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I have a registered company in Quebec( sole proprioter). The company is still making money, but not enough to handle debt I have accumulated on personal credit cards and taxes.If I were to file for bankruptcy, would I have to include the buisness. or could the buisness still run. Posted from: Quebec
My sister is in trouble…she pays the mortgage and groceries and her spouse pays the untilities, insurances, etc. She has been advised that their water, electricity and telephone will be cut off on Friday…she is in shock…her husband has been laid off in the past and will be laid off again…they cannot get ahead and […]
I want to go to college to begin my degree. 11 years ago I attended a private college and forfietted on my student loans.I can go bankrupt for those loans right now. 1) If I re enroll in school and do not take out new student loans, will the student loan aspect of my bankruptcy […]
My boyfriend may have to claim bankruptcy due to a business his father convinced him to start when he was 19. With little knowledge about how to run the business, he basically let his father make all decisions and my boyfriend was the one to sign the cheques going out. (His father told him he […]
If someone who lives in Canada has real estate in the US that goes into foreclosure, and they are forced to declare bankruptcy in the US to hold off the creditors there, is it required to declare bankruptcy in Canada, even though the financial situation in Canada is totally solvent? That is, can US creditors […]
can you include previous taxes owning in your bankruptsy? Posted from: Ontario
I have a `94 truck and a 99 Buick that both need work before they can be sold. Because they are need of repair and old I cashed in some RRSP`s and bought a `04 truck for cash. I was told that because I am only allowed to have a total of $5000.00 in assets […]
If I owe property taxes, can bankruptcy save me from paying them while I am in bankruptcy? Posted from: Ontario
AS A SPOUSE, SEPARATED FOR 6 YEARS IS IT POSSIBLE THAT I COULD BE RESPONSIBLE FOR HUSBANDS INCOME TAX DEBT ACCUMULATED DURING MARRIAGE. A MORTGAGE REDUCTION PAYMENT WAS MADE RATHER THAT MEETING TAX OBLIGATION PENALTY AND INTEREST HAS ACCUMULATED FOR OVER 15 YEARS I AM NOT JUDGMENT PROOF I RECEIVED THE BENEFIT WHEN MATRIMONIAL HOME […]
During a bankruptcy, if tax refund comes in, and it goes directly to the Trustee, is it or should it be considered part of the Debtor fees paid? Why is the standard expense for a family of 2 only $2328 for the province of BC; when the reality is that we have likely the lowest […]
