time) and after i have been in bankruptcy for awhile find I cannot afford my car payment or mortgage (which is exempt as there is zero equity in fact I owe more than it is worth currently) can I then default and add that debt (and the difference […]

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