Q&A: Answers to Questions

Most Recent ‘Q&A’ Posts

During Bankruptcy

I filed for bankruptcy and have since been offered a contract but the agency wants me to incorporate. Are you allowed to incorporate during bankruptcy? Posted from: Alberta

moving

Can you move, after you file for bankruptcy? Posted from: Northwest Territories

do i apply for a discharge or after 7 years is it just gone

i went bankrupt in 2004 and trustee discharge himself in 2006 i did not finish my payments. do i apply for a discharge or after 7 years is it just gone ? Posted from: Ontario

trustee was discharged as I did not complete my duties, what happens now

i went bankrupt in 2004 and my trustee was discharged in2006 due to not making my payments it is now 2009. does it stay there forever or goes away after 7 years? how long do i stay undischarged Posted from: Ontario

Bankruptcy and Sold Debt

I had this weird conversation with a creditor a few days back. I was telling him that I plan to declare bankruptcy and move out of the country (if he wasn`t prepared to negotiate the debt). He told me that the debt will follow me wherever I go because he will simply sell the debt […]

Bankruptcy and security deposits.

Are the following security deposits liable to be seized in bankruptcy? 1. Last month`s rent. 2. security deposit for phone service/cable. 3. refundable deposit made to rent tools. 4. security deposit paid to college. These four are worth a total of 5000 dollars. Will I be forced to ask for a refund of these if […]

corp bankrupty

i own corp and the and the corp is going bankrupty .the corp owns money on the credit card.the card is on my name and the corp name.i just want to know if that effects me or not.or do the creditors will come after me or not. Posted from: Ontario

declaring bankruptcy in canada

If I declare bankruptcy in CANADA but then move to the STATES does my credit rating follow me there? Posted from: Ontario

What happens to business profits while in personal bankruptcy?

My wife and I filed for bankruptcy last month. I want to start my own sole proprietor plumbing contracting business. Will the profits from the company be considered excess income? What ability will I have to buy more tools or rent equipment during bankruptcy? thank you Posted from: British Columbia

Bankruptcy and becoming non-resident

How soon after I declare bankruptcy can I become a non-resident of Canada ? Do the Ontario exemptions still apply if I become a non-resident? Will shipping my personal effects and furniture out of the country be allowed when I`am bankrupt? Posted from: Ontario

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