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Most Recent ‘Q&A’ Posts

Tax audit and bankruptcy

I filed for bankruptcy in April 2009. I just received a letter from CRA that they did an audit on me and I owe them 2000$ from 2008 taxes. Is this included in my bankruptcy or is this a new debt I am responsible for? Posted from: Ontario

payday loan company and bankruptcy

I told the payday loan company I was declaring bankruptcy and they went into my bank account after being notified, took $500 (more than the original debt was). I got it back – my bank did a reach back (or something like that). They then took one of the cheques that bounced and certified it […]

RESP and Bankruptcy

Hi, my husband & me have RESP account for our kids, one year ago I took off my name from the RESP, so my husband is the only plan-holder. I am wondering if I file a bankruptcy, will my kids RESP be affected, even though my name not included in it. Thanks. Posted from: Ontario

No Assets to lose

Hi there, I have debt of 15000, plus a student loan of 8000. I`m going to be moving soon and can`t say for sure if I will have the means to make my payments. I`m having enough trouble as it is on a salary of $35, 000, which could very well be less once moved. […]

Abandon the house

In order to hold onto my job, I had to take a position 400 KMs away from home. We have a home with a mortgage. The house is up for sale. However, with the housing market, the value of the house is lower than the value of the mortgage. My wife has since left me. […]

Responsible, but still penalized?

I noticed a post that mentioned asset sales and wondered this… If one is attempting to avoid bankruptcy and can sell an item at the cost of what is left owing to pay off the debt of that item and it is a family member, work associate or friend that is interested and can afford […]

BC Family Bonus

If I declare bankrupcy (just myself, not my spouse), what happens to the money that we received from the government from the BC Family Bonus program and the Universal Child Care Benefit? Posted from: British Columbia

housing

Hello, My husband owns a home in his name which we rent out, and we recently purchased a new home in my name, and my husband co-signed for me for the mortgage. We are having problems with our tenants not paying, and we can`t can`t find anyone else, and we can`t afford paying for these […]

In to Deep

I owe Canada and Quebec aprx. $70,000 in back taxes. Is there anyway I can pay them payments for a few years and stop intrest? I am 57 and do not work just widows pension amt $671.00. I am married but these are have nothing to do with my husband We have only been maaried […]

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