Q&A: Answers to Questions

Most Recent ‘Q&A’ Posts

Personal Bankruptcy and Credit Cards

When filing for bankruptcy would I be able to keep a low limit ($2000.00) credit card for expenses that i currently incur for work related and required travel Posted from: Alberta

Waiting time

First of all thank you for keeping this site alive for all of us…My question is related to the waiting time prior to enter into bankruptcy – let`s say that I decided to go bankrupt for my debts – how long would it take the whole process – I mean from the moment when you […]

Discharge problems if any

I declared Bankruptcy last week of January now this my second bankruptcy. I`ve been paying on time every friday this only 2 mistakes one I had to change banks again and the other time my work had put the money in the wrong bank account. Other then that I`ve been doing really well and I`ve […]

Personal business and credit card

I have a credit card that I use for my healthcare practice dispensary expenses. I use it every month and pay off the total monthly. If I declare bankrupty can I still use it up until I declare or should I stop using it? And if so then how am I supposed to make the […]

reditors listed with an amount next to `Contingent`

Why are some creditors listed with an amount next to `Contingent` with nothing under unsecured, secured or preferred in the amount of debt/ Whant does this mean? Posted from: British Columbia

Sognia

I have an unsecured loan from a company who is now bankrupt, can trustee collect from me? Will bankruptcy eliminate my debt?Thanks, Sognia Posted from: Ontario

Spousal Filing

If husband and wife are both filing for bankruptcy, does that entitle each to the exemptions? (ie one vehicle exemption each and so forth.) Is there any tecnicalities to be aware of? Posted from: Ontario

Bankruptcy and TFSA/RESP/RRSP

While in bankruptcy can I open a TFSA or a RESP by using borrowed funds from my spouse? Posted from: Ontario

owed child support

I have filed Bankrupt last month…I have an ex that has never paid support in 11 yrs and FRO is involved…they finally found him and took $ from a source and deposited into my account….now after all these yrs of not recieving money for my son I have to hand it over to the trustee […]

Property Taxes

If one is has no equity in their house but wants to keep the home. Can the outstanding property taxes on the property be discharged under bankruptcy? Posted from: Ontario

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